Cisco Systems, Inc. (NASDAQ: CSCO) Is Either An Instant Disaster Or A Huge Opportunity.

In the last trading session, 27.41 million Cisco Systems, Inc. (NASDAQ:CSCO) shares changed hands as the company’s beta touched 0.90. With the company’s per share price at $48.27 changed hands at $0.51 or 1.08% during last session, the market valuation stood at $195.52B. CSCO’s last price was a discount, traded about -20.55% off its 52-week high of $58.19. The share price had its 52-week low at $45.56, which suggests the last value was 5.61% up since then. When we look at Cisco Systems, Inc.’s average trading volume, we note the 10-day average is 25.97 million shares, with the 3-month average coming to 17.77 million.

Analysts gave the Cisco Systems, Inc. (CSCO) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.52. If we narrow down to specifics, the data shows that 1 out of 23 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 15 recommended CSCO as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Cisco Systems, Inc.’s EPS for the current quarter is expected to be $0.77.

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Cisco Systems, Inc. (NASDAQ:CSCO) trade information

Instantly CSCO was in green as seen at the end of in last trading. With action -7.58%, the performance over the past five days has been red. The jump to weekly highs of 53.43 on Monday, 11/20/23 added 1.08% to the stock’s daily price. The company’s shares are showing year-to-date upside of 1.32%, with the 5-day performance at -7.58% in the red. However, in the 30-day time frame, Cisco Systems, Inc. (NASDAQ:CSCO) is -8.80% down. Looking at the short shares, we see there were 44.85 million shares sold at short interest cover period of 3.02 days.

The consensus price target for the stock as assigned by Wall Street analysts is $52.75, meaning bulls need an upside of 8.49% from its current market value. According to analyst projections, CSCO’s forecast low is $43.00 with $60.00 as the target high. To hit the forecast high, the stock’s price needs a -24.3% plunge from its current level, while the stock would need to tank 10.92% for it to hit the projected low.

Cisco Systems, Inc. (CSCO) estimates and forecasts

Data shows that the Cisco Systems, Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -1.13% over the past 6 months, a 3.60% in annual growth rate that is considerably lower than the industry average of 9.20%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Cisco Systems, Inc. will fall -12.50%, while the growth in revenue is estimated to hit -16.00% for the next quarter. Year-over-year growth is forecast to reach -7.70% down from the last financial year.

Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of $11.64 billion. 16 analysts are of the opinion that Cisco Systems, Inc.’s revenue for the quarter ending Apr 2024 will be $12.04 billion.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 173.71%. The 2023 estimates are for Cisco Systems, Inc. earnings to decrease by -0.24%, but the outlook for the next 5-year period is at 6.41% per year.

CSCO Dividends

Cisco Systems, Inc. is expected to release its next quarterly earnings report between February 13 and February 19. The 3.28% annual yield figure for the share gives it an annual dividend of 1.58. It is important to note, however, that the 3.28% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Cisco Systems, Inc. (NASDAQ:CSCO)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.08% of Cisco Systems, Inc. shares while 77.45% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.51%. There are 77.45% institutions holding the Cisco Systems, Inc. stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 9.47% of the shares, roughly 383.93 million CSCO shares worth $19.86 billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 8.57% or 347.57 million shares worth $17.98 billion as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 114.35 million shares estimated at $5.92 billion under it, the former controlled 2.82% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.40% of the shares, roughly 97.52 million shares worth around $5.05 billion.

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