The price of Cisco Systems Inc. (NASDAQ:CSCO) shares last traded on Wall Street rose 0.88% to $53.92.
Based on available information, 26 analysts follow 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 $68.00 and a low of $45.00, we find $59.25. Given the previous closing price of $53.45, this indicates a potential upside of 10.85 percent. CSCO stock price is now -1.36% away from the 50-day moving average and 6.52% away from the 200-day moving average. The market capitalization of the company currently stands at $218.64B.
Among analysts, 15 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $58.78 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 $9.13 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 $12.37 million. Insiders disposed of 801,490 shares of company stock worth roughly $43.22 million over the past 1 year. A total of 0.24% 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 $121,065,000. RENAISSANCE TECHNOLOGIES LLC invested $78,351,000 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 $64,996,000. IA GLOBAL ASSET MANAGEMENT INC. acquired a new stake in CSCO for approximately $32,233,000. TREXQUANT INVESTMENT LP purchased a new stake in CSCO valued at around $17,497,000 in the second quarter.
A candlestick chart of Cisco Systems Inc. (NASDAQ: CSCO) showed a price of $53.35 on Monday morning. 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 0.21, a current ratio of 1.30, and a quick ratio of 1.18. According to the stock market information, the enterprise value for the company is $200.88B, which is based on a 17.56 price-to-earnings ratio, a 2.74 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for CSCO is $54.70 and a two-hundred day moving average price translates $50.65 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 22.13% and return on equity was 29.99% 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 $1.58 dividend and a 2.93% 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 50.12%.
