Cisco Systems (NASDAQ:CSCO) issued an update on its second quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.71-0.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.72. The company issued revenue guidance of $12.481-12.719 billion, compared to the consensus revenue estimate of $12.53 billion.Cisco Systems also updated its Q2 guidance to $0.71-0.73 EPS.

Cisco Systems stock traded down $1.95 during trading hours on Friday, hitting $46.44. 37,981,320 shares of the stock were exchanged, compared to its average volume of 24,913,948. The company has a current ratio of 2.11, a quick ratio of 2.05 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $233.12 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 2.83 and a beta of 1.15. Cisco Systems has a 12 month low of $37.35 and a 12 month high of $49.47.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 14th. The network equipment provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.03. The firm had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $12.86 billion. Cisco Systems had a net margin of 2.52% and a return on equity of 25.58%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. As a group, equities research analysts predict that Cisco Systems will post 2.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Friday, January 4th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, January 3rd. This represents a $1.32 annualized dividend and a yield of 2.84%. Cisco Systems’s dividend payout ratio is 56.41%.

Several analysts have weighed in on CSCO shares. UBS Group set a $56.00 price objective on shares of Cisco Systems and gave the stock a buy rating in a research note on Wednesday, September 26th. Piper Jaffray Companies set a $50.00 price objective on shares of Cisco Systems and gave the stock a buy rating in a research note on Tuesday, September 11th. JPMorgan Chase & Co. set a $59.00 price objective on shares of Cisco Systems and gave the stock a buy rating in a research note on Thursday, August 16th. Goldman Sachs Group reissued a buy rating and set a $56.00 price target on shares of Cisco Systems in a research note on Thursday, August 16th. Finally, BidaskClub raised shares of Cisco Systems from a hold rating to a buy rating in a research note on Friday, August 10th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $50.26.

In other Cisco Systems news, CFO Kelly A. Kramer sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $47.20, for a total value of $3,304,000.00. Following the transaction, the chief financial officer now directly owns 720,930 shares of the company’s stock, valued at $34,027,896. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Irving Tan sold 28,000 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $48.43, for a total transaction of $1,356,040.00. Following the completion of the transaction, the senior vice president now directly owns 188,853 shares in the company, valued at $9,146,150.79. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 586,943 shares of company stock worth $27,718,423. Insiders own 0.03% of the company’s stock.

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Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Earnings History and Estimates for Cisco Systems (NASDAQ:CSCO)

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