Media headlines about Cisco Systems (NASDAQ:CSCO) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cisco Systems earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the network equipment provider an impact score of 47.5110059685954 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Cisco Systems, Inc. (CSCO) Analyst’s Outlook on this Recent Surge – US Trade Media (ustrademedia.com)
- Cisco Systems, Inc. (CSCO) : Keep an eye on Analysts Rating – Wall Street Morning (wallstreetmorning.com)
- Short Interest in Cisco Systems, Inc. (CSCO) Rises By 5.0% (americanbankingnews.com)
- Trader’s Focus— Cisco Systems, Inc. (CSCO) – usstockjournal (usstockjournal.com)
- Cisco Systems, Inc. (CSCO) projected to achieve -9.80% earnings growth for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
A number of research firms have recently weighed in on CSCO. Argus reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $44.00) on shares of Cisco Systems in a research report on Friday, February 16th. Vetr lowered Cisco Systems from a “buy” rating to a “hold” rating and set a $44.13 price objective on the stock. in a research report on Monday, February 19th. MKM Partners upped their price objective on Cisco Systems to $48.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Oppenheimer reaffirmed an “outperform” rating and set a $50.00 price objective (up previously from $46.00) on shares of Cisco Systems in a research report on Friday, February 16th. Finally, Zacks Investment Research raised Cisco Systems from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Wednesday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. Cisco Systems presently has a consensus rating of “Buy” and an average target price of $44.04.
Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Cisco Systems had a negative net margin of 3.00% and a positive return on equity of 17.77%. The business had revenue of $11.89 billion during the quarter, compared to the consensus estimate of $11.82 billion. During the same quarter in the prior year, the firm earned $0.57 earnings per share. research analysts forecast that Cisco Systems will post 2.32 EPS for the current fiscal year.
Cisco Systems announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 14th that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the network equipment provider to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Thursday, April 5th will be paid a dividend of $0.33 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $1.32 annualized dividend and a dividend yield of 2.90%. Cisco Systems’s dividend payout ratio is -362.50%.
In other news, Director M Michele Burns sold 12,126 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $45.37, for a total transaction of $550,156.62. Following the completion of the sale, the director now owns 74,479 shares in the company, valued at $3,379,112.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roderick C. Mcgeary sold 15,230 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.00, for a total transaction of $578,740.00. Following the sale, the director now owns 113,154 shares of the company’s stock, valued at approximately $4,299,852. The disclosure for this sale can be found here. Insiders have sold 116,566 shares of company stock valued at $4,636,938 in the last quarter. Insiders own 0.05% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was originally reported by BBNS and is owned by of BBNS. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://baseballnewssource.com/2018/03/12/cisco-systems-csco-earns-news-sentiment-score-of-0-21/2019932.html.
Cisco Systems Company Profile
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).
Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.