Stocks of Cisco Systems, Inc. (NASDAQ:CSCO) traded higher last session on Wall Street, up 0.02% to $45.85.
CSCO stock price is now -4.10% away from the 50-day moving average and -9.26% away from the 200-day moving average. The market capitalization of the company currently stands at $184.72B.
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With the price target maintained at $50, Exane BNP Paribas recently Upgraded its rating from Underperform to Neutral for Cisco Systems, Inc. (NASDAQ: CSCO). , while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Robbins Charles, Chair and CEO sold 26,331 shares of the company’s stock on May 29 ’24. The stock was sold for $1,213,788 at an average price of $46.10. Upon completion of the transaction, the Chair and CEO now directly owns 725,363 shares in the company, valued at $33.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 29 ’24, SVP & Chief Acctg Officer Wong Maria Victoria sold 3,378 shares of the business’s stock. A total of $155,016 was realized by selling the stock at an average price of $45.89. This leaves the insider owning 52,953 shares of the company worth $2.43 million. A total of 0.23% of the company’s stock is owned by insiders.
During the past 12 months, Cisco Systems, Inc. has had a low of $45.64 and a high of $58.19. As of last week, the company has a debt-to-equity ratio of 0.73, a current ratio of 0.80, and a quick ratio of 0.72. According to the stock market information, the enterprise value for the company is $198374866944, which is based on a 15.45 price-to-earnings ratio, a 4.12 price-to-earnings-growth ratio, and a beta of 0.84. The fifty day moving average price for CSCO is $47.73 and a two-hundred day moving average price translates $50.4784 for the stock.
The latest earnings results from Cisco Systems, Inc. (NASDAQ: CSCO) was released for 2024-04-27. The net profit margin was 21.88% and return on equity was 27.52% for CSCO. The company reported revenue of $12.7 billion for the quarter, compared to $14.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.83 percent.
