Economy

Get hyped: Cisco makes $320m intentions known to startup Springpath

Get hyped: Cisco makes $320m intentions known to startup Springpath

Ratings analysis reveals 64% of Cisco Systems Inc.'s analysts are positive. Oppenheimer Holdings has a "Outperform" rating and a $36.00 price target on the stock. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since August 23, 2016 and is uptrending. The network equipment provider reported $0.61 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.61. This is a near-term estimation for the next 12-18 months. Cisco Systems has a 52 week low of $29.12 and a 52 week high of $34.60. Actually, firms emphasize that ratings are not advice and that investment decisions should not be made exclusively on an analyst rating.

Institutional owners hold 76.20% stake while Insiders ownership held at 0.10% in the company.

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Cisco Systems, Inc. (CSCO) stock directed 0.52% toward a higher level throughout previous year and swapped -3.64% toward a weak spot during past one month.

A number of other research analysts have also weighed in on CSCO. Cisco Systems, Inc. Networking & Communication Devices has a PEG of 1.53 alongside a PS value of 3.27 and a PB value of 2.32. Robert W. Baird maintained it with "Buy" rating and $38.0 target in Thursday, August 17 report. The stock has an average rating of "Buy" and a consensus target price of $35.47.

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Ballentine Partners Llc decreased Cisco Sys Inc (CSCO) stake by 37.7% reported in 2016Q4 SEC filing. (NASDAQ:CSCO) earned "Buy" rating by Stifel Nicolaus on Monday, February 8. (NASDAQ:CSCO) has "Buy" rating given on Tuesday, October 6 by Citigroup. The stock closing price is now trading downward to its 50 day moving average with change of -0.88%, tumbled to its 20 day moving average with figure of -0.86% and behind its 200 day moving average with value -1.96%. 9,315,710 shares of the company were exchanged.

Shares are trading at $30.68 slightly below the 50 day moving average of $31.46 and which is significantly below the 200 day moving average of $32.58.

Cisco is buying Springpath for $320m and will have the startup supply the software for its HyperFlex hyperconverged products. The company was maintained on Thursday, February 16 by RBC Capital Markets. Jefferies upgraded Cisco Systems, Inc.

Outlined as the total market value of all unsettled shares of the company, the current market cap for the Cisco Systems, Inc. "(CSCO) Forecasted to Post Q2 2018 Earnings of $0.50 Per Share" was first posted by Markets Daily and is owned by of Markets Daily. (NASDAQ:CSCO). The France-based Natixis Asset Mgmt has invested 0.2% in Cisco Systems, Inc. Liberty Capital Management Inc reported 12,627 shares. Stadion Money Ltd owns 33,955 shares. United States Steel & Carnegie Pension Fund sold 630,000 shares as Cisco Systems Inc (CSCO)'s stock declined 7.50%. (CSCO) stock showed the move of 1.92% with the closing price of $31.27. Its last month's stock price volatility remained 1.97% which for the week stands at 1.38%. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. About 8.99 million shares traded. The total value of its holdings decreased 4.3%. The disclosure for this sale can be found here. Walker Karen also sold $244,125 worth of Cisco Systems, Inc.

Since February 24, 2017, it had 0 insider purchases, and 5 selling transactions for $13.58 million activity. This dividend represents a yeild of $3.82 which is the dividend as a percentage of the current share price.


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