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Cisco Systems, Inc. (CSCO) Analysis & Forecast for 2024

Cisco Systems, Inc. (NASDAQ: CSCO) is -9.34% lower on its value in year-to-date trading and has touched a low of $44.95 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 $46.06 in the last trading session, with the day’s loss setting it -0.26%.

Currently trading at $45.80, the stock is -1.61% and -2.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.34 million and changing -0.56% at the moment leaves the stock -7.64% off its SMA200. CSCO registered -10.18% loss for a year compared to 6-month loss of -8.56%.

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The stock witnessed a -0.93% gain in the last 1 month and extending the period to 3 months gives it a -5.06%, and is -3.62% 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 1.31% over the week and 1.40% over the month.

Cisco Systems, Inc. (CSCO) has around 84900 employees, a market worth around $184.52B and $55.36B in sales. Current P/E ratio is 15.43 and Fwd P/E is 12.92. Profit margin for the company is 21.88%. Distance from 52-week low is 1.89% and -21.29% from its 52-week high. The company has generated returns on investments over the last 12 months (18.16%).

with sales reaching $13.54B over the same period.The EPS is expected to shrink by -4.77% this year, but quarterly earnings will post -0.90% year-over-year. Quarterly sales are estimated to shrink -6.30% in year-over-year returns.

Cisco Systems, Inc. (CSCO) Top Institutional Holders

The shares outstanding are 4.07B, and float is at 4.02B with Short Float at 1.38%.

Cisco Systems, Inc. (CSCO) Insider Activity

The most recent transaction is an insider sale by Subaiya Thimaya K.,the company’sEVP, Operations. SEC filings show that Subaiya Thimaya K. sold 13,896 shares of the company’s common stock on Jun 14 ’24 at a price of $45.32 per share for a total of $0.63 million. Following the sale, the insider now owns 0.15 million shares.

Cisco Systems, Inc. disclosed in a document filed with the SEC on Jun 13 ’24 that Stahlkopf Deborah L (EVP and Chief Legal Officer) sold a total of 2,619 shares of the company’s common stock. The trade occurred on Jun 13 ’24 and was made at $45.34 per share for $0.12 million. Following the transaction, the insider now directly holds 0.18 million shares of the CSCO stock.

Still, SEC filings show that on Jun 13 ’24, Wong Maria Victoria (SVP & Chief Acctg Officer) disposed off 762 shares at an average price of $45.42 for $34610.0. The insider now directly holds 51,788 shares of Cisco Systems, Inc. (CSCO).

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