Starbucks, Cisco Systems, Salesforce Upgraded --> Starbucks, Cisco Systems, Salesforce Upgraded

Elbert EdwardsMay 17, 2017

Many analysts have provided their estimated foresights on Cisco Systems, Inc.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 15th. (NASDAQ:CSCO)'s price target was revised on 4/10/17 by the analysts, however the bullish price estimates of the stock set at $40 while the bearish estimates kept at $29 over the next one year.

"Cisco continues to drive a mix shift towards software and recurring revenues, and in conjunction with strong firewall refresh activity, will gain share of IT budgets as customers increasingly favor Cisco's end-to-end portfolio and architecture to improve cybersecurity", Faucette added. TX's holdings, making the stock its 27th largest position.

Several other hedge funds have also modified their holdings of CSCO. WESPAC Advisors LLC bought a new stake in Cisco Systems during the third quarter worth approximately $1,590,000. However a year ago for the same quarter the company has reported $0.57 EPS. (NASDAQ:MERC). 47,718 were accumulated by Shell Asset Management. After $0.53 actual earnings per share reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth. Seven Eight Capital LP purchased a new stake in Cisco Systems during the fourth quarter valued at about $112,000. Share performance for the month is now at 5.58%. Finally, Norway Savings Bank acquired a new stake in shares of Cisco Systems during the fourth quarter worth approximately $136,000. The Hexavest Inc holds 2.86M shares with $86.50 million value, down from 3.18M last quarter. The stock grabbed 112 new institutional investments totaling 21,062,966 shares while 63 institutional investors sold out their entire positions totaling 9,684,751 shares.

Cisco Systems, Inc. has a 52-week low of $26.46 and a 52-week high of $34.60. (NASDAQ:CSCO). Greenleaf Tru has 0.03% invested in Cisco Systems, Inc. In a transaction dated February 24, 2017, the shares were put up for sale at an average price of $34.12, raking in a sum of $1,180,450. The Stock now has the market capitalization of $75.21 Billion, P/E (price to earnings ttm) of 43.03 and Weekly volatility of 4.58% and monthly volatility of 2.59% respectively. A total of 31.53M shares exchanged hands during the intra-day trade compared with its average trading volume of 6.58M shares, while its relative volume stands at 1.66.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 26th. Shares have risen 18.07% over the trailing 6 months. (NASDAQ:CSCO) earned "Buy" rating by Deutsche Bank on Tuesday, April 11. This is a boost from Cisco Systems's previous quarterly dividend of $0.26. Cisco Systems's payout ratio is presently 49.52%.

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Shares of Cisco Systems, Inc. The stock of Cisco Systems, Inc. Pacific Crest set a $33.00 price target on Cisco Systems and gave the stock a "buy" rating in a research report on Wednesday, January 25th. William Blair reaffirmed an outperform rating on shares of Cisco Systems in a report on Thursday, February 16th. A rating of 4 or 5 would represent a Sell recommendation.

Analysts are weighing in on coffee name Starbucks Corporation (NASDAQ:SBUX), Dow stock Cisco Systems, Inc.

The company's price sits -0.34% below from its 50-day moving average of $33.48 and 7.18% far from the stock's 200-day moving average which is $31.94. Corporate insiders own 0.11% of the company's stock. BHATT PRAT sold $537,050 worth of stock.

In the transaction dated February 23, 2017, the great number of shares disposed came courtesy the Director; SARIN ARUN disposed a total of 13,869 shares at an average price of $34.06, amounting to approximately $472,378.

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