Published: Thu, February 16, 2017
Money | By Oscar Reynolds

Cullen Capital Management LLC Purchases 104520 Shares of Cisco Systems, Inc. (CSCO)

Cullen Capital Management LLC Purchases 104520 Shares of Cisco Systems, Inc. (CSCO)

Several investment firms issued their expert ratings on Cisco Systems, Inc. Cisco provides the broadest line of solutions for transporting data, voice and video within buildings, across campuses, or around the world. (NASDAQ:CSCO) surged 1.06% yesterday to close its trading session at $32.31.

Specifically, the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.55 is ranked lower than 88% of all comparable readings taken in the past year, meaning traders are more call-heavy than usual toward options expiring in three months or less. It recently traded in a range of $31.55-$32 at a volume of 26358448 shares. The current price change puts the market capitalization at $162.14 bln. Vetr raised Cisco Systems from a "hold" rating to a "buy" rating and set a $31.84 price target on the stock in a report on Wednesday, February 1st.

Similarly, first quarter service provider orders were down 12 percent versus 6 percent growth in the same quarter past year. Hermes Investment Management Ltd. raised its stake in Cisco Systems by 60.0% in the second quarter.

In the profitability analysis, net profit margin of the firm was recorded at 21.70% and operating profit margin was calculated at 25.50% while gross profit margin was measured as 63.40%. William Blair reaffirmed an outperform rating on shares of Cisco Systems in a report on Friday, December 16th. To assess the movement of stock we should look over what analysts have to say about the stock current performance. (NASDAQ:CSCO) where 8 analyst have rated the stock as Strong Buy, 13 analysts said it's a Buy, 13 rated the stock as Hold, 1 analysts reported Underperform and 0 analysts gave their recommendations as Sell. Looking at the past 52 week period, the stock price is up at 25.49%. The fiscal year 2016 current estimate trend was for $2.37 as compared to FY 2017 current Estimate trends of $2.49. (NASDAQ:CSCO) is projected at -1.8 percent in the Current Quarter and 1.8 percent in the Next Quarter, according to analysts. Earnings reaction history tells us that the equity price moved down 16 times out of last 28 reported quarters. RS Investment Management Co. Corporate insiders own 0.11% of the company's stock. And immediately on the next day after earnings announcement, the stock declined -0.79% and closed its trading session at $30.23. The High end of the Estimate is $12.8 Billion, while the Low end of the Estimate is $11.86 Billion. The stock hit its 52-Week High on Sep 2, 2016 and 52-Week Low on Feb 16, 2016. (NASDAQ:CSCO) is 1.19. The Average Volume (3 months) is 22.11 Million. The company has a total of 13.47 Million shares outstanding. Year to Date performance value (YTD perf) value is 7.83%. Beta for ZAIS Group Holdings, Inc. stands at 1.13 while its ATR (average true range) is 0.44. State Street Corp is the second biggest holder with 213 million shares now valued at 6.75 B million whilst BlackRock Fund Advisors has 191 million shares valued at 6.07 B million.

The stock's price switched up 3.96% 20-Days Simple Moving Average, added 5.50% from 50-Days Simple Moving Average and rose 7.88% from 200 Days Simple Moving Average.

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