Global Assets Advisory LLC recently acquired 67,004 shares of Cisco Systems, Inc. during the first quarter, adding to their total holdings in the network equipment provider. This acquisition was valued at approximately $3,344,000. Other hedge funds such as Valued Wealth Advisors LLC and Delos Wealth Advisors LLC have also increased their stakes in Cisco Systems in recent quarters.
Cisco Systems’ operations saw a 0.0% decrease recently, with the company posting $0.88 earnings per share for the quarter. This exceeded analysts’ expectations and indicated a strong performance for the networking equipment provider. The company had revenue of $12.70 billion for the quarter, showing a decrease compared to the same period last year.
Cisco Systems also announced a quarterly dividend to be paid to shareholders, further demonstrating the company’s commitment to returning value to investors. Several Wall Street analysts have shared their forecasts for growth, with a consensus price target of $56.47 for Cisco Systems’ stock.
In terms of internal transactions, senior executives at Cisco Systems, including SVP Maria Victoria Wong and CEO Carlos Robbins, have recently sold shares of the company’s stock. These transactions were disclosed in filings with the Securities and Exchange Commission and indicate movement within the company’s leadership.
Cisco Systems, Inc. designs, manufactures, and sells Internet protocol-based networks and related products, serving regions across the globe. The company’s product portfolio includes switching, routing, wireless, and computing solutions that aim to provide secure and reliable connectivity.
Overall, Cisco Systems’ recent financial performance and strategic moves indicate a positive outlook for the company, with potential for continued growth in the future. Investors and analysts are closely monitoring developments within the company to assess its long-term prospects in the market.
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https://www.defenseworld.net/2024/06/25/67004-shares-in-cisco-systems-inc-nasdaqcsco-bought-by-global-assets-advisory-llc.html