In yesterday’s Wall Street session, Cisco Systems, Inc (NASDAQ:CSCO) shares traded at $59.43, up 0.37% from the previous session.
CSCO stock price is now 6.45% away from the 50-day moving average and 18.81% away from the 200-day moving average. The market capitalization of the company currently stands at $236.38B.
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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, Wong Maria Victoria, SVP & Chief Acctg Officer sold 4,881 shares of the company’s stock on Nov 27 ’24. The stock was sold for $291,542 at an average price of $59.73. Upon completion of the transaction, the SVP & Chief Acctg Officer now directly owns 51,931 shares in the company, valued at $3.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’24, Officer Wong Maria Victoria bought 4,881 shares of the business’s stock. A total of $291,542 was incurred on buying the stock at an average price of $59.73. 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 $44.50 and a high of $59.87. As of last week, the company has a debt-to-equity ratio of 0.74, 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 $250441695232, which is based on a 25.59 price-to-earnings ratio, a 6.34 price-to-earnings-growth ratio, and a beta of 0.84. The fifty day moving average price for CSCO is $55.6818 and a two-hundred day moving average price translates $49.97045 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.
