In today’s recent session, 3.05 million shares of the Cisco Systems, Inc (NASDAQ:CSCO) have been traded, and its beta is 0.83. Most recently the company’s share price was $56.60, and it changed around -$0.71 or -1.24% from the last close, which brings the market valuation of the company to $225.61B. CSCO at last check was trading at a discount to its 52-week high of $59.38, offering almost -4.91% off that amount. The share price’s 52-week low was $44.50, which indicates that the recent value has risen by an impressive 21.38% since then. We note from Cisco Systems, Inc’s average daily trading volume that its 10-day average is 22.26 million shares, with the 3-month average coming to 17.30 million.

Cisco Systems, Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.32. If we narrow it down even further, the data shows that 0 out of 35 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 16 recommended CSCO as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight.

Cisco Systems, Inc (NASDAQ:CSCO) trade information

Instantly CSCO has been showing red trend so far today with a performance of -1.24% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 59.28 on recent trading dayincreased the stock’s daily price by 4.52%. The company’s shares are currently up 12.03% year-to-date, but still down -3.59% over the last five days. On the other hand, Cisco Systems, Inc (NASDAQ:CSCO) is 0.02% up in the 30-day period. We can see from the shorts that 58.78 million shares have been sold at a short interest cover period of 3.83 day(s).

The consensus price target as assigned by Wall Street analysts is $58.5, which translates to bulls needing to increase their stock price by 3.25% 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 20.58 percent over the past six months and at a -4.56% annual growth rate that is well below the industry average of 18.40%.

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 -2.34% in 2024, but the outlook is positive 4.00% 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 2.81 percent and its annual dividend per share was 1.59. It is important to note, however, that the 2.81% 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 0.07% of Cisco Systems, Inc shares, and 79.07% of them are in the hands of institutional investors. The stock currently has a share float of 79.13%. Cisco Systems, Inc stock is held by 3907.0 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.