Cisco Systems, Inc (NASDAQ:CSCO) shares, rose in value on Thursday, November 21, with the stock price down by -0.06% to the previous day’s close as strong demand from buyers drove the stock to $57.47.
Actively observing the price movement in the recent trading, the stock is buoying the session at $57.50, falling within a range of $57.1 and $57.74. The PE ratio was 24.74 over 12-month period. Referring to stock’s 52-week performance, its high was $59.38, and the low was $44.50. On the whole, CSCO has fluctuated by 2.11% over the past month.
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With the market capitalization of Cisco Systems, Inc currently standing at about $228.87 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.59, with its dividend yield at 2.77%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 56.05B, with a low estimate of 13.54B and a high estimate of 13.94B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 13.85B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CSCO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 6.19, with the price of CSCO currently trading nearly 0.84% and 4.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.45, while the 7-day volatility ratio is showing 1.64% which for the 30-day chart, stands at 1.55%. Furthermore, Cisco Systems, Inc (CSCO)’s beta value is 0.83, and its average true range (ATR) is 0.93.
A comparison of Cisco Systems, Inc (CSCO) with its peers suggests the former has fared considerably weaker in the market. CSCO showed an intraday change of -0.06% in today’s session so far, and over the past year, it grew by 20.22%%.
Data on historical trading for Cisco Systems, Inc (NASDAQ:CSCO) indicates that the trading volumes over the past 10 days have averaged 22.46 and over the past 3 months, they’ve averaged 17.26 million. According to company’s latest data on outstanding shares, there are 4.01 billion shares outstanding.
Nearly 0.24% of Cisco Systems, Inc’s shares belong to company insiders and institutional investors own 76.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 58.78 million shares as on 2024-10-31, resulting in a short ratio of 3.83. According to the data, the short interest in Cisco Systems, Inc (CSCO) stood at 147.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 48.43 million. The stock has risen by 13.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CSCO stock heading into the next quarter.
