In yesterday’s Wall Street session, Cisco Systems, Inc (NASDAQ:CSCO) shares traded at $57.31, down -0.26% from the previous session.
CSCO stock price is now 5.44% away from the 50-day moving average and 15.48% away from the 200-day moving average. The market capitalization of the company currently stands at $226.62B.
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With the price target maintained at $66, JP Morgan recently Upgraded its rating from Neutral to Overweight for Cisco Systems, Inc (NASDAQ: CSCO). On October 16, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $52 to quote $62, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, RICHARD SCOTT HERREN, Officer bought 86,351 shares of the company’s stock on Nov 15 ’24. The stock was bought for $5,001,450 at an average price of $57.92. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15 ’24, Director CHARLES ROBBINS bought 171,744 shares of the business’s stock. A total of $9,947,412 was incurred on buying the stock at an average price of $57.92. 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 $59.38. As of last week, the company has a debt-to-equity ratio of 0.71, a current ratio of 0.88, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $242581405696, which is based on a 24.67 price-to-earnings ratio, a 6.17 price-to-earnings-growth ratio, and a beta of 0.83. The fifty day moving average price for CSCO is $54.1798 and a two-hundred day moving average price translates $49.5938 for the stock.
The latest earnings results from Cisco Systems, Inc (NASDAQ: CSCO) was released for 2024-10-26. The net profit margin was 17.73% and return on equity was 20.76% for CSCO. The company reported revenue of $13.84 billion for the quarter, compared to $14.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.64 percent. For the current quarter, analysts expect CSCO to generate $13.85B in revenue.
