Cisco Systems, Inc. (CSCO) Sets 52-Week High; Strong Momentum for Holders

January 21, 2018 - By Hazel Jackson

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.16, from 1.18 in 2017Q2. It worsened, as 74 investors sold Cisco Systems, Inc. shares while 637 reduced holdings. 107 funds opened positions while 619 raised stakes. 3.60 billion shares or 0.03% more from 3.60 billion shares in 2017Q2 were reported.
Alpine Glob Mngmt Ltd holds 0.37% or 37,905 shares. Northstar Invest Advsr Ltd Liability Com accumulated 262,551 shares. Fuller & Thaler Asset Management has invested 0.01% in Cisco Systems, Inc. (NASDAQ:CSCO). Old Mutual Global Invsts (Uk) Ltd invested in 0.07% or 206,528 shares. Brown Advisory Ltd reported 90,100 shares stake. Whittier Of Nevada Inc, a Nevada-based fund reported 191,888 shares. Robecosam Ag reported 0.79% stake. Leisure Capital Mngmt invested 0.22% in Cisco Systems, Inc. (NASDAQ:CSCO). Lenox Wealth Advsr Inc has 13 shares for 0% of their portfolio. Pnc Financial Services Gru owns 13.69M shares. Comml Bank reported 156,393 shares. Sterling Mngmt Limited Liability Corp owns 2.97 million shares for 0.94% of their portfolio. Burke And Herbert Commercial Bank And Trust holds 27,775 shares. Chickasaw accumulated 0.01% or 9,050 shares. Bancshares Of Ny Mellon Corporation holds 1.01% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO) for 109.03M shares.

Since August 23, 2017, it had 0 buys, and 7 insider sales for $23.51 million activity. The insider CHANDLER MARK D sold $2.11 million. Shares for $7.79 million were sold by CHAMBERS JOHN T on Wednesday, August 23. BHATT PRAT also sold $821,900 worth of Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, September 11. $740,883 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by Walker Karen. 200,000 Cisco Systems, Inc. (NASDAQ:CSCO) shares with value of $7.59M were sold by BARTZ CAROL. MCGEARY RODERICK C also sold $578,740 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares.

The stock of Cisco Systems, Inc. (NASDAQ:CSCO) hit a new 52-week high and has $42.94 target or 4.00 % above today’s $41.29 share price. The 7 months bullish chart indicates low risk for the $204.12 billion company. The 1-year high was reported on Jan, 21 by Barchart.com. If the $42.94 price target is reached, the company will be worth $8.16 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.02% or $0.01 during the last trading session, reaching $41.29. About 24.58M shares traded or 17.89% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since January 21, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on February, 21. They expect $0.53 EPS, 0.00 % or $0.00 from last year’s $0.53 per share. CSCO’s profit will be $2.62 billion for 19.48 P/E if the $0.53 EPS becomes a reality. After $0.55 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts -3.64 % negative EPS growth.

Cisco Systems, Inc. (NASDAQ:CSCO) Ratings Coverage

Among 37 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 24 have Buy rating, 0 Sell and 13 Hold. Therefore 65% are positive. Cisco Systems Inc. has $160 highest and $16 lowest target. $36.91’s average target is -10.61% below currents $41.29 stock price. Cisco Systems Inc. had 136 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Hold” rating by BMO Capital Markets on Wednesday, June 28. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Friday, October 9 by Drexel Hamilton. The company was maintained on Tuesday, August 9 by Citigroup. OTR Global downgraded the stock to “Mixed” rating in Monday, October 31 report. The stock has “Buy” rating by Oppenheimer on Wednesday, June 21. The rating was maintained by Citigroup with “Buy” on Thursday, August 18. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, August 18. Jefferies maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Friday, June 30. Jefferies has “Buy” rating and $3700 target. William Blair maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, June 29 with “Buy” rating. RBC Capital Markets maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Monday, November 13. RBC Capital Markets has “Buy” rating and $36.0 target.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Fool.com which released: “Is Cisco Systems Inc’s Stock Getting Overvalued?” on December 26, 2017, also Fool.com with their article: “Is Cisco Systems, Inc. a Buy in 2018?” published on January 20, 2018, Seekingalpha.com published: “Cisco: What’s The Next Dividend Going To Be Like?” on January 15, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Investorplace.com and their article: “Cisco Systems, Inc. Stock Has Room to Grow Despite Massive Rally” published on January 10, 2018 as well as Fool.com‘s news article titled: “Here’s How Cisco Systems, Inc. Crushed It in 2017” with publication date: January 04, 2018.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company has market cap of $204.12 billion. The firm offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. It has a 21.51 P/E ratio. 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.

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