In Monday’s Wall Street session, Cisco Systems, Inc (NASDAQ:CSCO) shares traded at $63.24, down -1.16% from the previous session.
CSCO stock price is now 4.45% away from the 50-day moving average and 18.76% away from the 200-day moving average. The market capitalization of the company currently stands at $251.59B.
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On February 13, 2025, Rosenblatt Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $66 to quote $80, while ‘Exane BNP Paribas’ rates the stock as ‘Outperform’
In other news, Stahlkopf Deborah L, EVP and Chief Legal Officer sold 11,808 shares of the company’s stock on Feb 21 ’25. The stock was sold for $760,031 at an average price of $64.37. Upon completion of the transaction, the EVP and Chief Legal Officer now directly owns 200,191 shares in the company, valued at $12.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’25, EVP, Operations Subaiya Thimaya K. sold 8,973 shares of the business’s stock. A total of $578,958 was realized by selling the stock at an average price of $64.52. This leaves the insider owning 194,644 shares of the company worth $12.31 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 $66.50. As of last week, the company has a debt-to-equity ratio of 0.71, a current ratio of 0.87, and a quick ratio of 0.79.
The net profit margin was 16.96% and return on equity was 20.02% for CSCO. The company reported revenue of $13.99 billion for the quarter, compared to $12.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.38 percent.
