The stock of Cisco Systems, Inc. (NASDAQ:CSCO) last traded at $50.06, down -0.95% from the previous session.
CSCO stock price is now 5.13% away from the 50-day moving average and 3.14% away from the 200-day moving average. The market capitalization of the company currently stands at $201.68B.
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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, Wong Maria Victoria, SVP & Chief Acctg Officer sold 3,379 shares of the company’s stock on Aug 28 ’24. The stock was sold for $170,166 at an average price of $50.36. Upon completion of the transaction, the SVP & Chief Acctg Officer now directly owns 47,182 shares in the company, valued at $2.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 28 ’24, Officer Wong Maria Victoria bought 3,379 shares of the business’s stock. A total of $170,166 was incurred on buying the stock at an average price of $50.36. A total of 0.22% 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 $214249078784, which is based on a 19.73 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 $47.6744 and a two-hundred day moving average price translates $48.51985 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.
