The services business for the company produced revenue of $31.6 billion, which came in below the $3.23 billion estimated by Wall Street. It increased, as 51 investors sold CSCO shares while 660 reduced holdings.
Cisco Systems Inc. gave an upbeat forecast for fiscal fourth-quarter sales, a signal of healthy demand for equipment and software that runs the internet and corporate networks.
DTF Tax-free Income Inc (DTF) investors sentiment decreased to 0.82 in Q4 2017. Dimensional Fund Advisors LP now owns 48,741,535 shares of the network equipment provider's stock valued at $1,639,089,000 after acquiring an additional 2,987,682 shares during the last quarter. The United Kingdom-based fund Edinburgh Partners Ltd have invested about 6.7% of the fund's stock portfolio in Cisco Systems Inc. Hays Advisory Llc sold 36,731 shares as Cisco Systems Inc (CSCO)'s stock rose 10.71%. The network equipment provider reported $0.63 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.59 by $0.04. It also provides collaboration products comprising unified communications products, conferencing products, collaboration endpoints, and business messaging products; data center products, such as blade and rack servers, series, fabric interconnects, and management software solutions; wireless products consisting of wireless access points, WLAN controllers, cloud and appliances based services, and integrated software services. (NASDAQ:CSCO). Sigma Planning Corporation reported 91,293 shares.
The S&P 500 index was up 11.01 points, or 0.41%, to 2,722.46.
Drw Securities Lc holds 0.28% or 69,288 shs. 214,145 are held by Guinness Atkinson Asset Mgmt Inc. Greenwood Gearhart owns 191,808 shs for 2.34% of their capital. Delphi Private Advisors LLC raised its stake in shares of Cisco Systems by 307.8% during the 4th quarter. (NASDAQ:CSCO). Wealthcare Capital Ltd Liability Corp holds 154 shs. The beta value of CSCO stands at 1.11. Teachers Insurance & Annuity Association Of America reported 0.91% stake. (NASDAQ:CSCO) stock has a volatility measurement of 1.28% for the week, with 2.05% volatility as observed from the past 30 days. Paloma Prns Mngmt Communications holds 392,395 shs or 0.2% of its capital. Goeckeler David also sold $940,559 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, December 14. This has been one of the top Dow Jones industrials stocks for most of 2018 so far, and while this momentum has been impressive, earnings need to be equally - or even more - impressive to keep investors satisfied. Virginia-based Thompson Davis & has invested 0.03% in Cisco Systems, Inc. Moreover, Opus Cap Grp Inc Limited Com has 0.24% invested in Cisco Systems, Inc. Diageo plc (NYSE:DEO) has risen 14.00% since May 17, 2017 and is uptrending.
CSCO had 5 insider sales and 0 insider buys since December 14, 2017. On Tuesday, February 20 Shares for $625,751 were sold by SARIN ARUN.
Shares of Cisco Systems traded down $1.64, reaching $43.52, during mid-day trading on Thursday, according to MarketBeat.com. Cisco Systems has a 12 month low of $45.14 and a 12 month high of $45.54. (NASDAQ:CSCO) shs were sold by MCGEARY RODERICK C. The Return on Equity ratio of Cisco Systems, Inc. "Buy" rating has 19, "Sell" are 0, while 4 are "Hold". (NASDAQ:CSCO) news were published by: 247Wallst.com which released: "Walmart, Cisco, Macy's and More Major Earnings Coming This Week" on May 13, 2018, also Seekingalpha.com with their article: "Is It Time To Sell Cisco?" published on May 16, 2018, Nasdaq.com published: "5 Potential Winners as US-China Trade Conflict Lingers" on May 16, 2018. (NASDAQ:CSCO). Delta Cap Management Limited reported 2.21% stake. In Sunday, February 11 report RBC Capital Markets maintained the stock with "Buy" rating.
Shares of CSCO stock opened at $45.16 on Thursday. (NASDAQ:CSCO) earned "Buy" rating by Cowen & Co. The company rating was maintained by BMO Capital Markets on Wednesday, February 14. Cisco Sys Inc Com now has $211.47 billion valuation. Deutsche Bank downgraded the shares of VFC in report on Tuesday, October 25 to "Hold" rating. Tarbox Family Office Inc. grew its position in shares of Cisco Systems by 67.9% during the 4th quarter. The rating was maintained by Wells Fargo on Thursday, February 15 with "Buy". Piper Jaffray maintained V.F. Corporation (NYSE:VFC) rating on Friday, January 26. Nomura upgraded Cisco Systems from a "neutral" rating to a "buy" rating and set a $33.00 price objective on the stock in a report on Monday, February 12th. The titles are as follows: "Cisco Completes Acquisition of Accompany" announced on May 10, 2018, "Cisco Still Holds Rank as Top Performing Dow Stock" on May 05, 2018, "Cisco Systems Remains Top-Performing Dow Stock" with a publish date: May 12, 2018, "Cisco Expects Another Quarter of Growth" and the last "Earnings Scheduled For May 16, 2018" with publication date: May 16, 2018.