Gains May Be On The Menu For Cisco Systems, Inc. (NASDAQ: CSCO)

Currently, there are 4.07B common shares owned by the public and among those 4.04B shares have been available to trade.

However, the script later moved the day high at 50.54, down -0.20%. The company’s stock has a 5-day price change of 1.74% and -0.04% over the past three months. CSCO shares are trading -1.46% year to date (YTD), with the 12-month market performance up to 0.65% higher. It has a 12-month low price of $45.56 and touched a high of $58.19 over the same period. CSCO has an average intraday trading volume of 19.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.28%, -0.17%, and -3.59% respectively.

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Institutional ownership of Cisco Systems, Inc. (NASDAQ: CSCO) shares accounts for 75.60% of the company’s 4.07B shares outstanding.

It has a market capitalization of $201.57B and a beta (3y monthly) value of 0.85. The stock’s trailing 12-month PE ratio is 15.15, while the earnings-per-share (ttm) stands at $3.29. The company has a PEG of 3.66 and a Quick Ratio of 1.16 with the debt-to-equity ratio at 0.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.20% over the week and 1.31% over the month.

Earnings per share for the fiscal year are expected to decrease by -4.64%, and 2.30% over the next financial year. EPS should shrink at an annualized rate of 4.14% over the next five years, compared to 173.71% over the past 5-year period.

Looking at the support for the CSCO, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on February 15, 2024, with the firm’s price target at $52. Raymond James on their part issued Mkt Perform rating on October 30, 2023.

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