Cisco Systems, Inc (NASDAQ:CSCO) shares, rose in value on Friday, January 03, with the stock price down by -0.98% to the previous day’s close as strong demand from buyers drove the stock to $58.52.
Actively observing the price movement in the recent trading, the stock is buoying the session at $59.10, falling within a range of $58.365 and $59.08. The PE ratio was 25.20 over 12-month period. Referring to stock’s 52-week performance, its high was $60.23, and the low was $44.50. On the whole, CSCO has fluctuated by -1.62% over the past month.
With the market capitalization of Cisco Systems, Inc currently standing at about $233.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.59, with its dividend yield at 2.72%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 56.08B, with a low estimate of 13.79B and a high estimate of 13.94B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 13.87B.
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 50% 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 6.24, with the price of CSCO currently trading nearly -0.70% and 0.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.31, while the 7-day volatility ratio is showing 1.44% which for the 30-day chart, stands at 1.40%. Furthermore, Cisco Systems, Inc (CSCO)’s beta value is 0.83, and its average true range (ATR) is 0.88.
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 -0.98% in today’s session so far, and over the past year, it grew by 15.86%%.
Data on historical trading for Cisco Systems, Inc (NASDAQ:CSCO) indicates that the trading volumes over the past 10 days have averaged 20.9 and over the past 3 months, they’ve averaged 18.44 million. According to company’s latest data on outstanding shares, there are 3.97 billion shares outstanding.
Nearly 0.23% of Cisco Systems, Inc’s shares belong to company insiders and institutional investors own 76.56% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 56.83 million shares as on 2024-12-13, resulting in a short ratio of 2.81. According to the data, the short interest in Cisco Systems, Inc (CSCO) stood at 143.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 62.45 million. The stock has fallen by -1.15% 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.
