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 -1.80% and 16.15% over the past three months. CSCO shares are trading 10.33% year to date (YTD), with the 12-month market performance up to 6.37% higher. It has a 12-month low price of $44.50 and touched a high of $57.06 over the same period. CSCO has an average intraday trading volume of 18.03 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 2.33%, 6.99%, and 13.39% respectively.
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Institutional ownership of Cisco Systems, Inc. (NASDAQ: CSCO) shares accounts for 76.66% of the company’s 4.01B shares outstanding.
It has a market capitalization of $222.18B and a beta (3y monthly) value of 0.82. The stock’s trailing 12-month PE ratio is 21.97, while the earnings-per-share (ttm) stands at $2.54. The company has a PEG of 5.64 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 1.39% over the week and 1.34% over the month.
Earnings per share for the fiscal year are expected to decrease by -4.20%, and 8.29% over the next financial year. EPS should grow at an annualized rate of 3.89% 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. Citigroup stated their Buy rating for the stock in a research note on October 16, 2024, with the firm’s price target at $52-$62. HSBC Securities coverage for the Cisco Systems, Inc. (CSCO) stock in a research note released on August 16, 2024 offered a Buy rating with a price target of $58. New Street was of a view on August 15, 2024 that the stock is Buy, while Exane BNP Paribas gave the stock Neutral rating on May 13, 2024, issuing a price target of $50. JP Morgan on their part issued Neutral rating on April 22, 2024.
