In recent trading session, Cisco Systems Inc. (NASDAQ:CSCO) saw 5.06 million shares changing hands at last check today with its beta currently measuring 0.95. Company’s recent per share price level of $61.34 trading at -$0.16 or -0.26% at last check today assigns it a market valuation of $258.49B. That most recent trading price of CSCO’s stock is at a discount of -4.81% from its 52-week high price of $64.29 and is indicating a premium of 28.02% from its 52-week low price of $44.15. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 20.31 million shares which gives us an average trading volume of 20.85 million if we extend that period to 3-months.
For Cisco Systems Inc. (CSCO), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 28 analysts covering the stock, 0 rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 13 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.81 in the current quarter.
Cisco Systems Inc. (NASDAQ:CSCO) trade information
Upright in the red during last session for losing -0.26%, in the last five days CSCO remained trading in the green while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $61.34 price level, adding 2.36% to its value on the day. Cisco Systems Inc.’s shares saw a change of -2.95% in year-to-date performance and have moved 0.95% in past 5-day. Cisco Systems Inc. (NASDAQ:CSCO) showed a performance of 6.46% in past 30-days. Number of shares sold short was 51.72 million shares which calculate 1.93 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $63.10 to the stock, which implies a rise of 2.79% to its recent value today. Analysts have been projecting $54.00 as a low price target for the stock while placing it at a high target of $73.00. It follows that stock’s current price would drop -19.01% in reaching the projected high whereas dropping to the targeted low would mean a gain of 11.97% for stock’s current value.
Cisco Systems Inc. (CSCO) estimates and forecasts
Statistics highlight that Cisco Systems Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 14.53% of value to its shares in past 6 months, showing an annual growth rate of 6.21% while that of industry is 14.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 2.50% in the current quarter and calculating 4.80% increase in the next quarter. This year revenue growth is estimated to rise 5.90% from the last financial year’s standing.
21 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $12.64 billion for the same. And 21 analysts are in estimates of company making revenue of $13.3 billion in the next quarter that will end on Apr 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.40% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -5.20% while estimates for its earnings growth in next 5 years are of 6.55%.
Cisco Systems Inc. is more likely to be releasing its next quarterly report between February 07 and February 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.41%, the share has a forward dividend of 1.48 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.95%.
Cisco Systems Inc. (NASDAQ:CSCO)’s Major holders
Insiders are in possession of 0.07% of company’s total shares while institution are holding 75.00 percent of that, with stock having share float percentage of 75.06%. Investors also watch the number of corporate investors in a company very closely, which is 75.00% institutions for Cisco Systems Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CSCO for having 338.6 million shares of worth $18.43 billion. And as of Sep 29, 2021, it was holding 8.03% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 335.95 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 7.97% of outstanding shares, having a total worth of $18.29 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 107.2 million shares of worth $5.83 billion or 2.54% of the total outstanding shares. The later fund manager was in possession of 88.5 million shares on Sep 29, 2021, making its stake of worth around $4.82 billion in the company or a holder of 2.10% of company’s stock.