|Bid||46.43 x 4000|
|Ask||46.44 x 800|
|Day's Range||46.13 - 46.75|
|52 Week Range||35.81 - 49.47|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||2,326.75|
|Earnings Date||Feb 12, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||1.32 (2.89%)|
|1y Target Est||51.44|
Cisco (CSCO) announced its results for the first quarter of fiscal 2019, which ended in October 2018, on Wednesday, November 14. The stock rose 5% in after-hours trading on Wednesday, as the tech giant beat earnings and revenue estimates. Cisco generated Q1 revenues of $13.07 billion, an increase of 7.7% YoY. This rise represented the fourth consecutive quarter of YoY revenue growth, following eight consecutive quarters of decline. Wall Street was expecting revenue of $12.87 billion.
Of the 29 analysts covering Cisco Systems (CSCO), 20 have recommended the stock with a “buy” rating while nine have rated the stock a “hold.” None of the analysts have a “sell” rating on the stock. Cisco was trading at $44.33 as of November 14, a 14.75% discount to its consensus median target estimate. Cisco reported better-than-expected first-quarter numbers on November 14 after the market bell.
Bearish investors have had a list of concerns about Cisco Systems Inc. but on Wednesday, the networking giant seemed to tick off many items on those lists, and knock them down, one by one.
Investing.com - Wall Street clawed back from early weakness Thursday, snapping a four-day losing streak, as renewed optimism on trade encouraged traders to resume bullish bets on stocks.
Cisco (CSCO) ended the first quarter of fiscal 2019 with an operating cash flow of $3.8 billion, which includes the receipt of $0.4 billion relating to a litigation settlement with Arista Networks. Cash flow from operations increased 22% year-over-year in the quarter. Cash and cash equivalents were $8.4 billion at the end of October 2018, compared with $8.9 billion at the end of July 2018. The company’s long-term debt fell to $18.3 billion at the end of October 27 from $20.3 billion at the end of July 28.
U.S. stocks rose on Thursday on optimism the United States and China could resolve their trade dispute, after a news report said Washington would pause further tariffs on Chinese imports. Wall Street's ...
fell 2% even after after the world's largest retailer posted stronger-than-expected third-quarter earnings and raised earnings guidance for its next fiscal year. Stocks ended higher on Thursday, Nov. 15, shrugging off mixed earnings from retail giant Walmart Inc. Meanwhile, Federal Reserve Chairman Jerome Powell told an audience in Dallas Wednesday that he was "very happy about the state of the economy," noting low unemployment rates and growth around 3%.