What’s Next for Cisco Systems, Inc. (CSCO) After Making 52-Week High?

January 23, 2018 - By Vivian Park

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It dived, 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.
Abner Herrman Brock Ltd Liability has 0.27% invested in Cisco Systems, Inc. (NASDAQ:CSCO). Parametric Port Assocs Ltd Liability Corporation has invested 0.52% in Cisco Systems, Inc. (NASDAQ:CSCO). Crestwood Grp Ltd Limited Liability Company owns 739,911 shares. Lodestar Invest Counsel Il stated it has 179,653 shares or 0.74% of all its holdings. Wellington Management Grp Limited Liability Partnership owns 93.02M shares for 0.72% of their portfolio. Schafer Cullen Mgmt stated it has 1.92% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Montana-based First Interstate Bank & Trust has invested 2.24% in Cisco Systems, Inc. (NASDAQ:CSCO). Miller Invest Mgmt Ltd Partnership accumulated 22,500 shares. Sand Hill Glob Ltd Liability holds 0.06% or 15,438 shares in its portfolio. American National Insurance Tx invested in 441,585 shares. The Nebraska-based Cls Invs Limited Liability Company has invested 0% in Cisco Systems, Inc. (NASDAQ:CSCO). Sns Gru Ltd Co stated it has 0.57% in Cisco Systems, Inc. (NASDAQ:CSCO). Trust Department Mb Savings Bank N A reported 0.07% stake. Fayerweather Charles invested 0.39% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Mount Vernon Assocs Md has invested 2.67% in Cisco Systems, Inc. (NASDAQ:CSCO).

Since August 23, 2017, it had 0 buys, and 7 insider sales for $23.51 million activity. 15,230 shares were sold by MCGEARY RODERICK C, worth $578,740. Another trade for 121,390 shares valued at $3.89 million was made by Robbins Charles on Monday, September 11. On Thursday, December 14 the insider BARTZ CAROL sold $7.59 million. Another trade for 65,000 shares valued at $2.11 million was made by CHANDLER MARK D on Monday, September 18. CHAMBERS JOHN T had sold 250,000 shares worth $7.79M on Wednesday, August 23. 23,110 shares were sold by Walker Karen, worth $740,883.

The stock of Cisco Systems, Inc. (NASDAQ:CSCO) hit a new 52-week high and has $45.71 target or 9.00 % above today’s $41.94 share price. The 6 months bullish chart indicates low risk for the $207.34 billion company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $45.71 price target is reached, the company will be worth $18.66 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 increased 0.67% or $0.28 during the last trading session, reaching $41.94. About 6.20M shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since January 23, 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 $2.62B for 19.78 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. had 136 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Drexel Hamilton on Thursday, June 29. The firm has “Buy” rating given on Wednesday, June 28 by Oppenheimer. Oppenheimer maintained it with “Buy” rating and $3600 target in Wednesday, June 14 report. The rating was upgraded by Jefferies to “Buy” on Thursday, February 11. As per Monday, August 15, the company rating was maintained by Barclays Capital. KeyBanc Capital Markets maintained it with “Buy” rating and $33.0 target in Wednesday, October 11 report. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, December 15. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by RBC Capital Markets on Tuesday, June 20. Pacific Crest maintained it with “Overweight” rating and $30 target in Wednesday, January 13 report. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Suntrust Robinson on Tuesday, November 24.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Cisco expands probe over exploits to nine more products” on January 19, 2018, also Fool.com with their article: “Here’s How Cisco Systems, Inc. Crushed It in 2017” published on January 04, 2018, Fool.com published: “Is Cisco Systems Inc’s Stock Getting Overvalued?” on December 26, 2017. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Livetradingnews.com and their article: “Cisco Systems, Inc (NASDAQ:CSCO) Stock Overbought” published on January 23, 2018 as well as Fool.com‘s news article titled: “Is Cisco Systems, Inc. a Buy in 2018?” with publication date: January 20, 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 $207.34 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 21.84 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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