Published: Thu, May 18, 2017
Markets | By Lucia Cruz

Cisco shares fall on weak revenue outlook

Cisco shares fall on weak revenue outlook

Ironwood Investment Management LLC now owns 13,894 shares of the network equipment provider's stock valued at $441,000 after buying an additional 36 shares in the last quarter. Patten Gru has 1.17% invested in Cisco Systems, Inc. Tracking most recent quarter period, Price to book (P/B) ration is at 2.70 and Price to cash per share ration is at 2.40. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 6.00% since April 17, 2017 and is uptrending. Seven Eight Capital LP bought a new position in Cisco Systems during the fourth quarter worth approximately $112,000. LVM Capital Management Ltd. MI now owns 438,059 shares of the network equipment provider's stock worth $14,806,000 after buying an additional 4,525 shares during the last quarter. (NASDAQ:CSCO). Cullen Frost Bankers Incorporated reported 0.85% of its portfolio in Cisco Systems, Inc. Institutional investors and hedge funds own 75.24% of the company's stock. Morgan Stanley upgraded Cisco Systems, Inc. (NASDAQ:CSCO) shares have seen a move of 15.24%. Company's distance from 20 day simple moving average is 1.91% and distance from 50-Day simple moving average is 2.21%. The company rocked its 52-Week High of $34.6 and touched its 52-Week Low of $26.46. The company reported the earnings of $0.57/Share in the last quarter where the estimated EPS by analysts was $0.56/share. According to these analysts, the Low Revenue Estimate for Cisco Systems, Inc.is 11.78 Billion and the High Revenue Estimate is 12.13 Billion. (CSCO) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued.

1832 Asset Mgmt Ltd Partnership reported 815,445 shares or 0.09% of all its holdings. Total debt to equity ratio of the company for most recent quarter is 0.55 whereas long term debt to equity ratio for most recent quarter is 0.48. Narrowing in a bit closer, the 5 month price index is 1.11147, the 3 month is 1.05536, and the 1 month is now 1.03177. Hayek Kallen Investment Mngmt has invested 0.16% in Cisco Systems, Inc. The rating was downgraded by Bank of America on Tuesday, April 5 to "Neutral". Cisco Systems's dividend payout ratio is presently 49.52%.

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David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Cisco Systems wasn't one of them! They now have a Dollars 37 price target on the stock.

04/20/2017 - Cisco Systems, Inc. had its "overweight" rating reiterated by analysts at Barclays. (NDAQ:CSCO), 4 have Buy rating, 0 Sell and 1 Hold. Oppenheimer Holdings Inc. set a $34.00 target price on Cisco Systems and gave the stock a "buy" rating in a research report on Tuesday, January 24th.

Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. MCGEARY RODERICK C sold 10,000 shares worth $340,700. The SEC filing shows that CHANDLER MARK D performed a sale of 16,000 shares. Cisco responded with a revenue outlook that ranges from a 4 percent to 6 percent decrease, with EPS between 60 cents a share and 62 cents a share. The shares were purchased at an average price of $33.92 per share, for a total transaction of $102,675.84. The share price of the stock surged 3.65% for the year.

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