The stock of Cisco Systems Inc. (NASDAQ:CSCO) last traded at $55.44, up 0.73% from the previous session.
Data from the available sources indicates that Cisco Systems Inc. (NASDAQ:CSCO) is covered by 27 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $68.00 and a low of $45.00, we find $58.00. Given the previous closing price of $55.04, this indicates a potential upside of 5.38 percent. CSCO stock price is now 6.63% away from the 50-day moving average and 12.61% away from the 200-day moving average. The market capitalization of the company currently stands at $224.65B.
In total, 16 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $57.97 as their price target over the next twelve months.
With the price target enhanced from $54 to $58, Deutsche Bank maintained Hold rating for Cisco Systems Inc. (NASDAQ: CSCO).
In other news, Martinez Maria, EVP & Chief Operating Officer sold 10,000 shares of the company’s stock on Jun 22. The stock was sold for $508,798 at an average price of $50.88. Upon completion of the transaction, the EVP & Chief Operating Officer now directly owns 414,033 shares in the company, valued at $22.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 22, EVP and CFO Herren Richard Scott sold 2,579 shares of the business’s stock. A total of $130,626 was realized by selling the stock at an average price of $50.65. This leaves the insider owning 281,493 shares of the company worth $15.61 million. Insiders disposed of 791,887 shares of company stock worth roughly $43.9 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 PORTSIDE WEALTH GROUP, LLC during the first quarter worth $296,483,000. KINGSWOOD WEALTH ADVISORS, LLC invested $124,478,000 in shares of CSCO during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in Cisco Systems Inc. valued at approximately $80,560,000. UNISUPER MANAGEMENT PTY LTD acquired a new stake in CSCO for approximately $66,828,000. IA GLOBAL ASSET MANAGEMENT INC. purchased a new stake in CSCO valued at around $33,141,000 in the second quarter. In total, there are 3,844 active investors with 74.90% ownership of the company’s stock.
With an opening price of $55.20 on Monday morning, Cisco Systems Inc. (NASDAQ: CSCO) set off the trading day. During the past 12 months, Cisco Systems Inc. has had a low of $38.60 and a high of $55.83. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 1.40, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $208.17B, which is based on a 18.05 price-to-earnings ratio, a 2.50 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for CSCO is $51.99 and a two-hundred day moving average price translates $49.23 for the stock.
The latest earnings results from Cisco Systems Inc. (NASDAQ: CSCO) was released for Jul, 2023. According to the Communication Equipment Company, earnings per share came in at $1.05, beating analysts’ expectations of $0.97 by 0.08. This compares to $0.68 EPS in the same period last year. The net profit margin was 19.80% and return on equity was 27.60% for CSCO. The company reported revenue of $15.2 billion for the quarter, compared to $13.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.04 percent. For the current quarter, analysts expect CSCO to generate $13.42B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/25/2023. Investors who held shares on 10/04/2023 were paid a $0.39 dividend. On an annualized basis, this represents a $1.56 dividend and a 2.81% percent yield. There was an ex-dividend date of 10/03/2023 for this dividend. In terms of dividend payout ratio, CSCO is presently at 55.10%.
