During the last session, Cisco Systems, Inc. (NASDAQ:CSCO)’s traded shares were 17.1 million, with the beta value of the company hitting 0.85. At the end of the trading day, the stock’s price was $48.11, reflecting an intraday loss of -1.29% or -$0.63. The 52-week high for the CSCO share is $58.19, that puts it down -20.95 from that peak though still a striking 5.3% gain since the share price plummeted to a 52-week low of $45.56. The company’s market capitalization is $194.81B, and the average intraday trading volume over the past 10 days was 17.88 million shares, and the average trade volume was 19.82 million shares over the past three months.
Cisco Systems, Inc. (NASDAQ:CSCO) trade information
Cisco Systems, Inc. (CSCO) registered a -1.29% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.29% in intraday trading to $48.11, hitting a weekly high. The stock’s 5-day price performance is -3.34%, and it has moved by -1.72% in 30 days. Based on these gigs, the overall price performance for the year is -8.03%. The short interest in Cisco Systems, Inc. (NASDAQ:CSCO) is 44.28 million shares and it means that shorts have 2.03 day(s) to cover.
Cisco Systems, Inc. (CSCO) estimates and forecasts
Statistics show that Cisco Systems, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Cisco Systems, Inc. (CSCO) shares have gone down -10.33% during the last six months, with a year-to-date growth rate less than the industry average at -4.63% against 10.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -16.00% this quarter and then drop -19.40% in the quarter after that. In the rating firms’ projections, revenue will decrease -9.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $11.46 billion as predicted by 18 analyst(s). Meanwhile, a consensus of 18 analyst(s) estimates revenue growth to $11.85 billion by the end of Jul 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 173.71%. While earnings are projected to return -4.74% in 2024, the next five years will return 4.14% per annum.
CSCO Dividends
Cisco Systems, Inc. is due to release its next quarterly earnings on May 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Cisco Systems, Inc. is 1.96, with the dividend yield indicating at 4.07 percent, continuing the trend of increasing dividends in recent years.
Cisco Systems, Inc. (NASDAQ:CSCO)’s Major holders
Cisco Systems, Inc. insiders own 0.06% of total outstanding shares while institutional holders control 78.05%, with the float percentage being 78.10%. Vanguard Group Inc is the largest shareholder of the company, while 4,015 institutions own stock in it. As of Jun 29, 2023, the company held over 383.93 million shares (or 9.47% of all shares), a total value of $19.86 billion in shares.
The next largest institutional holding, with 347.57 million shares, is of Blackrock Inc.’s that is approximately 8.57% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $17.98 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Cisco Systems, Inc. (CSCO) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 114.35 million shares. This amounts to just over 2.82 percent of the company’s overall shares, with a $5.92 billion market value. The same data shows that the other fund manager holds slightly less at 97.52 million, or about 2.40% of the stock, which is worth about $5.05 billion.
