Several research analysts from Wall Street have forecasted that the stocks of CSCO will be reporting a sales sum of $13.04 billion. According to a report, eight of the investment analysts have already issued estimates into the earnings of the company. The highest range has come at $13.09 billion, with the lowest coming in at $13 billion. The previous year saw the company putting up a quarterly sales sum of $12.15 billion, which suggests an annual increase of 7.3%. The firm will be putting up its next quarterly reports on the 11th of August.
The Quarterly Reports Of CSCO
CSCO previously updated its quarterly report on the 18th of May. The provider of network equipment reported an EPS of $0.80 for the quarter, which was more than the consensus estimate of $0.82. The return on equity for the company was 31.12%, with a net margin set at 20.92%. The revenue generated by the company during this period was $12.80 billion, which was more than the consensus estimate of $12.57 billion.
There have been quite a few research equities that have commented on the stocks of CSCO. Robert W. Baird has already put up a rating of hold in an 11th May research report. DZ Bank has also put up a rating of hold with a price target of $51 in a 27th May research report. The Goldman Sachs Group has increased the rating from neutral to buy with a price target increased from $50 to $59 in a 25th March research report. Currently, the stocks of the company have a hold rating with a
$51.85 price target.
The stocks of CSCO traded on Friday at $54.77. The year low of the company is $35.28, with a year high of around $55.35. The market cap of the company is $230.81 billion, with a 22.73 PE ratio, along with a 3.02 PEG ratio.
