In last trading session, Cisco Systems, Inc. (NASDAQ:CSCO) saw 17.44 million shares changing hands with its beta currently measuring 0.82. Company’s recent per share price level of $56.76 trading at $0.36 or 0.64% at ring of the bell on the day assigns it a market valuation of $226.51B. That closing price of CSCO’s stock is at a premium of 0.32% from its 52-week high price of $56.58 and is indicating a premium of 21.6% 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 15.0 million shares which gives us an average trading volume of 18.31 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 2.32. 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 0.87 in the current quarter.
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Cisco Systems, Inc. (NASDAQ:CSCO) trade information
Upright in the green during last session for gaining 0.64%, in the last five days CSCO remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $56.76 price level, adding 0.19% to its value on the day. Cisco Systems, Inc.’s shares saw a change of 12.35% in year-to-date performance and have moved 4.63% in past 5-day. Cisco Systems, Inc. (NASDAQ:CSCO) showed a performance of 10.34% in past 30-days. Number of shares sold short was 48.43 million shares which calculate 2.72 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 2.14% to its current value. 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 22.48% in reaching the projected high whereas dropping to the targeted low would mean a gain of 22.48% 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 added 17.47% of value to its shares in past 6 months, showing an annual growth rate of -4.56% while that of industry is 19.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 3.90% from the last financial year’s standing.
15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 13.77B for the same. And 15 analysts are in estimates of company making revenue of 13.76B 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 -0.54% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -4.21% while estimates for its earnings growth in next 5 years are of 3.79%.
CSCO Dividends
Cisco Systems, Inc. is more likely to be releasing its next quarterly report on 2024-Nov-13 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 2.80%, the share has a forward dividend of 1.59 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 0.06% of company’s total shares while institution are holding 79.38 percent of that, with stock having share float percentage of 79.43%. Investors also watch the number of corporate investors in a company very closely, which is 79.38% 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 386.35 million shares of worth $18.36 billion. And as of 2024-06-30, it was holding 9.5584 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 354.83 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.7787 of outstanding shares, having a total worth of $16.86 billion.
