Stocks of Cisco Systems Inc. (NASDAQ:CSCO) traded higher last session on Wall Street, up 0.12% to $56.11.
According to the data, Cisco Systems Inc. (NASDAQ:CSCO) has 27 analysts covering its stock. 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 $59.00. Given the previous closing price of $56.04, this indicates a potential upside of 5.28 percent. CSCO stock price is now 3.78% away from the 50-day moving average and 11.69% away from the 200-day moving average. The market capitalization of the company currently stands at $228.86B.
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A total of 16 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $58.58 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, Stahlkopf Deborah L, EVP and Chief Legal Officer sold 3,022 shares of the company’s stock on Sep 13. The stock was sold for $169,900 at an average price of $56.22. Upon completion of the transaction, the EVP and Chief Legal Officer now directly owns 169,396 shares in the company, valued at $9.5 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 2,421 shares of the business’s stock. A total of $136,116 was realized by selling the stock at an average price of $56.22. This leaves the insider owning 229,351 shares of the company worth $12.87 million. Insiders disposed of 801,490 shares of company stock worth roughly $44.97 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 KINGSWOOD WEALTH ADVISORS, LLC during the first quarter worth $125,982,000. RENAISSANCE TECHNOLOGIES LLC invested $81,534,000 in shares of CSCO during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in Cisco Systems Inc. valued at approximately $67,636,000. IA GLOBAL ASSET MANAGEMENT INC. acquired a new stake in CSCO for approximately $33,542,000. TREXQUANT INVESTMENT LP purchased a new stake in CSCO valued at around $18,207,000 in the second quarter. In total, there are 3,844 active investors with 74.90% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $56.01 for Cisco Systems Inc. (NASDAQ: CSCO). During the past 12 months, Cisco Systems Inc. has had a low of $38.60 and a high of $58.19. As of last week, the company has a debt-to-equity ratio of 0.19, 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 $209.76B, which is based on a 18.26 price-to-earnings ratio, a 2.85 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for CSCO is $54.17 and a two-hundred day moving average price translates $50.28 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 $1.14, beating analysts’ expectations of $1.06 by 0.08. This compares to $0.68 EPS in the same period last year. The net profit margin was 22.10% and return on equity was 30.00% 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 $14.62B 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 2.78% 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 49.60%.
