In yesterday’s Wall Street session, Cisco Systems, Inc. (NASDAQ:CSCO) shares traded at $47.52, up 0.02% from the previous session.
CSCO stock price is now 0.81% away from the 50-day moving average and -4.61% away from the 200-day moving average. The market capitalization of the company currently stands at $191.45B.
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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, Subaiya Thimaya K., EVP, Operations sold 13,896 shares of the company’s stock on Jun 14 ’24. The stock was sold for $629,767 at an average price of $45.32. Upon completion of the transaction, the EVP, Operations now directly owns 150,787 shares in the company, valued at $7.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’24, EVP and Chief Legal Officer Stahlkopf Deborah L sold 2,619 shares of the business’s stock. A total of $118,759 was realized by selling the stock at an average price of $45.34. This leaves the insider owning 176,384 shares of the company worth $8.38 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 $44.95 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 $205143277568, which is based on a 16.01 price-to-earnings ratio, a 9.60 price-to-earnings-growth ratio, and a beta of 0.84. The fifty day moving average price for CSCO is $47.1284 and a two-hundred day moving average price translates $49.77425 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.
