Cisco Systems Inc. (NASDAQ:CSCO) shares traded -1.14% lower at $44.39 on Wall Street last session.
In accordance with the data, 27 analysts cover Cisco Systems Inc. (NASDAQ:CSCO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $65.00 and a low of $44.00, we find $53.50. Given the previous closing price of $44.90, this indicates a potential upside of 19.15 percent. CSCO stock price is now 3.48% away from the 50-day moving average and -6.62% away from the 200-day moving average. The market capitalization of the company currently stands at $185.80B.
It has been rated a hold by 14 analysts and a buy by 10. Brokers who have rated the stock have averaged $53.61 as their price target over the next twelve months.
On August 18, 2022, UBS reiterated its ‘Neutral’ rating on the stock by increasing its target price from $46 to quote $48, while ‘Raymond James’ rates the stock as ‘Outperform’.
In other news, BHATT PRAT, SVP & Chief Acctg Officer sold 19,168 shares of the company’s stock on Sep 13. The stock was sold for $848,790 at an average price of $44.28. Upon completion of the transaction, the SVP & Chief Acctg Officer now directly owns 38,158 shares in the company, valued at $1.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13, EVP & Chief Cust & Prtnr Offcr Sharritts Jeffery S. sold 637 shares of the business’s stock. A total of $28,468 was realized by selling the stock at an average price of $44.69. This leaves the insider owning 166,370 shares of the company worth $7.39 million. Insiders disposed of 450,302 shares of company stock worth roughly $19.99 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CSCO stock. A new stake in Cisco Systems Inc. shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $273,717,000. POINT72 ASSET MANAGEMENT, L.P. invested $90,448,000 in shares of CSCO during the first quarter. In the first quarter, FARMER STEVEN PATRICK acquired a new stake in Cisco Systems Inc. valued at approximately $85,965,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in CSCO for approximately $52,846,000. ALYESKA INVESTMENT GROUP, L.P. purchased a new stake in CSCO valued at around $45,557,000 in the second quarter. In total, there are 3,613 active investors with 75.30% ownership of the company’s stock.
Cisco Systems Inc. (NASDAQ: CSCO) opened at $44.94 on Wednesday. During the past 12 months, Cisco Systems Inc. has had a low of $38.60 and a high of $64.29. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 1.40, and a quick ratio of 1.30. The fifty day moving average price for CSCO is $42.90 and a two-hundred day moving average price translates $47.54 for the stock.
The latest earnings results from Cisco Systems Inc. (NASDAQ: CSCO) was released for Jul, 2022. According to the Communication Equipment Company, earnings per share came in at $0.83, beating analysts’ expectations of $0.82 by 0.01. This compares to $0.71 EPS in the same period last year. The net profit margin was 22.90% and return on equity was 29.10% for CSCO. The company reported revenue of $13.1 billion for the quarter, compared to $13.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.18 percent. For the current quarter, analysts expect CSCO to generate $13.31B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/26/2022. Investors who held shares on 10/05/2022 were paid a $0.38 dividend. On an annualized basis, this represents a $1.52 dividend and a 3.42% percent yield. There was an ex-dividend date of 10/04/2022 for this dividend. In terms of dividend payout ratio, CSCO is presently at 52.60%.
Cisco Systems Inc.(CSCO) Company Profile
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization. In addition, it provides Internet for the future product consists of routed optical networking, 5G, silicon, and optics solutions; collaboration products, such as meetings, collaboration devices, calling, contact center, and communication platform as a service; end-to-end security product consists of network security, cloud security, security endpoints, unified threat management, and zero trust; and optimized application experiences products including full stack observability and cloud-native platform. Further, the company offers a range of service and support options for its customers, including technical support and advanced services and advisory services. It serves businesses of various sizes, public institutions, governments, and service providers. The company sells its products and services directly, as well as through systems integrators, service providers, other resellers, and distributors. Cisco Systems, Inc. has strategic alliances with other companies. Cisco Systems, Inc. was incorporated in 1984 and is headquartered in San Jose, California.