Cisco Systems, Inc. (NASDAQ: CSCO) is -2.75% lower on its value in year-to-date trading and has touched a low of $44.50 and a high of $57.82 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 $49.70 in the last trading session, with the day’s loss setting it -0.57%.
Currently trading at $49.13, the stock is 0.91% and 2.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.74 million and changing -1.15% at the moment leaves the stock 1.29% off its SMA200. CSCO registered -14.20% loss for a year compared to 6-month loss of -0.08%.
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The stock witnessed a 8.79% gain in the last 1 month and extending the period to 3 months gives it a 6.76%, and is -1.44% 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 1.34% over the week and 1.70% over the month.
Cisco Systems, Inc. (CSCO) has around 84900 employees, a market worth around $197.94B and $53.80B in sales. Current P/E ratio is 19.36 and Fwd P/E is 12.74. Profit margin for the company is 19.18%. Distance from 52-week low is 10.40% and -15.03% from its 52-week high. The company has generated returns on investments over the last 12 months (15.86%).
The EPS is expected to shrink by -4.38% this year
3908.0 institutions hold shares in Cisco Systems, Inc. (CSCO), with institutional investors hold 78.90% of the company’s shares. The shares outstanding are 4.07B, and float is at 4.02B with Short Float at 1.29%. Institutions hold 78.86% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 386.35 million shares valued at $18.36 billion. The investor’s holdings represent 9.5584 of the CSCO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 354.83 million shares valued at $16.86 billion to account for 8.7787 of the shares outstanding. The other top investors are STATE STREET CORP which holds 190.25 million shares representing 4.7068 and valued at over $9.04 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.3347 of the shares totaling 94.37 million with a market value of $4.47 billion.
Cisco Systems, Inc. (CSCO) Insider Activity
The most recent transaction is an insider sale by Wong Maria Victoria, the company’s SVP & Chief Acctg Officer. SEC filings show that Wong Maria Victoria sold 3,379 shares of the company’s common stock on Aug 28 ’24 at a price of $50.36 per share for a total of $0.17 million. Following the sale, the insider now owns 47182.0 shares.
Still, SEC filings show that on Aug 21 ’24, Subaiya Thimaya K. (EVP, Operations) disposed off 8,270 shares at an average price of $50.33 for $0.42 million. The insider now directly holds 135,544 shares of Cisco Systems, Inc. (CSCO).
