Cisco beats on revenue and earnings but investors were not impressed

Cisco beats on revenue and earnings but investors were not impressed

That's change of 0.01, from 2017Q3's 1.02. 734 active investment managers opened new or increased positions, while 711 trimmed and sold holdings in Cisco Systems Inc so the sentiment is better.

Investors in Cisco Systems (CSCO) may fret about Thursday's sell-off after in-line July-quarter guidance disappointed, but they can take some solace in the company's $25 billion stock buyback. Sold All: 3 Reduced: 8 Increased: 5 New Position: 4. (NASDAQ:CSCO). Park Avenue Securities Ltd Liability has invested 0.13% in Cisco Systems, Inc.

Big Money Sentiment increased to 1.03 in Q4 2017. Yacktman Asset Management Lp reported 19.70 million shares. The United Kingdom-based fund Edinburgh Partners Ltd have invested about 6.7% of the institutional investor's stock portfolio in Cisco Systems Inc. Geode Capital Management LLC now owns 55,764,986 shares of the network equipment provider's stock valued at $2,131,581,000 after acquiring an additional 909,507 shares during the last quarter.

The analyst continued, "While Cisco continues to struggle driving growth in the near term, we believe the stage is set for the company to see a renaissance of modest growth (~5%) return to the story over the coming years on the heels of more subscription based software revenue and newer growth initiatives which could help the stock get re-rated over time". The network equipment provider reported $0.63 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.59 by $0.04. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. A total of 3,026,451 shares exchanged hands during the intra-day trade contrast with its average trading volume of 5.65M shares, while its relative volume stands at 0.54. (NASDAQ:CSCO). Sigma Planning Corporation reported 91,293 shares. It has outperformed by 14.02% the S&P500.

Drw Securities Lc holds 0.28% or 69,288 shs.

Cisco still relies on hardware for more than half of its revenue, and it's posted sales growth in only two of the past nine quarters. It has made some minor inroads with large cloud computing providers such as Microsoft, Google Inc. and China's Alibaba Group Holding Ltd., most of which have built their own networking gear. 21,609 were reported by Tower Bridge Advisors. Morgan Stanley acquired 633,148 shares as V F Corp (VFC)'s stock declined 0.19%. Cibc Asset Mngmt stated it has 0.16% of its capital in Cisco Systems, Inc. Gyroscope Mgmt Grp Llc holds 2.87% or 164,014 shs.

Patten & Patten Inc, which manages about $1.33B and $999.57M US Long portfolio, decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 5,637 shares to 126,788 shares, valued at $10.61M in 2017Q4, according to the filing. Real Goods Solar, Inc. dipped to as low as $1.1995 throughout the day and has returned -17.57% in this year. 32 are the (NASDAQ:CSCO)'s ratings reports on 16 May 2018 according to StockzIntelligence Inc. Garland Cap Management accumulated 138,011 shs or 3.47% of the stock. Field And Main Commercial Bank accumulated 0.66% or 17,950 shs. Commonwealth Of Pennsylvania School Empls Retrmt owns 442,197 shs. Wall Street experts also assign a $49.71 price target on Cisco Systems, Inc., pointing towards a 10.08% rally from current levels. Cisco Systems has a 1 year low of $30.36 and a 1 year high of $46.16. (NASDAQ:CSCO) was sold by BURNS M MICHELE on Monday, February 26. SARIN ARUN sold $625,751 worth of stock. (NASDAQ:CSCO) or 15,230 shs. Shares for $578,740 were sold by MCGEARY RODERICK C on Thursday, December 14. While, the analyst predicted that the company could provide an EPS of $0.59/share. The positive are 83%.

Cisco Systems, Inc. (CSCO) has an Analysts' Mean Recommendation of 2. On Monday, November 27 the rating was maintained by Bernstein with "Buy". Shore Capital maintained the stock with "Hold" rating in Wednesday, September 23 report. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) advice adding it to buy candidate list. The stock rating was maintained by Deutsche Bank with "Buy" on Thursday, February 15. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO). Kessler Investment Group Inc Ltd Llc holds 50,304 shs or 2.42% of its capital. On Thursday, February 15 the firm earned "Hold" rating by Stifel Nicolaus. The titles are as follows: "Earnings Scheduled For May 16, 2018" announced on May 16, 2018, "Cisco Systems: Last Chance To Buy?" on April 24, 2018, "Can Cisco Keep Up the Pace With Earnings?" with a publish date: May 16, 2018, "Cisco Systems Remains Top-Performing Dow Stock in 2018" and the last "Cisco Expects Another Quarter of Growth" with publication date: May 15, 2018.

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