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Cisco Systems, Inc. (CSCO): Ignore the noise and focus on the technicals

Cisco Systems, Inc. (CSCO): Ignore the noise and focus on the technicals

Hollencrest Llc holds 0.08% in Cisco Systems, Inc. For the last period, the company reported quarter over quarter EPS growth of -24.50% and quarter over quarter sales growth of -2.90%.

This upgrade comes less than a week after BMO downgraded the stock to market perform as it approached its $37 price target. The stock of Cisco Systems, Inc. TX's holdings, making the stock its 27th largest position. (NYSE:CRM). Here's a quick roundup of today's bullish brokerage notes on shares of SBUX, CSCO, and CRM.

Cisco Systems, Inc. shares decreased -2.73 percent over the past week and rose 2.54 percent over the previous month. Guinness Asset Management Ltd now owns 303,030 shares of the network equipment provider's stock worth $9,612,000 after buying an additional 23,230 shares during the last quarter. Asset Management One Co. Seven Eight Capital LP acquired a new stake in shares of Cisco Systems during the fourth quarter worth approximately $112,000. Finally, Northern Trust Corp boosted its stake in Cisco Systems by 1.1% in the third quarter. It also reduced its holding in Cincinnati Finl Corp (NASDAQ:CINF) by 151,880 shares in the quarter, leaving it with 1.25M shares, and cut its stake in Expedia Inc Del (NASDAQ:EXPE). Hedge funds and other institutional investors own 75.24% of the company's stock. Cisco Systems, Inc. has a one year low of $26.46 and a one year high of $34.60. Moreover, Greenwich Investment Management Inc. has 1.49% invested in the company for 62,104 shares. The Stock now has the market capitalization of $75.21 Billion, P/E (price to earnings ttm) of 43.03 and Weekly volatility of 4.58% and monthly volatility of 2.59% respectively.

Delcath Systems, Inc. (DCTH) stock price distance from twenty day simple moving average slumped at -42.15% while its distance from fifty day simple moving average declined -60.55% along with -97.99% below distance from two hundred simple moving averages.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 26th. Cowen & Co maintained the shares of CSCO in report on Thursday, August 18 with "Outperform" rating. (NASDAQ:CSCO) earned "Buy" rating by Deutsche Bank on Tuesday, April 11. On a consensus basis this yields to a Buy. Next Fincl Group Incorporated reported 0% of its portfolio in Cisco Systems, Inc. Cisco Systems's dividend payout ratio is presently 49.52%.

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North Korea claims its new long-range missile can carry heavy nuke
North Korea says Sunday's launch was of a new type of "medium long-range" ballistic rocket that can carry a heavy nuclear warhead. While North Korean's arsenal of missiles is becoming clearer, there is less certainty about how developed its nuclear program is.

North Korea Renews Accusation Of CIA Assassination Plot
Russian President Vladimir Putin said the missile test was "dangerous" but added that Pyongyang was being intimidated. Council diplomats say the US and China, the North's closest ally, have been working on a new sanctions resolution.

Liverpool: Reds will learn - Wijnaldum
Arsene Wenger, a target of abuse for much of the season, was even greeted with rapturous applause as he walked toward the fans. Third-to-last Hull will join Sunderland and Middlesbrough in being relegated if it loses at Crystal Palace on Sunday.

News headlines about Cisco Systems (NASDAQ:CSCO) have trended somewhat negative on Wednesday, Alpha One Sentiment reports.

Cisco Systems, Inc. was upgraded to "overweight" by analysts at Morgan Stanley. Buy rating has been given by 1 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 3 analysts given HOLD rating. The rating was maintained by RBC Capital Markets with "Outperform" on Friday, November 13.

Among 5 analysts covering Cisco Systems Inc. Cisco Systems Inc Prop now has $175.42 billion valuation.

Currently, the analyst consensus on Cisco Systems is Strong Buy and the average price target is $37.73, representing a 10.2% upside. $38.60's average target is 12.05% above currents $34.45 stock price. Corporate insiders own 0.11% of the company's stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

In related news, SVP Mark D. Chandler sold 16,000 shares of the firm's stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $34.27, for a total transaction of $537,079.44. Following the sale, the senior vice president now directly owns 77,174 shares in the company, valued at $2,644,752.98. In the last 90 days, insiders have sold 371,807 shares of company stock valued at $12,668,893.

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