Morgan Stanley reported on Monday that they have maintained
their rating for networking equipment giant, Cisco Systems, Inc.(
The firm reported that they have reaffirmed their "Overweight"
rating and $22 price target for CSCO. This price target suggests a
9% increase from the stock's current price of $19.90.
A Morgan Stanley analyst commented, "CEO Chambers was confident
and upbeat at Cisco's NYC analyst day, and focused on how services
and software help keep GM stable, while a tight grip on opex takes
op margin to the 'high 20s,' vs. current guidance of "mid-20s,"
matching our est. Stable rev, a 3%+ div yld, and reasonable val
keep us OW."
Cisco is a technology company which designs, manufactures, and
sells networking equipment. In its most recent quarter, CSCO
reported Q4 earnings of $1.92 billion, or 36 cents per share, and
revenue of $11.7 billion.
Cisco shares were up 12 cents, or 0.61% during premarket trading
Tuesday. The stock is up 9.46% YTD.
Cisco Dividend In Focus
Cisco paid out a
dividend of 14 cents per share in the last
, equaling a dividend yield of about 2.83%. The company increased
its quarterly dividend from 8 cents per share to 14 cents per share
in October. CSCO will pay its next dividend of 14 cents on December
19. The stock went ex-dividend on November 27. (view the
for information on all upcoming ex-dividend dates).
Recent Cisco dividends include:
October 24, 2012:
July 25, 2012:
April 25, 2012:
Since Cisco began paying dividends in 2011, they have slowly
been increasing payout amounts, raising payout ratios:
Cisco vs. The Competition
Dividend.com has identified Hewlett Packard(
) and IBM Corp(
) as direct competitors of Cisco. CSCO ranks below HPQ in dividend
yield, but was rated higher on the Dividend.com DARS™ rating
system. IBM ranks higher on the Dividend.com DARS™ rating system,
but falls below CSCO with its dividend yield.
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Cisco Systems, Inc.(
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.2 out of 5 stars.
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Best Dividend Stocks
, as well as a detailed explanation of
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