Monday, 18 June, 2018

Cisco's revenue is finally growing again and investors are piling in

Cisco chart Cisco Systems, Inc. Earnings Preview: Stock Up, Modest Beat Expected
Preston Stone | 16 February, 2018, 05:38

Cisco Systems, Inc. (CSCO)'s distance from 200 day simple moving average is 19.54 percent, its distance from 50 day simple moving average is 4.13 percent, while its distance from 20 day simple moving average is 0.22 percent. The Northwestern Mutual Wealth Management Company holds 606,417 shares with $20.39 million value, up from 576,091 last quarter. Cisco Systems Inc. now has $215.28 billion valuation.

In related news, CAO Prat Bhatt sold 2,606 shares of the company's stock in a transaction dated Wednesday, November 22nd. About 24.15 million shares traded. (NASDAQ:CSCO). Salem Counselors has 1.42% invested in Cisco Systems, Inc. Ally Fincl owns 190,000 shares.

Shares in Cisco Systems opened at their highest in 18 years today after quarterly earnings suggested a years-long effort to turn the network gear maker around was finally bearing fruit. Waratah Capital Advisors Ltd who had been investing in Costco Whsl Corp for a number of months, seems to be less bullish one the $83.02 billion market cap company. It has outperformed by 5.00% the S&P500. Its down 0.47, from 2.43 in 2017Q2. Landscape Cap Management Limited Co has invested 0.02% in ChemoCentryx, Inc. Philadelphia Trust invested in 0.39% or 242,230 shares. Farmers Bancorporation owns 13,016 shares or 0.27% of their United States portfolio. Brands, Inc. (NYSE:YUM). 855,380 were reported by Marshfield Assocs.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brands, Inc. (NYSE:YUM) for 159,688 shares. Stevens Capital Mgmt Limited Partnership reported 13,826 shares stake. Guyasuta Advisors Incorporated reported 9,388 shares. Winslow Evans Crocker stated it has 0.42% in Cisco Systems, Inc. 3,588 were accumulated by Benedict Finance Advsr.

Among 15 analysts covering Ansys Inc. KeyCorp set a $49.00 price objective on shares of Cisco Systems and gave the stock a "buy" rating in a report on Thursday. Therefore 33% are positive. JP Morgan maintained Yum! (NASDAQ:CSCO) on Thursday, December 14. The company was maintained on Thursday, August 3 by BMO Capital Markets. The company presently has an average rating of "Buy" and an average target price of $41.38. As per Tuesday, January 30, the company rating was upgraded by Berenberg. Evercore maintained Ansys, Inc. Argus Research has "Buy" rating and $36.0 target.

Lee Danner & Bass Inc, which manages about $1.12 billion and $929.08M US Long portfolio, decreased its stake in Fairfax Financial Hld (FRFHF) by 4,362 shares to 164,340 shares, valued at $85.29M in 2017Q3, according to the filing.

As the P/E goes up, it shows that current investor sentiment is that the company is worth more. Applications, its software and teleconferencing products unit, increased 6 percent to $1.2 billion. It turned negative, as 13 investors sold CORT shares while 39 reduced holdings. A five-year DCF Revenue Exit model would peg Cisco's fair value is $45.74 per share. Riverpoint Cap Mngmt Ltd Liability owns 37,054 shares for 0.08% of their portfolio.

Aegis Financial Corp holds 1.24% of its portfolio in Sypris Solutions, Inc. for 609,409 shares.

Ajit Pai faces investigation into moves that benefit Sinclair Broadcasting
Interestingly, weeks laters, Sinclair Broadcast Group announced (long-suspected) a deal to acquire Tribune Media for $3.9 billion. He added that Pai has for years called on the FCC to update its media ownership regulations .

Disclosure: The author owns shares of Nokia Corporation. (NASDAQ:CSCO) for 304,828 shares. 12,641 are owned by Modera Wealth Limited Liability.

Timothy Green owns shares of Cisco Systems.

Webster Bank increased Vanguard Intl Equi (VGK) stake by 72,329 shares to 95,852 valued at $5.59 million in 2017Q3. Natixis has invested 0.25% in Cisco Systems, Inc.

Since August 23, 2017, it had 0 buys, and 7 insider sales for $23.51 million activity. (NASDAQ:CSCO) shares. Robbins Charles sold 121,390 shares worth $3.89M. Walker Karen had sold 23,110 shares worth $740,883. CHAMBERS JOHN T sold $7.79M worth of stock. On Thursday, December 14 MCGEARY RODERICK C sold $578,740 worth of Cisco Systems, Inc. Over the last quarter, insiders have sold 348,643 shares of company stock worth $12,892,271. The insider BARTZ CAROL sold $7.59 million.

Analysts await Ansys, Inc.

CSCO closed Wednesday's trading at $42.09, up $0.86 or 2.09%, on the Nasdaq. Therefore 68% are positive. Cisco Systems Inc. had 150 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has "Buy" rating by Stifel Nicolaus on Friday, November 3. The rating was maintained by Oppenheimer on Wednesday, August 16 with "Buy". Eleven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. (NASDAQ:CSCO) earned "Outperform" rating by Raymond James on Friday, September 23.

On 2/15/2017 Cisco Systems announced a quarterly dividend of $0.29 3.45% with an ex dividend date of 4/4/2017 which will be payable on 4/26/2017. The rating was maintained by Citigroup on Tuesday, August 9 with "Buy".

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