Cisco Systems, Inc. (NASDAQ:CSCO) [Trend Analysis] knocking active thrust in leading trading session, shares an advance of 1.06% to 32.31 with around 31.44 Million shares have changed hands in this session.
Cisco’s core business continues to struggle, but analysts say it’s too early to give up on the stock even as the company works through a lengthy transition that’s included five straight quarters of shrinking revenue. The analysts issued cautiously optimistic notes to clients following the company’s slightly better-than-expected earnings out. The notes largely assured investors that Cisco remains on track, despite major declines in its core switching and router businesses. “We maintain our outperform rating on Cisco, with ongoing challenges leading sales estimates lower but cost control and stable margin aiding EPS,” wrote Raymond James analyst Simon Leopold.
Wunderlich analysts kept their hold rating on the stock and said they were boosting their price target slightly to reflect “prospects for more long-term growth.” J.P. Morgan analyst Rod Hall, who reiterated a neutral rating, said he slightly surged his price target to reflect slightly better-than-expected earnings, but cautioned that the recent stock run up has been largely due to the belief that President Donald Trump will overhaul tax rules.
Lets us look over what analysts have to say about performance of the CSCO. Starting with EPS for the final quarter of this year. EPS is usually the indicator of profitability for the company. According to WSJ analysis, the Q4 2016 current estimates trends were for $0.58 as compared to the next year Q1 current trend of $0.62. While on annual basis the current EPS estimates trend for FY 2017 came in for $2.49 as compared to three months ago $2.49.
The stock prices target chart showed high target of 40 kept by analysts at WSJ while the average price target was for 34.52 as compared to current price of 33.60. Somehow, the stock managed to gain BUY ratings by 16 analysts in current tenure as 3 analysts having overweight ratings, 13 recommend as HOLD and 1 gave it as a SELL security for current period. Overall, the consensus ratings were for Overweight by the pool of analysts.
The stock is going forward its fifty-two week low with 32.83% and lagging behind from its 52-week high price with 0.97%. Similar, the positive performance for the quarter recorded as 3.91% and for the year was 29.49%, while the YTD performance remained at 7.83%. CSCO has Average True Range for 14 days of 0.37.
Shares of Seagate Technology plc (NASDAQ:STX) [Trend Analysis] swings enthusiastically in regular trading session, it a gain of 0.10% to close at $47.85. Finally to see some strong financial remarks by WSJ over STX performance. Out of the pool of analysts 7 gave their BUY ratings on the stock in previous month as 6 analysts having BUY in current month. The stock was ranked as Underweight by 2 analysts while 1 analyst gave SELL rank. Majority ranked Hold from the pool of analysts.
The next year first quarter EPS estimates trend for current period shows $1.06 while one month ago this estimate trend was for $0.86. EPS indicator shows the robustness of the stock and its analysis opens up the clear picture of company’s profitability. On annual basis of EPS, FY 2017 Estimate Trends at current were for $4.51 and for the one month was for $3.85 as compared to three months ago was for $3.69. Whereas, STX received highest price target of 56 and low target of 32. The stock price target chart showed average price target of 45.38 as compared to current price of 47.57.
Moving forward to saw long-term intention, the experts calculate Return on Investment of 7.40%. The stock is going forward its fifty-two week low with 168.68% and lagging behind from its 52-week high price with -0.48%. STX last month stock price volatility remained 3.16%.