Cisco Systems (NASDAQ:CSCO) issued its quarterly earnings results on Wednesday. The network equipment provider reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01, RTT News reports. Cisco Systems had a return on equity of 27.58% and a net margin of 25.31%. The business had revenue of $12.96 billion during the quarter, compared to analyst estimates of $12.89 billion. During the same quarter in the prior year, the business posted $0.66 EPS. Cisco Systems’s revenue for the quarter was up 4.0% compared to the same quarter last year. Cisco Systems updated its Q4 2019 guidance to $0.80-0.82 EPS and its Q4 guidance to $0.80-0.82 EPS.
Shares of Cisco Systems stock opened at $52.02 on Thursday. The stock has a market cap of $247.14 billion, a PE ratio of 22.23, a PEG ratio of 2.67 and a beta of 1.21. The company has a quick ratio of 1.74, a current ratio of 1.80 and a debt-to-equity ratio of 0.39. Cisco Systems has a twelve month low of $40.25 and a twelve month high of $57.53.
In related news, Director Roderick C. Mcgeary sold 15,000 shares of Cisco Systems stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $49.66, for a total value of $744,900.00. Following the completion of the transaction, the director now owns 102,898 shares in the company, valued at $5,109,914.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Goeckeler sold 30,000 shares of Cisco Systems stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $52.07, for a total value of $1,562,100.00. Following the completion of the transaction, the executive vice president now owns 419,439 shares of the company’s stock, valued at approximately $21,840,188.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,000 shares of company stock valued at $5,926,000. 0.03% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Phocas Financial Corp. bought a new stake in Cisco Systems in the fourth quarter worth about $26,000. Stone House Investment Management LLC bought a new stake in Cisco Systems in the first quarter worth about $27,000. Essex Investment Management Co. LLC bought a new stake in Cisco Systems in the fourth quarter worth about $29,000. Horan Securities Inc. lifted its stake in Cisco Systems by 663.0% in the fourth quarter. Horan Securities Inc. now owns 763 shares of the network equipment provider’s stock worth $33,000 after purchasing an additional 663 shares during the last quarter. Finally, Lucia Wealth Services LLC lifted its stake in Cisco Systems by 435.5% in the first quarter. Lucia Wealth Services LLC now owns 664 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 540 shares during the last quarter. Institutional investors own 69.04% …read more
Source:: Daily times