In its slow shift to software, network giant Cisco's revenue falls again


Sawtooth Solutions LLC now owns 52,068 shares of the network equipment provider's stock valued at $1,760,000 after buying an additional 10,426 shares during the period.

In other Cisco Systems news, SVP Karen Walker sold 7,802 shares of the stock in a transaction on Tuesday, June 13th. (NASDAQ:CSCO). Cibc Ww Markets owns 0.31% invested in Cisco Systems, Inc. $10.07M worth of Cisco Systems, Inc. Ltd. increased its stake in shares of Cisco Systems by 15.0% in the first quarter. The Investment Management Of Virginia Llc holds 156,381 shares with $3.49 million value, down from 185,806 last quarter. Banco Santander S.A. bought a new stake in shares of Cisco Systems during the fourth quarter worth $13,576,000.

Cisco reported its fiscal fourth-quarter earnings on Wednesday, with revenues slightly above analyst estimates. The stock saw a sharp drop in after hours trading and is still running under where it was last quarter.

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More notable recent Cisco Systems, Inc. He added that "for the first time ever" roughly 11% of Cisco's product revenue came from recurring offers, which jumped 40% year-over-year. In the final minutes of trading on Wednesday, shares hit $32.34, a rise of nearly 4 percent in the last 12 months. Over the last three months, the shares of the company have changed -6.44% and performed -0.68% over the last six months.

Tsp Capital Management Group Llc decreased its stake in Cisco Sys Inc (Prn) (CSCO) by 42.61% based on its latest 2016Q4 regulatory filing with the SEC. The institutional investor held 33,400 shares of the technology company at the end of 2016Q4, valued at $1.01 million, down from 58,200 at the end of the previous reported quarter. Cisco Systems also was the recipient of some unusual options trading activity on Tuesday.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, May 17th. However it has a net margin of 20.60%. During the same quarter in the prior year, the firm posted $0.57 EPS. The firm's revenue was down.5% on a year-over-year basis. Cisco said it expects fiscal first-quarter revenue to fall between 3% and 1% year-over-year, and GAAP per-share earnings of 48 cents to 53 cents and adjusted per-share earnings between 59 cents and 61 cents for the quarter. Acadian Asset Management Lc invested in 0.02% or 163,148 shares. This represents a $1.16 annualized dividend and a yield of 3.61%. (NASDAQ:CSCO) were released by: and their article: "The case for Microsoft" published on August 09, 2017 as well as's news article titled: "Cisco Can Double Its Current Dividend" with publication date: August 07, 2017. Cisco Systems's dividend payout ratio (DPR) is presently 58.29%.

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A number of equities analysts have recently weighed in on the stock.

Atlas Brown Inc. increased its position in shares of Cisco Systems, Inc. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Robert W. Baird reaffirmed a "buy" rating on shares of Cisco Systems in a report on Monday, May 1st. Fourteen equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Maxim Group has recently hiked its price target ahead of earnings, from $46 to $56 and upgraded their rating from hold to buy. Also, insider John T. Chambers sold 295,537 shares of Cisco Systems stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $31.71, for a total value of $2,943,956.40. Following the transaction, the senior vice president now directly owns 271,725 shares of the company's stock, valued at $8,616,399.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. It dived, as 81 investors sold CSCO shares while 635 reduced holdings. The disclosure for this sale can be found here. This was down from $12.6 billion past year. The stock declined 1.67% or $0.54 reaching $31.8 per share.

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