Cisco Systems, Inc., SunPower Corporation Shares Fall After Earnings

(CSCO) managed to surpass quarterly earnings per share estimates in 9 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 75%.

In terms of guidance for the fiscal third quarter, the company expects to see EPS in the range of $0.57 to $0.59 and revenues are expected to range between flat and down 2%. JP Morgan has been covering shares of CSCO, so it is most recent view is worth a look. The stock has a market cap of $169.39 billion and a P/E ratio of 16.146. Equity research analysts have given opinions on where they foresees the stock level. It has been assigned a low target price of $10 and a high target price of $25.

In recent action, Cisco Systems, Inc. The current share price indicate that stock is 1.58% away from its one year high and is moving 34.92% ahead of its 52-week low.

Company has reported several Insider transactions to the SEC, on Dec 23, 2016, Karen Walker (SVP & Chief Marketing Officer) sold 1,793 shares at 30.41 per share price.On Nov 28, 2016, John T Chambers (Executive Chairman) sold 250,000 shares at 29.72 per share price.On Nov 9, 2016, Brian Halla (director) sold 15,000 shares at 31.00 per share price. During the same quarter in the previous year, the firm posted $0.59 earnings per share.

SunPower posted non-GAAP losses of 64 cents per share on $1 billion in GAAP revenue and $1.1 billion in non-GAAP sales for the fourth quarter.

Geographically, on a year-over-year basis, revenues from the Americas, EMEA and APJC declined 4%, 1% and 4%, respectively. EPS or Earning per Share stands at $2.1.

Cisco Systems, Incorporated is a worldwide leading Information Technology company which was founded in 1984 in San Francisco, California.

May 18, 2016: Cisco Systems, Inc. reported Q3 earnings of $0.57, beating consensus estimates of $0.55.

Cisco has also declared a quarterly dividend of $0.29 per common share, a three-cent increase over the previous quarter's dividend, to be paid on April 26, 2017 to all shareholders of record as of the close of business on April 6, 2017. The upped target suggests a potential upside of 0.13% based on the company's last closing price. Cisco Systems, Inc. (NASDAQ:CSCO)'s distance from 20 day simple moving average is 6.00% whereas its distance from 50 day simple moving average is 7.91% along with 10.56% distance from 200 day simple moving average.

In case of Revenue Estimates, 27 analysts have provided their consensus Average Revenue Estimates for Cisco Systems, 11.55 Billion. The company forecast for Q3 EPS surrounded the Street's estimate of $0.58. The correct version of this piece of content can be accessed at Cisco Systems has an average rating of "Buy" and a consensus target price of $32.77. BMO Capital Markets restated an outperform rating and set a $33.00 target price on shares of Cisco Systems in a report on Thursday, January 12th. Cisco Systems's dividend payout ratio (DPR) is now 49.52%. Following the sale, the senior vice president now directly owns 183,275 shares in the company, valued at approximately $5,573,392.75.

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world.