Cisco Systems, Inc. (NASDAQ:CSCO)’s traded shares stood at 1.04 million during the latest session, with the company’s beta value hitting 0.82. At the last check today, the stock’s price was $56.47, to imply an increase of 0.91% or $0.51 in intraday trading. The CSCO share’s 52-week high remains $57.06, putting it -1.04% down since that peak but still an impressive 21.2% since price per share fell to its 52-week low of $44.50. The company has a valuation of $225.09B, with an average of 17.51 million shares in intraday trading volume over the past 10 days and average of 18.03 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Cisco Systems, Inc. (CSCO), translating to a mean rating of 2.32. Of 24 analyst(s) looking at the stock, 0 analyst(s) give CSCO a Sell rating. 0 of those analysts rate the stock as Overweight while 12 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.87.
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Cisco Systems, Inc. (NASDAQ:CSCO) trade information
After registering a 0.91% upside in the latest session, Cisco Systems, Inc. (CSCO) has traded red over the past five days. The 5-day price performance for the stock is -0.51%, and 6.85% over 30 days. With these gigs, the year-to-date price performance is 11.78%. Short interest in Cisco Systems, Inc. (NASDAQ:CSCO) saw shorts transact 48.43 million shares and set a 2.72 days time to cover.
The extremes give us $44 and $160 for target low and target high price respectively. As such, CSCO has been trading -183.34% off suggested target high and 22.08% from its likely low.
Cisco Systems, Inc. (CSCO) estimates and forecasts
Looking at statistics comparing Cisco Systems, Inc. share performance against respective industry, we note that the company has underperformed competitors. Cisco Systems, Inc. (CSCO) shares are 17.99% up over the last 6 months, with its year-to-date growth rate lower than industry average at -4.56% against 19.90%. Revenue is forecast to shrink -21.60% this quarter before jumping 7.40% for the next one. The rating firms project that company’s revenue will grow 3.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 15 analysts is 13.77B. Meanwhile, for the current quarter, a total of 15 analyst(s) estimate revenue growth to 13.76B.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -0.54% for the past 5-year period. While 2024 is set for a -4.21% return in earnings, projections for the next 5 years are at 3.89% annually.
CSCO Dividends
Cisco Systems, Inc. has its next earnings report out on 2024-Nov-13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Cisco Systems, Inc. has a forward dividend ratio of 1.59, with the share yield ticking at 2.82% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.07%.
Cisco Systems, Inc. (NASDAQ:CSCO)’s Major holders
Cisco Systems, Inc. insiders hold 0.06% of total outstanding shares, with institutional holders owning 79.34% of the shares at 79.39% float percentage. In total, 79.34% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 386.35 million shares (or 9.5584% of shares), all amounting to roughly $18.36 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 354.83 million shares, or about 8.7787% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $16.86 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Cisco Systems, Inc. (CSCO) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 115.09 shares. This is just over 2.88% of the total shares, with a market valuation of $6.51 billion. Data from the same date shows that the other fund manager holds a little less at 103.93, or 2.60% of the shares, all valued at about 5.88 billion.
