In Monday’s Wall Street session, Cisco Systems, Inc (NASDAQ:CSCO) shares traded at $62.06, down -2.94% from the previous session.
CSCO stock price is now 0.76% away from the 50-day moving average and 14.88% away from the 200-day moving average. The market capitalization of the company currently stands at $246.89B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On February 13, 2025, Rosenblatt Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $66 to quote $80, while ‘Exane BNP Paribas’ rates the stock as ‘Outperform’
In other news, ELLEGATUS, LLC, Director bought 2,622 shares of the company’s stock on Feb 27 ’25. The stock was bought for $170,981 at an average price of $65.21. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’25, SVP & Chief Acctg Officer Wong Maria Victoria sold 3,485 shares of the business’s stock. A total of $222,901 was realized by selling the stock at an average price of $63.96. This leaves the insider owning 45,320 shares of the company worth $2.81 million. A total of 0.23% of the company’s stock is owned by insiders.
During the past 12 months, Cisco Systems, Inc has had a low of $44.50 and a high of $66.50. As of last week, the company has a debt-to-equity ratio of 0.71, a current ratio of 0.87, and a quick ratio of 0.79.
The net profit margin was 16.96% and return on equity was 20.02% for CSCO. The company reported revenue of $13.99 billion for the quarter, compared to $12.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.38 percent.
