A share price of Cisco Systems, Inc. [CSCO] is currently trading at $49.79, down -0.64%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CSCO shares have gain 1.82% over the last week, with a monthly amount glided 0.30%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Melius downgraded its rating to Hold on January 08, 2024. On November 17, 2023, downgrade downgraded it’s rating to Hold but maintained its price target of $50 on the stock. New Street downgraded its rating to a Neutral. Raymond James downgraded its rating to a Mkt Perform. Raymond James downgraded its rating to Underperform for this stock on October 30, 2023. In a note dated August 21, 2023, Deutsche Bank reiterated an Hold rating on this stock and boosted its target price from $54 to $58.
Cisco Systems, Inc. experienced fluctuations in its stock price throughout the past year between $45.56 and $58.19. Currently, Wall Street analysts expect the stock to reach $60.98 within the next 12 months. Cisco Systems, Inc. [NASDAQ: CSCO] shares were valued at $49.79 at the most recent close of the market. An investor can expect a potential return of 22.47% based on the average CSCO price forecast.
Analyzing the CSCO fundamentals
Trailing Twelve Months sales for Cisco Systems, Inc. [NASDAQ:CSCO] were 57.23B which represents -5.89% decline. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.3 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 49.48 points at the first support level, and at 49.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.22, and for the 2nd resistance point, it is at 50.66.
Cisco Systems, Inc. [CSCO] reported earnings per share of $0.87 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.84/share, meaning a difference of $0.03 and a surprise factor of 3.60%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $1.11 per share as compared to estimates of $1.03 per share, a difference of $0.08 representing a surprise of 7.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cisco Systems, Inc. [NASDAQ:CSCO] is 1.27. Also, the Quick Ratio is 1.16, while the Cash Ratio stands at 0.46. Considering the valuation of this stock, the price to sales ratio is 3.52, the price to book ratio is 4.36 and price to earnings (TTM) ratio is 15.15.
Transactions by insiders
Recent insider trading involved Stahlkopf Deborah L, EVP and Chief Legal Officer, that happened on Mar 14 ’24 when 237.0 shares were sold. EVP & Chief Cust & Prtnr Offcr, Sharritts Jeffery S. completed a deal on Mar 14 ’24 to sell 132.0 shares. Meanwhile, EVP and Chief Legal Officer Stahlkopf Deborah L sold 3002.0 shares on Mar 13 ’24.
