Cisco Systems Inc. (NASDAQ:CSCO)’s traded shares stood at 47.55 million during the last session, with the company’s beta value hitting 0.98. At the close of trading, the stock’s price was $50.19, to imply an increase of 0.14% or $0.07 in intraday trading. The CSCO share’s 52-week high remains $56.94, putting it -13.45% down since that peak but still an impressive 23.09% since price per share fell to its 52-week low of $38.60. The company has a valuation of $206.63B, with an average of 16.5 million shares in intraday trading volume over the past 10 days and average of 17.34 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Cisco Systems Inc. (CSCO), translating to a mean rating of 2.40. Of 27 analyst(s) looking at the stock, 0 analyst(s) give CSCO a Sell rating. 2 of those analysts rate the stock as Overweight while 14 advise Hold as 11 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.85.
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Cisco Systems Inc. (NASDAQ:CSCO) trade information
After registering a 0.14% upside in the last session, Cisco Systems Inc. (CSCO) has traded red over the past five days. The stock hit a weekly high of 50.55 this Friday, 03/17/23, jumping 0.14% in its intraday price action. The 5-day price performance for the stock is 3.36%, and 3.59% over 30 days. With these gigs, the year-to-date price performance is 5.35%. Short interest in Cisco Systems Inc. (NASDAQ:CSCO) saw shorts transact 41.51 million shares and set a 2.31 days time to cover.
Analysts on Wall Street suggest a consensus price target of $57.47, implying an increase of 12.67% to the stock’s current value. The extremes give us $51.00 and $69.00 for target low and target high price respectively. As such, CSCO has been trading -37.48% off suggested target high and -1.61% from its likely low.
Cisco Systems Inc. (CSCO) estimates and forecasts
Looking at statistics comparing Cisco Systems Inc. share performance against respective industry, we note that the company has outperformed competitors. Cisco Systems Inc. (CSCO) shares are 15.94% up over the last 6 months, with its year-to-date growth rate higher than industry average at 11.90% against 6.70%. Revenue is forecast to grow 1.20% this quarter before jumping 2.30% for the next one. The rating firms project that company’s revenue will grow 5.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 18 analysts is $13.43 billion. Meanwhile, for the quarter ending Apr 2023, a total of 18 analyst(s) estimate revenue growth to $13.58 billion.Earnings reports from the last fiscal year show that sales brought in $12.72 billion and $12.84 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 5.60% before jumping 5.80% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 8.20% for the past 5-year period. While 2023 is set for a 12.70% return in earnings, projections for the next 5 years are at 7.32% annually.
Cisco Systems Inc. has its next earnings report out between May 16 and May 22. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Cisco Systems Inc. has a forward dividend ratio of 1.56, with the share yield ticking at 3.11% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Cisco Systems Inc. (NASDAQ:CSCO)’s Major holders
Cisco Systems Inc. insiders hold 0.08% of total outstanding shares, with institutional holders owning 76.21% of the shares at 76.27% float percentage. In total, 76.21% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 377.76 million shares (or 9.19% of shares), all amounting to roughly $15.11 billion.
The next major institution holding the largest number of shares is Blackrock Inc. with 343.86 million shares, or about 8.37% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $13.75 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Cisco Systems Inc. (CSCO) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 111.23 million shares. This is just over 2.71% of the total shares, with a market valuation of $4.45 billion. Data from the same date shows that the other fund manager holds a little less at 93.87 million, or 2.28% of the shares, all valued at about 3.75 billion.