Cisco Systems (NASDAQ:CSCO) posted its quarterly earnings data on Wednesday. The network equipment provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04, Bloomberg Earnings reports. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. During the same period last year, the business earned $0.57 earnings per share. Cisco Systems updated its Q3 guidance to $0.64-0.66 EPS.

Cisco Systems (NASDAQ CSCO) traded up $1.61 during mid-day trading on Thursday, reaching $43.70. 21,979,906 shares of the company’s stock were exchanged, compared to its average volume of 28,439,764. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. Cisco Systems has a 12 month low of $30.36 and a 12 month high of $44.44. The firm has a market capitalization of $219,270.00, a PE ratio of -136.56, a P/E/G ratio of 3.71 and a beta of 1.23.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Thursday, April 5th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.02%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.29. Cisco Systems’s dividend payout ratio (DPR) is presently -362.50%.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the sale, the insider now owns 712,736 shares of the company’s stock, valued at $26,014,864. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Karen Walker sold 5,786 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $211,131.14. Following the sale, the senior vice president now directly owns 176,418 shares in the company, valued at approximately $6,437,492.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 348,643 shares of company stock worth $12,892,271. 0.05% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Mountain Capital Investment Advisors Inc acquired a new stake in Cisco Systems during the second quarter worth approximately $104,000. Auxier Asset Management raised its holdings in Cisco Systems by 31.0% during the second quarter. Auxier Asset Management now owns 74,773 shares of the network equipment provider’s stock worth $2,340,000 after purchasing an additional 17,700 shares in the last quarter. Gofen & Glossberg LLC IL raised its holdings in Cisco Systems by 29.9% during the second quarter. Gofen & Glossberg LLC IL now owns 241,520 shares of the network equipment provider’s stock worth $7,560,000 after purchasing an additional 55,575 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Cisco Systems by 2.8% during the second quarter. Public Employees Retirement System of Ohio now owns 3,658,559 shares of the network equipment provider’s stock worth $114,513,000 after purchasing an additional 98,943 shares in the last quarter. Finally, Koch Industries Inc. raised its holdings in Cisco Systems by 17,843.5% during the second quarter. Koch Industries Inc. now owns 1,133,310 shares of the network equipment provider’s stock worth $1,098,000 after purchasing an additional 1,126,994 shares in the last quarter. 75.42% of the stock is currently owned by institutional investors.

CSCO has been the subject of several recent research reports. Oppenheimer reissued a “buy” rating and issued a $36.00 price objective on shares of Cisco Systems in a research note on Friday, October 20th. Deutsche Bank reissued a “buy” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Cisco Systems in a research note on Thursday, November 16th. Jefferies Group raised their price objective on shares of Cisco Systems to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Citigroup reissued a “buy” rating and issued a $40.00 price objective on shares of Cisco Systems in a research note on Thursday, November 16th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $36.00 price objective on shares of Cisco Systems in a research note on Wednesday, November 15th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.41.

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About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Earnings History for Cisco Systems (NASDAQ:CSCO)

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