Cisco Systems, Inc (NASDAQ: CSCO) is 16.23% higher on its value in year-to-date trading and has touched a low of $44.50 and a high of $60.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CSCO stock was last observed hovering at around $58.95 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $58.72, the stock is 0.02% and 3.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.45 million and changing -0.39% at the moment leaves the stock 16.62% off its SMA200. CSCO registered 21.37% gain for a year compared to 6-month gain of 28.29%. The firm has a 50-day simple moving average (SMA 50) of $56.5256 and a 200-day simple moving average (SMA200) of $50.29895.
The stock witnessed a 1.14% loss in the last 1 month and extending the period to 3 months gives it a 19.57%, and is -1.28% 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 1.07% over the week and 1.38% over the month.
Cisco Systems, Inc (CSCO) has around 90400 employees, a market worth around $233.87B and $52.98B in sales. Current P/E ratio is 25.28 and Fwd P/E is 15.01. Profit margin for the company is 17.73%. Distance from 52-week low is 31.96% and -2.51% from its 52-week high. The company has generated returns on investments over the last 12 months (14.27%).
with sales reaching $13.85B over the same period.The EPS is expected to shrink by -2.07% this year, but quarterly earnings will post 4.20% year-over-year. Quarterly sales are estimated to grow 8.30% in year-over-year returns.
Cisco Systems, Inc (CSCO) Top Institutional Holders
3913.0 institutions hold shares in Cisco Systems, Inc (CSCO), with institutional investors hold 79.22% of the company’s shares. The shares outstanding are 3.97B, and float is at 3.97B with Short Float at 1.57%. Institutions hold 79.17% 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
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Cisco Systems, Inc disclosed in a document filed with the SEC on Dec 06 ’24 that JOHNSON KRISTINA M (Director) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Dec 06 ’24 and was made at $59.87 per share for $0.45 million. Following the transaction, the insider now directly holds 65915.0 shares of the CSCO stock.
Still, SEC filings show that on Nov 27 ’24, Wong Maria Victoria (SVP & Chief Acctg Officer) disposed off 4,881 shares at an average price of $59.73 for $0.29 million. The insider now directly holds 51,931 shares of Cisco Systems, Inc (CSCO).
