The stock of Cisco Systems, Inc (NASDAQ:CSCO) last traded at $55.83, up 0.59% from the previous session.
CSCO stock price is now 5.88% away from the 50-day moving average and 13.24% away from the 200-day moving average. The market capitalization of the company currently stands at $225.51B.
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With the price target enhanced from $52 to $62, Citigroup Upgraded its rating from Neutral to Buy for Cisco Systems, Inc (NASDAQ: CSCO). On August 16, 2024, HSBC Securities Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $46 to quote $58, while ‘New Street’ rates the stock as ‘Buy’
In other news, Wong Maria Victoria, SVP & Chief Acctg Officer sold 638 shares of the company’s stock on Sep 12 ’24. The stock was sold for $31,319 at an average price of $49.09. Upon completion of the transaction, the SVP & Chief Acctg Officer now directly owns 46,017 shares in the company, valued at $2.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, EVP, Operations Subaiya Thimaya K. sold 1,328 shares of the business’s stock. A total of $64,966 was realized by selling the stock at an average price of $48.92. This leaves the insider owning 132,910 shares of the company worth $7.42 million. A total of 0.24% 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 $57.06. As of last week, the company has a debt-to-equity ratio of 0.71, 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 $236441731072, which is based on a 22.00 price-to-earnings ratio, a 5.81 price-to-earnings-growth ratio, and a beta of 0.83. The fifty day moving average price for CSCO is $52.63 and a two-hundred day moving average price translates $49.28065 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.
