In yesterday’s Wall Street session, Cisco Systems, Inc. (NASDAQ:CSCO) shares traded at $49.98, up 1.05% from the previous session.
CSCO stock price is now 6.98% away from the 50-day moving average and 2.74% away from the 200-day moving average. The market capitalization of the company currently stands at $201.36B.
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With the price target enhanced from $46 to $58, HSBC Securities Upgraded its rating from Hold to Buy for Cisco Systems, Inc. (NASDAQ: CSCO). , while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, DEBORAH STAHLKOPF, Officer bought 7,462 shares of the company’s stock on Aug 16 ’24. The stock was bought for $362,131 at an average price of $48.53. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16 ’24, Director CHARLES ROBBINS bought 27,143 shares of the business’s stock. A total of $1,317,250 was incurred on buying the stock at an average price of $48.53. A total of 0.35% of the company’s stock is owned by insiders.
During the past 12 months, Cisco Systems, Inc. has had a low of $44.50 and a high of $58.19. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 0.91, and a quick ratio of 0.83. According to the stock market information, the enterprise value for the company is $213927641088, which is based on a 19.70 price-to-earnings ratio, a 4.89 price-to-earnings-growth ratio, and a beta of 0.82. The fifty day moving average price for CSCO is $46.7936 and a two-hundred day moving average price translates $48.6367 for the stock.
The latest earnings results from Cisco Systems, Inc. (NASDAQ: CSCO) was released for 2024-07-27. The net profit margin was 19.18% and return on equity was 22.98% for CSCO. The company reported revenue of $13.64 billion for the quarter, compared to $15.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.27 percent.
