In recent trading session, Cisco Systems, Inc. (NASDAQ:CSCO) saw 19.6 million shares changing hands at last check today with its beta currently measuring 0.83. Company’s recent per share price level of $48.99 trading at $3.55 or 7.82% at last check today assigns it a market valuation of $197.38B. That most recent trading price of CSCO’s stock is at a discount of -18.78% from its 52-week high price of $58.19 and is indicating a premium of 9.17% from its 52-week low price of $44.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 22.26 million shares which gives us an average trading volume of 21.05 million if we extend that period to 3-months.
For Cisco Systems, Inc. (CSCO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.54. Splitting up the data highlights that, out of 24 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 12 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 0.85 in the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Cisco Systems, Inc. (NASDAQ:CSCO) trade information
Upright in the green today for gaining 7.82%, in the last five days CSCO remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $48.99 price level, adding 2.57% to its value on the day. Cisco Systems, Inc.’s shares saw a change of -3.02% in year-to-date performance and have moved 6.90% in past 5-day. Cisco Systems, Inc. (NASDAQ:CSCO) showed a performance of 0.97% in past 30-days. Number of shares sold short was 52.56 million shares which calculate 2.87 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 58 to the stock, which implies a rise of 15.53% to its recent value today. Analysts have been projecting 44 as a low price target for the stock while placing it at a high target of 160. It follows that stock’s current price would jump 10.19% in reaching the projected high whereas dropping to the targeted low would mean a gain of 10.19% 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 lost -2.56% of value to its shares in past 6 months, showing an annual growth rate of -5.09% while that of industry is 2.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 3.40% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 13.65B for the same. And 16 analysts are in estimates of company making revenue of 13.68B in the next quarter.
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 173.71% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -4.18% while estimates for its earnings growth in next 5 years are of 1.67%.
CSCO Dividends
Cisco Systems, Inc. is more likely to be releasing its next quarterly report in September 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 3.22%, the share has a forward dividend of 1.58 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.07%.
Cisco Systems, Inc. (NASDAQ:CSCO)’s Major holders
Insiders are in possession of 0.05% of company’s total shares while institution are holding 78.59 percent of that, with stock having share float percentage of 78.62%. Investors also watch the number of corporate investors in a company very closely, which is 78.59% institutions for Cisco Systems, Inc. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at CSCO for having 384.2 million shares of worth $19.18 billion. And as of 2024-03-31, it was holding 9.5053 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 350.29 million shares on 2024-03-31. The number of shares represents firm’s hold over 8.6662 of outstanding shares, having a total worth of $17.48 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 Mar 31, 2024, the former fund manager was holding 114.48 shares of worth $5.58 billion or 2.84% of the total outstanding shares. The later fund manager was in possession of 102.4 shares on Mar 31, 2024, making its stake of worth around $4.99 billion in the company or a holder of 2.54% of company’s stock.
