Cisco Systems, Inc. (NASDAQ:CSCO) traded at $50.24 at last check on current trade day and made a downward move of -0.58% on its previous day’s price.
Looking at the stock we see that its previous close was $50.54 and the beta (5Y monthly) reads 0.819 with the day’s price range being $50.105 – $50.5. The company has a trailing 12-month PE ratio of 19.80. In terms of its 52-week price range, CSCO has a high of $58.19 and a low of $44.50. The company’s stock has gained about 7.68% over that past 30 days.
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Cisco Systems, Inc. has a market cap of $202.43 billion and is expected to release its quarterly earnings report on 2024-Nov-13. With its Forward Dividend at 1.58 and a yield of 3.14%, the company’s investors could be anxious for the CSCO stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.87, with the EPS growth for the year raised at 3.58 for current year and 3.58 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 13.77B, with a low of 13.7B and a high of 13.83B. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 55.86B, or 3.80% up from figures reported last year.
On the other hand, looking at the outlook for the CSCO stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold.
Based on estimates by 24 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 12 have rated the Cisco Systems, Inc. (CSCO) stock as a Hold, while 12 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CSCO stock currently stands at 4.91, and the most recent price level today is 4.25% off its SMA20 and 5.51% from its 50-day simple moving average. The RSI (14) is pointing at 61.44 while the volatility over the past week is 1.38% and jumps to 2.00% over the past one month. The beta value is 0.82, while the average true range (ATR) is currently pointing at 0.91. The average price target for the stock over the next 12 months is $58, with the estimates having a low of $44 and a high of $160. These price ends are 12.42% and -218.47% off the today’s price level respectively, although investors could be excited at the prospect of a -15.45% if the CSCO share price touches on the median price of $58.
Coming back to Cisco Systems, Inc. (NASDAQ:CSCO), we note that the average 3-month trading volume was 20.33 million, while that of the preceding 10-day period stands at 16.07 million. Current shares outstanding are 4.07 billion.
The insiders hold 0.22% of the company’s shares while institutions hold 76.10%. The data shows that short shares as of 2024-08-15, stood at 52.04 million at a short ratio of 2.42. This represents a 129.00 short interest in shares outstanding on 2024-08-15. Shares short fall in August from the previous month at 56.15 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -0.54% down in year-to-date price movement.
