Cisco Systems, Inc. (NASDAQ:CSCO) price on current trading day, fall -0.11% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $56.22.
A look at the stock’s price movement, the level at last check in today’s session was $56.28, moving within a range at $56.032 and $56.55. The beta value (5-Year monthly) was 0.822 while the PE ratio in trailing twelve months stood at 22.16. Turning to its 52-week performance, $57.06 and $44.50 were the 52-week high and 52-week low respectively. Overall, CSCO moved 6.77% over the past month.
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Cisco Systems, Inc.’s market cap currently stands at around $224.08 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13. The company has a Forward Dividend ratio of 1.59, with its dividend yield at 2.83%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 13.77B for the company’s revenue for the quarter, with a low and high estimate of 13.7B and 13.83B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 55.88B, representing a 3.90% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CSCO is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
24 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 12 analyst(s) rate the stock as a Hold, 12 recommend CSCO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 5.69, with CSCO’s current price about 3.44% and 8.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 74.19, while 7-day volatility ratio is 1.27% and 1.27% in the 30-day chart. Further, Cisco Systems, Inc. (CSCO) has a beta value of 0.82, and an average true range (ATR) of 0.77. Analysts have given the company’s stock an average 52-week price target of $58, forecast between a low of $44 and high of $160. Looking at the price targets, the low is 21.74% off recent price level in today’s trading while to achieve the yearly target high, it has to move -184.6%. Nonetheless, investors will most likely welcome a -3.17% jump to $58 which is the analysts’ median price.
If we refocus on Cisco Systems, Inc. (NASDAQ:CSCO), historical trading data shows that trading volumes averaged 16.98 over the past 10 days and 18.19 million over the past 3 months. The company’s latest data on shares outstanding shows there are 4.01 billion shares.
The 0.24% of Cisco Systems, Inc.’s shares are in the hands of company insiders while institutional holders own 76.68% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 48.43 million on 2024-09-30, giving us a short ratio of 2.72. The data shows that as of 2024-09-30 short interest in Cisco Systems, Inc. (CSCO) stood at 121.0 of shares outstanding, with shares short falling to 60.19 million registered in 2024-08-30. Current price change has pushed the stock 11.27% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CSCO stock continues to rise going into the next quarter.
