In today’s recent session, 3.22 million shares of the Cisco Systems, Inc. (NASDAQ:CSCO) have been traded, and its beta is 0.82. Most recently the company’s share price was $49.95, and it changed around -$0.76 or -1.50% from the last close, which brings the market valuation of the company to $201.24B. CSCO at last check was trading at a discount to its 52-week high of $58.19, offering almost -16.5% off that amount. The share price’s 52-week low was $44.50, which indicates that the recent value has risen by an impressive 10.91% since then. We note from Cisco Systems, Inc.’s average daily trading volume that its 10-day average is 21.83 million shares, with the 3-month average coming to 20.45 million.
Cisco Systems, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2.43. If we narrow it down even further, the data shows that 0 out of 27 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 8 recommended CSCO as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Cisco Systems, Inc. is expected to report earnings per share of 0.87 for the current quarter.
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Cisco Systems, Inc. (NASDAQ:CSCO) trade information
Instantly CSCO has been showing red trend so far today with a performance of -1.50% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 51.01 on recent trading dayincreased the stock’s daily price by 2.08%. The company’s shares are currently down -1.13% year-to-date, but still down -0.99% over the last five days. On the other hand, Cisco Systems, Inc. (NASDAQ:CSCO) is 3.76% up in the 30-day period. We can see from the shorts that 52.04 million shares have been sold at a short interest cover period of 2.42 day(s).
The consensus price target as assigned by Wall Street analysts is $58, which translates to bulls needing to increase their stock price by 13.88% from its current value. Analyst projections state that CSCO is forecast to be at a low of $44 and a high of $160.
Cisco Systems, Inc. (CSCO) estimates and forecasts
Cisco Systems, Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 3.93 percent over the past six months and at a -4.83% annual growth rate that is well below the industry average of 15.80%. The year-over-year growth rate is expected to be 3.80%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of 13.77B in revenue for the current quarter. 17 analysts expect Cisco Systems, Inc. to make 13.78B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were nan and nan respectively. Forecasts for the next quarter put sales growth at nan.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.54%. Cisco Systems, Inc. earnings are expected to increase by -4.06% in 2024, but the outlook is positive 4.03% per year for the next five years.
CSCO Dividends
Cisco Systems, Inc.’s next quarterly earnings report is expected to be released on 2024-Nov-13. The annual dividend yield of the stock is 3.16 percent and its annual dividend per share was 1.58. It is important to note, however, that the 3.16% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.07 per year.
Cisco Systems, Inc. (NASDAQ:CSCO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.04% of Cisco Systems, Inc. shares, and 78.79% of them are in the hands of institutional investors. The stock currently has a share float of 78.82%. Cisco Systems, Inc. stock is held by 3905.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.5584% of the shares, which is about 386.35 million shares worth $18.36 billion.
BLACKROCK INC., with 8.7787% or 354.83 million shares worth $16.86 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Mar 31, 2024 . The former held 114.48 shares worth $5.71 billion, making up 2.84% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 103.93 shares worth around $5.18 billion, which represents about 2.58% of the total shares outstanding.
