In the last trading session, 11.62 million Cisco Systems, Inc (NASDAQ:CSCO) shares changed hands as the company’s beta touched 0.84. With the company’s per share price at $59.21 changed hands at -$0.08 or -0.13% during last session, the market valuation stood at $235.50B. CSCO’s last price was a discount, traded about -1.11% off its 52-week high of $59.87. The share price had its 52-week low at $44.50, which suggests the last value was 24.84% up since then. When we look at Cisco Systems, Inc’s average trading volume, we note the 10-day average is 20.68 million shares, with the 3-month average coming to 17.72 million.

Analysts gave the Cisco Systems, Inc (CSCO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.27. 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 (NASDAQ:CSCO) trade information

Instantly CSCO was in red as seen at the end of in last trading. With action 2.87%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 17.20%, with the 5-day performance at 2.87% in the green. However, in the 30-day time frame, Cisco Systems, Inc (NASDAQ:CSCO) is 6.51% up. Looking at the short shares, we see there were 62.45 million shares sold at short interest cover period of 3.23 days.

The consensus price target for the stock as assigned by Wall Street analysts is 58.5, meaning bulls need a downside of -1.21% 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 -170.22% plunge from its current level, while the stock would need to tank 25.69% for it to hit the projected low.

Cisco Systems, Inc (CSCO) estimates and forecasts

Data shows that the Cisco Systems, Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 27.33% over the past 6 months, a -2.68% in annual growth rate that is considerably lower than the industry average of 19.80%.

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 -2.08%, but the outlook for the next 5-year period is at 4.04% per year.

CSCO Dividends

Cisco Systems, Inc is expected to release its next quarterly earnings report in January. The 2.69% annual yield figure for the share gives it an annual dividend of 1.59. It is important to note, however, that the 2.69% 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 79.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.14%. There are 79.09% 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.