The price of Cisco Systems, Inc (NASDAQ:CSCO) shares last traded on Wall Street rose 1.11% to $60.97.
CSCO stock price is now -1.42% away from the 50-day moving average and 11.43% away from the 200-day moving average. The market capitalization of the company currently stands at $242.56B.
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, Wong Maria Victoria, SVP & Chief Acctg Officer sold 762 shares of the company’s stock on Mar 12 ’25. The stock was sold for $46,474 at an average price of $60.99. Upon completion of the transaction, the SVP & Chief Acctg Officer now directly owns 44,155 shares in the company, valued at $2.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’25, EVP, Operations Subaiya Thimaya K. sold 2,065 shares of the business’s stock. A total of $125,344 was realized by selling the stock at an average price of $60.70. This leaves the insider owning 191,184 shares of the company worth $11.66 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.
