Cisco Systems(NASDAQ:CSCO) Declares Dividend of $0.2600.

Cisco Systems (NASDAQ:CSCO) had declared a cash dividend of $0.2600 on Jun 6, 2016. The shares will quote ex-dividend on Jul 5, 2016 and the record date has been fixed on Jul 7, 2016. At Jun 6, 2016 share price, the yield comes out to be 3.5739%. The dividend payable date has been fixed on Jul 27, 2016.

In a different note, On May 19, 2016, Barclays said it Maintains its rating on Cisco Systems. In the research note, the firm Raises the price-target to $29.00 per share. The shares have been rated ‘Overweight’ by the firm. On May 19, 2016, Credit Suisse said it Maintains its rating on Cisco Systems. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Underperform’ by the firm. On May 19, 2016, JP Morgan said it Maintains its rating on Cisco Systems. In the research note, the firm Raises the price-target to $27.50 per share. The shares have been rated ‘Neutral’ by the firm. On May 19, 2016, BMO Capital said it Maintains its rating on Cisco Systems. In the research note, the firm Raises the price-target to $30.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 19, 2016, Deutsche Bank said it Maintains its rating on Cisco Systems. In the research note, the firm Lowers the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm. On May 19, 2016, Jefferies said it Maintains its rating on Cisco Systems. In the research note, the firm Raises the price-target to $27.50 per share. The shares have been rated ‘Buy’ by the firm.

Cisco Systems (CSCO) shares turned negative on Fridays trading session with the shares closing down -0.11 points or -0.38% at a volume of 1,82,44,220. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.03. The peak price level was also seen at $29.03 while the days lowest was $28.77. Finally the shares closed at $29.03. The 52-week high of the shares is $29.49 while the 52-week low is $22.46. According to the latest information available, the market cap of the company is $146,013 M.

Cisco Systems(CSCO) last announced its earnings results on May 18, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $12.00B. Analysts had an estimated revenue of $11.97B. Earnings per share were $0.57. Analysts had estimated an EPS of $0.55.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Rebecca Jacoby (SVP & Chief of Operations) sold 90,000 shares at $28.97 per share price.Also, On May 27, 2016, John T Chambers (Executive Chairman) sold 541,667 shares at $28.94 per share price.On May 26, 2016, Pankaj Patel (EVP, Chief Development Officer) sold 125,000 shares at $28.60 per share price, according to the Form-4 filing with the securities and exchange commission.

Cisco System Inc. (Cisco) designs and sells lines of products provides services and delivers integrated solutions to develop and connect networks around the world building the Internet. The Company is engaged in designing manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. The Company operates its business through three segments: The Americas; Europe Middle East and Africa (EMEA) and Asia Pacific Japan and China (APJC). It groups its products and technologies into the various categories such as Switching Next-Generation Network (NGN) Routing Collaboration Service Provider Video Data Center Wireless Security and Other Products. In addition to its product offerings it provides a range of service offerings including technical support services and advanced services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *