Cisco Systems, Inc. (NASDAQ:CSCO) CEO Charles Robbins Sells 18,955 Shares
Cisco Systems, Inc. (NASDAQ:CSCO) CEO Charles Robbins sold 18,955 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $50.04, for a total value of $948,508.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
CSCO traded up $0.10 during trading on Friday, reaching $50.03. The stock had a trading volume of 10,519,160 shares, compared to its average volume of 20,880,857. The stock’s 50 day moving average is $50.30 and its two-hundred day moving average is $53.70. The company has a current ratio of 1.51, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $212.43 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 2.29 and a beta of 1.26. Cisco Systems, Inc. has a one year low of $40.25 and a one year high of $58.26.
Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Cisco Systems had a return on equity of 32.43% and a net margin of 22.39%. The business had revenue of $13.43 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts predict that Cisco Systems, Inc. will post 3.06 earnings per share for the current year.
A number of equities analysts recently commented on the company. ValuEngine downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Citigroup decreased their target price on Cisco Systems from $65.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, August 15th. BidaskClub downgraded Cisco Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 31st. Nomura upped their target price on Cisco Systems from $50.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Finally, Tigress Financial restated a “buy” rating on shares of Cisco Systems in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company. Cisco Systems presently has a consensus rating of “Buy” and a consensus price target of $56.72.
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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