In the latest trading session, 3.99 million Cisco Systems, Inc (NASDAQ:CSCO) shares changed hands as the company’s beta touched 0.83. With the company’s most recent per share price at $60.22 changing hands around $0.89 or 1.51% at last look, the market valuation stands at $239.86B. CSCO’s current price is a discount, trading about -0.02% off its 52-week high of $60.23. The share price had its 52-week low at $44.50, which suggests the last value was 26.1% up since then. When we look at Cisco Systems, Inc’s average trading volume, we note the 10-day average is 16.53 million shares, with the 3-month average coming to 19.25 million.
Analysts gave the Cisco Systems, Inc (CSCO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.23. 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 0.91.
Cisco Systems, Inc (NASDAQ:CSCO) trade information
Instantly CSCO is in green as seen in intraday trades today. With action 2.20%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 1.73%, with the 5-day performance at 2.20% in the green. However, in the 30-day time frame, Cisco Systems, Inc (NASDAQ:CSCO) is 2.34% up. Looking at the short shares, we see there were 54.25 million shares sold at short interest cover period of 2.76 days.
The consensus price target for the stock as assigned by Wall Street analysts is 59, meaning bulls need a downside of -2.07% from its recent market value. According to analyst projections, CSCO’s forecast low is 46.5 with 78 as the target high. To hit the forecast high, the stock’s price needs a -29.53% plunge from its current level, while the stock would need to tank 22.78% 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 27.00% over the past 6 months, a -2.14% in annual growth rate that is considerably lower than the industry average of 16.00%. Year-over-year growth is forecast to reach 4.24% up from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 13.87B. 17 analysts are of the opinion that Cisco Systems, Inc’s revenue for the current quarter will be 13.86B. The company’s revenue for the corresponding quarters a year ago was 12.79B and 12.7B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.44%. The estimates for the next quarter sales put growth at 9.15%.
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 2025 estimates are for Cisco Systems, Inc earnings to decrease by -2.05%, 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 February. The 2.66% annual yield figure for the share gives it an annual dividend of 1.60. It is important to note, however, that the 2.66% 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 79.19% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.24%. There are 79.19% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 114.89 shares estimated at $6.91 billion under it, the former controlled 2.88% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.65% of the shares, roughly 105.52 shares worth around $6.35 billion.
