At the time of writing, Cisco Systems, Inc. [CSCO] stock is trading at $48.24, down -0.52%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling.
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From an analyst’s perspective:
Cisco Systems, Inc. [NASDAQ: CSCO] stock has seen the most recent analyst activity on April 15, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $60 from $55. Melius downgraded its rating to a Hold. DZ Bank downgraded its rating to Hold for this stock on November 17, 2023, but kept the price target unchanged to $50. In a note dated November 16, 2023, New Street downgraded an Neutral rating on this stock.
For the past year, the stock price of Cisco Systems, Inc. fluctuated between $45.56 and $58.19. Currently, Wall Street analysts expect the stock to reach $61.41 within the next 12 months. Cisco Systems, Inc. [NASDAQ: CSCO] shares were valued at $48.24 at the most recent close of the market. An investor can expect a potential return of 27.3% based on the average CSCO price forecast.
Analyzing the CSCO fundamentals
According to Cisco Systems, Inc. [NASDAQ:CSCO], the company’s sales were 57.23B for trailing twelve months, which represents an -5.89% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.26.
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 47.70 points at the first support level, and at 47.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.29, and for the 2nd resistance point, it is at 50.33.
Ratios To Look Out For
It is important to note that Cisco Systems, Inc. [NASDAQ:CSCO] has a current ratio of 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 3.41, the price to book ratio is 4.22 and price to earnings (TTM) ratio is 14.68.
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.
