Looking at top Wall Street opinions, Cisco Systems, Inc. (NASDAQ: CSCO) has recently made its way into the research list of Morgan Stanley – signaling that their analyst’s rating adjustment is noteworthy. This stock was downgraded to a rating of Equal-Weight in the eyes of Morgan Stanley, whereas its previous rating was Overweight in the eyes of Morgan Stanley, as reported on Tuesday, February 12th, 2019. Another heavy-hitting research note was published by Nomura on Friday December 14th, 2018, with this firm downgrading CSCO to an updated rating of Neutral from its previous rating of Buy. In the past six months and three months of trading, shares of Cisco Systems, Inc. (CSCO) have moved by 12.14% and 12.00%, respectively.
Brokerage Updates Related to Cisco Systems, Inc. (CSCO) Stock
Not a Single analyst have given underperform rating or sell rating, and 11 have given a rating of Buy or better. Based on the 31 stock market experts following this company, the average 12-month price target is $54.96. Moreover, individual price targets range between $47.00-$65.00. With its recent move to $55.00, we can see that these firms project this stock will gain by 16.78% in one year.
Updates from Cisco Systems, Inc. (CSCO) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.10% rise since the beginning of the calendar year. A EVP, Networking and Security at Cisco Systems, Inc. (CSCO) sold off some of its shares in a transaction that was finalized on Mar 12. Similarly, Kramer Kelly A. sold 70,000 shares of the organization’s stock at $51.70 apiece and racked up $3,618,965 in earnings from the sale. Now, Kramer Kelly A. holds 420,696 shares of the company following the exchange. A EVP, LglSrvs & GenCnsl of the organization named CHANDLER MARK D, was engaged in a transaction that occurred on Feb 22 that managed to be worth $2,255,600 from the sale of 45,071 common shares at a price of $50.05 per individual share.
Cisco Systems, Inc. (NASDAQ:CSCO) Results in the Pipeline
The next scheduled release of financial results for Cisco Systems, Inc. will be for the Jan-19 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $0.72. In the same vein, they expect sales for the quarter to amount to $12,411.50 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $12,446.00 million in revenue alongside EPS at $0.73. On average, the analyst projection was calling for $13,072.00 million with $0.75 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $12,844.00 million, with earnings per share ending up at $0.70.
Applied Materials, Inc. (NASDAQ:AMAT) experienced a gain of 0.85% from the closing price in the previous trading day. That boost the price to $38.93 per share, as observed on March 14th, 2019, at a time when the total trading volume reached 9,486,590 shares of stock – compared to the typical average of 11.87M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $48.38.
Pricing Indications for Applied Materials, Inc. (AMAT)
This organization has had a price-to-earnings ratio of 9.69 in the last year. In the most recent trading session, the daily high was $39.825, bringing the per-share value 0.85% high its 52-week high and about -36.77% more expensive than its 52-week low. Meanwhile, it gained 37.58 from its observable 50-day simple moving average. Right at this moment, the per-share value is -3.00% lower than the mean per-share price over the last 200 days in the market.
Applied Materials, Inc. (NASDAQ:AMAT) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 6 have a Buy rating, 9 have an outperform rating, while 8 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 0 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 2.10, based on information from Thomson Reuters.
AMAT Stock Value Potential
In trading activity as of late, this stock’s value was 40.07 up from its 200 day moving average, while also 3.95% up when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $34.00-$65.00. The market value for the entire organization reached 37.26B. After the trading day started off at the price of $38.93, these shares nearly bottomed out at its low price of $38.7 and nearly peaked at $39.825 as its full-day high price. In the last trading session, the price ended the day at $38.60. The institutional holdings related to this organization account for 0.60%, and the Beta factor is now 1.62. This company’s RSI (Relative Strength Index) managed to hit 55.79.
Applied Materials, Inc. (NASDAQ:AMAT) Analyst Points of Focus
Applied Materials, Inc. (AMAT) has found itself inside of RBC Capital Mkts’s research list, so their analyst rating adjustment is worth taking note of. This stock was upgraded to Outperform, compared to its previous rating of Sector Perform by RBC Capital Mkts, as garnered from a news report on Tuesday January 29th, 2019. An additional helpful research note was sent out by Needham’s on Friday December 21st, 2018. The brokerage decided to initiated AMAT to Buy.