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Institutional investors are boosting stakes in Cisco Systems despite its recent earnings miss.
Crux Wealth Advisors and several other institutional investors have recently bought or increased their stakes in Cisco Systems, Inc. (NASDAQ:CSCO).
The company reported earnings of $0.77 per share for the last quarter, missing analysts' estimates of $0.91.
Cisco Systems has a market cap of $228.08 billion and a consensus rating of "Moderate Buy" with a price target of $66.00.
The company also declared a quarterly dividend of $0.41, representing an annualized dividend of $1.64 and a dividend yield of 2.86%.
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Los inversores institucionales están aumentando las acciones en Cisco Systems a pesar de su reciente pérdida de ganancias.