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Cisco Systems, Inc interest rate drop 9.9%

Cisco Systems, Inc. marked a sharp decline in short interest in December. Other reports stated there was a short interest amounting to 38,862,886 shares as of December 15th, which lost about 9.9% from the November 30th with a total share of 43,130,352. According to the average daily trading volume totalling 26,685,063 shares, the short-interest ratio is settled for a 1.5 day. Company shares were recently sold short for 0.8%. 

At the opening bell, shares traded at 27.38 on Friday. It posted a one-year low of $23.03 and a one-year high of $30.31. Cisco Systems, Inc had a record of $27.22 for its 50-day moving average and a $27.44 200-day moving average. The market cap of the firm stands at $138.98 billion along with a 14.56 price-to-earnings ratio.


The company last issued its financial earnings for the quarter on November 12th. It posted a quarterly earnings per share of $0.59, topping the consensus estimate of $0.56 by $0.03. Amid the same period prior year, the network equipment provider earned an EPS of $0.54. It registered a quarterly revenue of $12.68 billion, exceeding the expected estimate of $12.65 billion. It appears to hit an improvement of 3.6% on the company’s revenue for the quarter on a year-over-year basis. On average, Cisco Systems is expected to post an earnings per share of $2.27 for the current year. 

The company recently disclosed a dividend for the quarter and will be paid on January 20th. Shareholders of record on January 6th is settled to be given a dividend per share of $0.21, and the ex-dividend date is January 4th. It appears a dividend of $0.84 on an annual basis and a 3.07% dividend yield. 

Many analysts currently weigh in on the company’s stock. Vetr downgraded rating from a “strong-buy” to a “buy” and have given a price target of $30.50 for the company on November 23rd. BMO Capital Markets cut down their price objective from $34.00 to $33.00 and issued a rating of “outperform”  on November 13th. Piper Jaffray reiterated a rating of “overweight” and set a price target of $31.00, which previously went down from $34.00 on November 13th. On the other hand, the Deutsche Bank upgraded their price objective to $16.00 on November 13th. Lastly, Raymond James reissued a rating of “buy” on November 13th. 

Four analysts of which have issued rating on the stock with a sell rating, eight have given a rating of hold, and twenty-four have set a rating of buy on the company’s share. The average rating of the firm recently posted a “Buy” rating along with a $32.51 average price objective. 

On the November 18th transaction, SVP Mark D. Chandler sold 88,331 shares. The average price of the shares sold stand at $26.87 with a total transaction value of $2,373,453.97. After the acquisition, the senior vice president currently owns 228,959 shares of Cisco Systems, Inc with a value of $6,152,128.33.


The company disclosed its transaction with the Securities and Exchange Commission (SEC). Furthermore, on the December 18th transaction, EVP Chris Dedicoat sold 67,640 shares. The average price of the shares sold stand at $26.36 with a total transaction value of $1,782,990.40. Next to the completion, the executive vice president currently owns 378,053 shares of the company with a value of $9,965,477.08.

Tons of hedge funds and institutional investors have bought and sold the company’s stock. Lowe FS upgraded its position in the firm by 714.3% in the third quarter. It currently owns 570 shares with a value of $15,000 after buying an additional 500 shares in the previous quarter. Loge Solutions acquired a new position amid the third quarter amounting to $236,000. Palo Capital acquired as well a new position amid the third quarter totaling $494,000. Northcoast Asset Management acquired a new position during the third quarter about $3,255,000. Lastly, ING Groep increased its position during the third quarter and posted a 15.1%. It currently owns 3,578,748 shares of the firm with a value of $93,907,000 after buying an additional 469,636 shares in the previous quarter. 

As interest rates of Cisco Systems, Inc drops, tons of investors will likely watch out for signals about this company stock. You too can earn bigger profits and execute better trades here at Trade12 by reading the latest market updates on our official website, Striving to become the best forex broker for you, Trade12 reviews daily market events essential to your trading activities to help you develop a keen understanding of certain trends involving stocks, currencies, indices, commodities, and metals. With all the positive Trade12 feedback from clients, you will be assured that your trading account is safe and secured.

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