Economy

The Cisco Systems Inc. (CSCO) Updates Q2 Earnings Guidance

Paloma Partners Management Company sold 355,253 shares as the company's stock declined 7.50% while stock markets rallied. The Sequoia Financial Advisors Llc holds 29,495 shares with $923,000 value, down from 136,066 last quarter. Cisco Sys Inc now has $169.28B valuation. The stock rose 1.10% or $0.37 reaching $34.12. About 14.20M shares traded. The original version of this piece can be read at https://stocknewstimes.com/2017/10/20/ferguson-wellman-capital-management-inc-purchases-129991-shares-of-cisco-systems-inc-csco.html. It has underperformed by 3.50% the S&P500. Blume Cap Management owns 10,113 shares. Pinkerton Retirement Specialists LLC now owns 5,221 shares of the network equipment provider's stock worth $150,000 after buying an additional 4,692 shares in the last quarter. Cme Group Inc now has $45.87B valuation. The stock increased 0.60% or $0.2 during the last trading session, reaching $33.75. About 3,044 shares traded. (FIX) has risen 15.96% since October 20, 2016 and is uptrending. It has outperformed by 28.19% the S&P500. Holderness Investments Co. now owns 66,740 shares of the network equipment provider's stock valued at $2,256,000 after acquiring an additional 7,186 shares during the period.

Since May 24, 2017, it had 0 buys, and 3 selling transactions for $12.50 million activity. Over the last quarter, insiders have sold 485,138 shares of company stock worth $15,347,574. First Amer National Bank & Trust invested in 0.51% or 203,324 shares. (NASDAQ:CSCO) for 28,036 shares. (NASDAQ:CSCO) for 58,696 shares. The company issued revenue guidance of down 2-4% to ~$11.27-11.51 billion, compared to the consensus revenue estimate of $12.15 billion.

Among 15 analysts covering CME Group (NASDAQ:CME), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 0 are positive. Cisco Systems has an average rating of "Buy" and a consensus price target of $35.30. The stock has "Equal Weight" rating by Barclays Capital on Tuesday, August 11. Argus Research maintained the stock with "Buy" rating in Friday, August 19 report. The stock has a market capitalization of $167.13 billion, a price-to-earnings ratio of 17.76 and a beta of 1.21. (NASDAQ:CSCO) rating on Tuesday, October 10. (NASDAQ:CSCO) rating on Thursday, February 16. Drexel Hamilton restated a "buy" rating and set a $39.00 target price on shares of Cisco Systems in a research report on Sunday, June 25th.

Investors sentiment increased to 2.02 in Q2 2017. Its down 0.36, from 1.3 in 2017Q1. Barclays Pcl invested 0% of its portfolio in Sears Holdings Corp (NASDAQ:SHLD). 13 funds opened positions while 19 raised stakes. Fagan Associates has 103,960 shares for 1.69% of their portfolio. Warren Averett Asset Lc has 0.22% invested in Cisco Systems, Inc. Louisiana State Employees Retirement Systems holds 0.04% or 9,700 shares. Pinnacle Fin Prtnrs has 47,915 shares. M&T Retail Bank stated it has 107,485 shares. (NASDAQ:CSCO). Sequoia Financial Limited Liability Corp holds 0.11% in Cisco Systems, Inc. Moreover, Tocqueville Asset Mgmt L P has 0.01% invested in Inphi Corporation (NYSE:IPHI) for 26,900 shares. Maple Capital Mngmt Incorporated holds 0.11% of its portfolio in Cisco Systems, Inc. Cetera Advisor Ntwk Ltd invested in 1,769 shares. Mark Sheptoff Financial Planning LLC now owns 4,000 shares of the network equipment provider's stock worth $127,000 after buying an additional 856 shares in the last quarter. Fmr Limited Liability accumulated 100.47 million shares. (NASDAQ:CSCO), 23 have Buy rating, 0 Sell and 14 Hold. It dropped, as 30 investors sold KLAC shares while 161 reduced holdings. CHAMBERS JOHN T sold $9.31M worth of stock. (NASDAQ:CSCO). Willis Invest Counsel has 2.24% invested in Cisco Systems, Inc. On Wednesday, June 14 the insider Jacoby Rebecca sold $2.94M. On average, equities analysts forecast that Cisco Systems, Inc. will post $2.43 EPS for the current year. Vetr upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and set a $35.02 price target for the company in a research note on Wednesday, September 6th. Therefore 75% are positive. ValuEngine downgraded Cisco Systems from a "buy" rating to a "hold" rating in a report on Monday, August 28th. As per Wednesday, June 21, the company rating was maintained by J.P. Morgan. On Wednesday, November 18 the stock rating was initiated by Citigroup with "Buy". Oppenheimer Holdings, Inc.'s target price points to a potential upside of 6.67% from the company's previous close. Stifel Nicolaus reinitiated the stock with "Hold" rating in Friday, November 18 report. The firm earned "Buy" rating on Wednesday, June 14 by Oppenheimer. (NASDAQ:CSCO) rating on Thursday, August 18. The firm has "Underperform" rating given on Tuesday, August 4 by Macquarie Research.

Investors sentiment increased to 1.18 in Q2 2017. Its up 0.14, from 1.04 in 2017Q1.

Several hedge funds and other institutional investors have recently modified their holdings of CSCO. Farmers National Bank raised its position in shares of Cisco Systems by 1.3% during the 1st quarter. Invesco Ltd invested in 0.06% or 2.09 million shares. 60,310 are held by Wade G W. Oak Ltd Oh accumulated 1.68 million shares. Usca Ria Limited Co owns 365,963 shares or 1.47% of their U.S. portfolio. (NASDAQ:CSCO). Goldman Sachs Gru, New York-based fund reported 37.37 million shares. Quantbot Technologies Lp holds 0.01% or 3,458 shares. Schwab Charles Investment Mgmt reported 0.5% stake. Manatuck Hill Ltd Liability reported 28,800 shares. Van Strum And Towne Inc has 7,026 shares for 0.14% of their portfolio. Palouse reported 175,129 shares stake. Dynamic Solutions Lc stated it has 23,897 shares or 0.29% of all its holdings. Cisco Systems, Inc. has a 1-year low of $29.12 and a 1-year high of $34.60. (NASDAQ:CSCO) or 856,265 shares. It also upped Bank Of America Corp Com (NYSE:BAC) stake by 20,630 shares and now owns 121,280 shares. Vanguard Scottsdale Fds (VONG) was raised too. (NASDAQ:CSCO). Outfitter Advsr Limited reported 0.74% stake.



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