Technology Stocks Worth Chasing: Cisco Systems, Inc. (CSCO), Twitter, Inc. (TWTR)

Cisco Systems is one of the largest networking hardware and software companies in the world

On the other hand, CSCO's customers are losing in the cloud to vendors like Alphabet Inc, Microsoft Corporation and Amazon.com, Inc., which prefer to build their own hardware from parts, rather than buying high-end gear from outside vendors. Cisco Systems was Resumed by Stifel on Nov 18, 2016 to Hold, Price Target of the shares are set at $34. The share price of the stock surged 50.67% for the year.

Cisco shares dipped after the company gave gloomy revenue guidance for the current quarter.

Cisco Systems, Inc. (CSCO) is in Goldman's research list so their analyst rating change is noteworthy.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Cisco Systems, Inc. Following a recent rally, Cisco's share price is now trading around the highest level since 2007.

Cisco Systems, Inc. (NASDAQ:CSCO) topped its 52-week high price of $32.84 on Feb 15, 2017 and 52-Week Low Price of $25.65 on Feb 24, 2016. 20,347,817 shares of the company were exchanged. Currently, the company has SMA200 (200-day simple moving average) of 10.56 Percent.

Several investment firms issued their expert ratings on Cisco Systems, Inc. The firm has a market cap of $151.75 billion, a price-to-earnings ratio of 14.46 and a beta of 1.38. One quarter earlier, revenue for the stock was at $12.64 billion, with earnings at $0.63/share.

When Cisco shares its fiscal second-quarter results after the closing bell on Wednesday, analysts on average predict that its earnings per share (EPS) will have dropped by a penny from a year ago to $0.56. Cisco Systems had a net margin of 21.73% and a return on equity of 17.50%.

Its revenue of $11.6 billion in the second quarter decreased 2%, compared with the revenue of $11.8 billion in the same period past year.

In case of Revenue Estimates, 27 analysts have provided their consensus Average Revenue Estimates for Cisco Systems, Inc.as 11.55 Billion. Investors of record on Thursday, April 6th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.53%. (NASDAQ:CSCO) reported Q1 earnings of $0.61, beating consensus estimates of $0.59. Cisco Systems's dividend payout ratio (DPR) is now 49.52%.

Cisco Systems Inc bought AppDynamics for $3.7 billion.

This article was posted by [[site]] and is the sole property of of [[site]]. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright and trademark law. The stock traded at a volume of 26.36 million shares. Average monthly active users were 319 million for the quarter, up 4% year-over-year and compared to 317 million in the previous quarter. Following the sale, the senior vice president now owns 183,275 shares of the company's stock, valued at $5,573,392.75.

A number of large investors have recently modified their holdings of CSCO. Its sales are likely to decline in the range of a mid-single digit, while earnings per share could stand around $0.57 compared to $0.59 per share in the same period past year. (NASDAQ:CSCO) is projected at -1.8 percent in the Current Quarter and 1.8 percent in the Next Quarter, according to analysts.

Shares of SunPower slumped in after-hours trades, falling by as much as 4.83% to $6.90. Forbes J M & Co. State Street Corp raised its stake in shares of Cisco Systems by 2.8% in the fourth quarter.

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