Regent Investment Management Has Lowered Cisco Systems (CSCO) Holding By $627,843; Boingo Wireless (WIFI)’s Sentiment Is 2.08

December 12, 2017 - By Winifred Garcia

Regent Investment Management Llc decreased Cisco Systems Inc (CSCO) stake by 25.98% reported in 2017Q2 SEC filing. Regent Investment Management Llc sold 20,253 shares as Cisco Systems Inc (CSCO)’s stock declined 7.50%. The Regent Investment Management Llc holds 57,717 shares with $1.81 million value, down from 77,970 last quarter. Cisco Systems Inc now has $187.69B valuation. The stock increased 0.01% or $0.005 during the last trading session, reaching $37.965. About 9.16 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since December 12, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Boingo Wireless, Inc., together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices. The company has market cap of $924.83 million. It designs, builds, monitors, and maintains distributed antenna systems , Wi-Fi, and small cell networks at managed and operated hotspot locations, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses in North America, Latin America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 1.5 million hotspots. It currently has negative earnings. The firm also provides Internet protocol television services for military servicemen and women living in the barracks of the United States army, air force, and military bases; and enables individuals to purchase Internet access at its managed and operated hotspots and select partner locations through month-to-month subscription and single-use access plans.

The stock increased 0.18% or $0.04 during the last trading session, reaching $22.67. About 182,229 shares traded. Boingo Wireless, Inc. (WIFI) has risen 132.10% since December 12, 2016 and is uptrending. It has outperformed by 115.40% the S&P500.

1492 Capital Management Llc holds 4.15% of its portfolio in Boingo Wireless, Inc. for 314,435 shares. S Squared Technology Llc owns 302,933 shares or 3.88% of their US portfolio. Moreover, Herald Investment Management Ltd has 3.38% invested in the company for 660,000 shares. The Massachusetts-based Portolan Capital Management Llc has invested 2.31% in the stock. Pembroke Management Ltd, a Quebec – Canada-based fund reported 1.53 million shares.

Analysts await Boingo Wireless, Inc. (NASDAQ:WIFI) to report earnings on March, 6. They expect $-0.11 earnings per share, 0.00% or $0.00 from last year’s $-0.11 per share. After $-0.09 actual earnings per share reported by Boingo Wireless, Inc. for the previous quarter, Wall Street now forecasts 22.22% negative EPS growth.

Regent Investment Management Llc increased Alphabet Inc. Class C stake by 506 shares to 6,929 valued at $6.30 million in 2017Q2. It also upped Jpmorgan Chase & Co (NYSE:JPM) stake by 5,358 shares and now owns 97,291 shares. Enbridge Inc F (NYSE:ENB) was raised too.

Among 37 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Cisco Systems Inc. had 131 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Overweight” rating given on Thursday, August 18 by Pacific Crest. On Tuesday, May 9 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. Drexel Hamilton maintained the stock with “Buy” rating in Thursday, June 29 report. The stock has “Hold” rating by BMO Capital Markets on Wednesday, November 15. The rating was maintained by Citigroup on Tuesday, August 9 with “Buy”. Morgan Stanley downgraded Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, August 17 to “Equal Weight” rating. Jefferies maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Friday, October 6. Jefferies has “Buy” rating and $37.0 target. Bernstein maintained it with “Buy” rating and $3800 target in Thursday, June 29 report. Nomura maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, June 29 with “Hold” rating. The rating was maintained by Morgan Stanley on Thursday, August 18 with “Equal-Weight”.

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