In yesterday’s Wall Street session, Cisco Systems, Inc (NASDAQ:CSCO) shares traded at $58.95, down -1.57% from the previous session.
CSCO stock price is now 4.29% away from the 50-day moving average and 17.20% away from the 200-day moving average. The market capitalization of the company currently stands at $234.28B.
With the price target maintained at $66, JP Morgan recently Upgraded its rating from Neutral to Overweight for Cisco Systems, Inc (NASDAQ: CSCO). On October 16, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $52 to quote $62, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, KRISTINA M JOHNSON, Director bought 7,500 shares of the company’s stock on Dec 06 ’24. The stock was bought for $449,025 at an average price of $59.87. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’24, Director JOHNSON KRISTINA M sold 7,500 shares of the business’s stock. A total of $449,025 was realized by selling the stock at an average price of $59.87. This leaves the insider owning 65,915 shares of the company worth $3.89 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 $60.23. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 0.88, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $248526503936, which is based on a 25.38 price-to-earnings ratio, a 6.29 price-to-earnings-growth ratio, and a beta of 0.83. The fifty day moving average price for CSCO is $56.407 and a two-hundred day moving average price translates $50.2485 for the stock.
The latest earnings results from Cisco Systems, Inc (NASDAQ: CSCO) was released for 2024-10-26. The net profit margin was 17.73% and return on equity was 20.76% for CSCO. The company reported revenue of $13.84 billion for the quarter, compared to $14.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.64 percent.
