Cisco Systems (NASDAQ:CSCO) Releases Q1 Earnings Guidance

Cisco Systems (NASDAQ:CSCO) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.86-0.88 for the period, compared to the consensus EPS estimate of $0.85. The company issued revenue guidance of $13.65-13.85 billion, compared to the consensus revenue estimate of $13.74 billion. Cisco Systems also updated its FY 2025 guidance to 3.520-3.580 EPS.

Analysts Set New Price Targets

Several brokerages recently weighed in on CSCO. StockNews.com downgraded shares of Cisco Systems from a buy rating to a hold rating in a research report on Thursday, May 23rd. BNP Paribas upgraded Cisco Systems from an underperform rating to a neutral rating and set a $50.00 price objective for the company in a research report on Monday, May 13th. JPMorgan Chase & Co. initiated coverage on Cisco Systems in a research report on Monday, April 22nd. They issued a neutral rating and a $53.00 target price on the stock. Wells Fargo & Company boosted their price target on Cisco Systems from $52.00 to $57.00 and gave the stock an equal weight rating in a research report on Thursday, May 16th. Finally, Needham & Company LLC reissued a hold rating on shares of Cisco Systems in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $56.47.

Cisco Systems Price Performance

Shares of CSCO traded up $0.07 during trading hours on Wednesday, hitting $45.44. 28,034,832 shares of the company were exchanged, compared to its average volume of 19,703,311. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.89 and a quick ratio of 0.82. The company has a market capitalization of $183.07 billion, a PE ratio of 15.35, a PEG ratio of 2.97 and a beta of 0.85. The firm has a fifty day simple moving average of $46.63 and a 200-day simple moving average of $47.94. Cisco Systems has a one year low of $44.50 and a one year high of $58.19.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. The business had revenue of $12.70 billion during the quarter, compared to analyst estimates of $12.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. Cisco Systems’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the company posted $0.88 EPS. As a group, sell-side analysts predict that Cisco Systems will post 3.14 earnings per share for the current year.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,619 shares of Cisco Systems stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $45.34, for a total transaction of $118,745.46. Following the transaction, the executive vice president now directly owns 176,384 shares in the company, valued at approximately $7,997,250.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Deborah L. Stahlkopf sold 2,619 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the sale, the executive vice president now owns 176,384 shares of the company’s stock, valued at $7,997,250.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Deborah L. Stahlkopf sold 8,016 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $48.24, for a total value of $386,691.84. Following the transaction, the executive vice president now directly owns 180,705 shares in the company, valued at $8,717,209.20. The disclosure for this sale can be found here. Insiders sold a total of 41,106 shares of company stock worth $1,908,923 over the last ninety days. 0.02% of the stock is currently owned by company insiders.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.