Cisco Systems, Inc (NASDAQ: CSCO) – Suitable For Long Term Buy?

Currently, there are 4.01B common shares owned by the public and among those 3.97B shares have been available to trade.

The company’s stock has a 5-day price change of 1.90% and 15.28% over the past three months. CSCO shares are trading 15.89% year to date (YTD), with the 12-month market performance up to 21.78% higher. It has a 12-month low price of $44.50 and touched a high of $59.38 over the same period. CSCO has an average intraday trading volume of 17.18 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 2.48%, 6.42%, and 17.60% respectively.

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Institutional ownership of Cisco Systems, Inc (NASDAQ: CSCO) shares accounts for 76.53% of the company’s 4.01B shares outstanding.

It has a market capitalization of $237.20B and a beta (3y monthly) value of 0.83. The stock’s trailing 12-month PE ratio is 25.21, while the earnings-per-share (ttm) stands at $2.32. The company has a PEG of 6.25 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 0.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.55% over the week and 1.61% over the month.

Earnings per share for the fiscal year are expected to decrease by -2.08%, and 7.14% over the next financial year. EPS should grow at an annualized rate of 4.04% 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. JP Morgan stated their Overweight rating for the stock in a research note on November 11, 2024, with the firm’s price target at $66. Citigroup coverage for the Cisco Systems, Inc (CSCO) stock in a research note released on October 16, 2024 offered a Buy rating with a price target of $62. Exane BNP Paribas on their part issued Neutral rating on May 13, 2024.

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