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Cisco Systems, Inc. (CSCO) Stock Could Soon Reward Patient Investors

Cisco Systems, Inc. (NASDAQ: CSCO) is -2.30% lower on its value in year-to-date trading and has touched a low of $45.56 and a high of $58.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CSCO stock was last observed hovering at around $50.04 in the last trading session, with the day’s loss setting it -0.68%.

Currently trading at $49.36, the stock is -0.42% and -0.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.2 million and changing -1.36% at the moment leaves the stock -4.39% off its SMA200. CSCO registered -4.02% loss for a year compared to 6-month loss of -8.18%. The firm has a 50-day simple moving average (SMA 50) of $3.25 and a 200-day simple moving average (SMA200) of $10.22.

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The stock witnessed a 1.98% gain in the last 1 month and extending the period to 3 months gives it a -2.30%, and is -0.64% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.01% over the week and 1.28% over the month.

Cisco Systems, Inc. (CSCO) has around 84900 employees, a market worth around $199.87B and $57.23B in sales. Current P/E ratio is 15.02 and Fwd P/E is 13.01. Profit margin for the company is 23.49%. Distance from 52-week low is 8.35% and -15.17% from its 52-week high. The company has generated returns on investments over the last 12 months (25.07%).

Cisco Systems, Inc. quarterly earnings per share for the current quarter are estimated at $0.85 with sales reaching $12.32B over the same period.The EPS is expected to shrink by -4.74% this year, but quarterly earnings will post -3.10% year-over-year.

Cisco Systems, Inc. (CSCO) Top Institutional Holders

4,015 institutions hold shares in Cisco Systems, Inc. (CSCO), with institutional investors hold 78.10% of the company’s shares. The shares outstanding are 4.07B, and float is at 4.04B with Short Float at 1.10%. Institutions hold 78.05% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 383.93 million shares valued at $19.86 billion. The investor’s holdings represent 9.47% of the CSCO Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 347.57 million shares valued at $17.98 billion to account for 8.57% of the shares outstanding. The other top investors are State Street Corporation which holds 187.51 million shares representing 4.62% and valued at over $9.7 billion, while Geode Capital Management, LLC holds 2.07% of the shares totaling 84.11 million with a market value of $4.35 billion.

Cisco Systems, Inc. (CSCO) Insider Activity

The most recent transaction is an insider sale by Stahlkopf Deborah L,the company’sEVP and Chief Legal Officer. SEC filings show that Stahlkopf Deborah L sold 237 shares of the company’s common stock on Mar 14 ’24 at a price of $50.27 per share for a total of $11914.0. Following the sale, the insider now owns 0.19 million shares.

Cisco Systems, Inc. disclosed in a document filed with the SEC on Mar 14 ’24 that Sharritts Jeffery S. (EVP & Chief Cust & Prtnr Offcr) sold a total of 132 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $50.27 per share for $6636.0. Following the transaction, the insider now directly holds 0.25 million shares of the CSCO stock.

Still, SEC filings show that on Mar 13 ’24, Stahlkopf Deborah L (EVP and Chief Legal Officer) disposed off 3,002 shares at an average price of $50.01 for $0.15 million. The insider now directly holds 191,559 shares of Cisco Systems, Inc. (CSCO).

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