Currently, there are 4.01B common shares owned by the public and among those 3.98B shares have been available to trade.
The company’s stock has a 5-day price change of 4.36% and 9.90% over the past three months. CSCO shares are trading 2.87% year to date (YTD), with the 12-month market performance down to -6.36% lower. It has a 12-month low price of $44.50 and touched a high of $56.05 over the same period. CSCO has an average intraday trading volume of 19.36 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 3.91%, 7.48%, and 6.95% respectively.
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Institutional ownership of Cisco Systems, Inc. (NASDAQ: CSCO) shares accounts for 76.84% of the company’s 4.01B shares outstanding.
It has a market capitalization of $207.40B and a beta (3y monthly) value of 0.82. The stock’s trailing 12-month PE ratio is 20.48, while the earnings-per-share (ttm) stands at $2.54. The company has a PEG of 5.08 and a Quick Ratio of 0.83 with the debt-to-equity ratio at 0.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.78% over the week and 1.53% over the month.
Analysts forecast that Cisco Systems, Inc. (CSCO) will achieve an EPS of 0.87 for the current quarter, 0.87 for the next quarter and 3.89 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.86 while analysts give the company a high EPS estimate of 0.86. Comparatively, EPS for the current quarter was 1.11 a year ago. Earnings per share for the fiscal year are expected to decrease by -4.34%, and 8.18% over the next financial year. EPS should grow at an annualized rate of 4.03% over the next five years, compared to -0.54% over the past 5-year period.
Looking at the support for the CSCO, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on August 16, 2024, with the firm’s price target at $46-$58. Exane BNP Paribas was of a view on May 13, 2024 that the stock is Neutral, while JP Morgan gave the stock Neutral rating on April 22, 2024, issuing a price target of $62- $53. BofA Securities on their part issued Buy rating on April 15, 2024.
