In the last trading session, 1.69 million Cisco Systems, Inc. (NASDAQ:CSCO) shares changed hands as the company’s beta touched 0.82. With the company’s per share price at $52.54 changed hands at -$0.2 or -0.37% during last session, the market valuation stood at $209.69B. CSCO’s last price was a discount, traded about -3.88% off its 52-week high of $54.58. The share price had its 52-week low at $44.50, which suggests the last value was 15.3% up since then. When we look at Cisco Systems, Inc.’s average trading volume, we note the 10-day average is 20.7 million shares, with the 3-month average coming to 19.01 million.

Analysts gave the Cisco Systems, Inc. (CSCO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.39. If we narrow down to specifics, the data shows that 0 out of 24 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 12 recommended CSCO as a Hold, 12 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 0.87.

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

Instantly CSCO was in red as seen at the end of in last trading. With action -0.20%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 4.01%, with the 5-day performance at -0.20% in the red. However, in the 30-day time frame, Cisco Systems, Inc. (NASDAQ:CSCO) is 4.96% up. Looking at the short shares, we see there were 52.15 million shares sold at short interest cover period of 2.83 days.

The consensus price target for the stock as assigned by Wall Street analysts is 58, meaning bulls need an upside of 9.41% from its current market value. According to analyst projections, CSCO’s forecast low is 44 with 160 as the target high. To hit the forecast high, the stock’s price needs a -204.53% plunge from its current level, while the stock would need to tank 16.25% for it to hit the projected low.

Cisco Systems, Inc. (CSCO) estimates and forecasts

Year-over-year growth is forecast to reach 3.90% up from the last financial year.

Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 13.77B. 15 analysts are of the opinion that Cisco Systems, Inc.’s revenue for the current quarter will be 13.76B.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.54%. The 2024 estimates are for Cisco Systems, Inc. earnings to decrease by -4.28%, but the outlook for the next 5-year period is at 4.03% per year.

CSCO Dividends

Cisco Systems, Inc. is expected to release its next quarterly earnings report on 2024-Nov-13. The 3.01% annual yield figure for the share gives it an annual dividend of 1.58. It is important to note, however, that the 3.01% 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. During the past 5 years, the average dividend yield was 3.07 per year.

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

If we look at who the major shareholders are, we find that insiders hold 0.06% of Cisco Systems, Inc. shares while 79.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.56%. There are 79.51% institutions holding the Cisco Systems, Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.5584% of the shares, roughly 386.35 million CSCO shares worth $18.36 billion.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.7787% or 354.83 million shares worth $16.86 billion as of 2024-06-30.