Cisco Systems, Inc. (NASDAQ:CSCO) shares, rose in value, with the stock price down by -1.73% to the previous day’s close as strong demand from buyers drove the stock to $48.93.
Actively observing the price movement in the last trading, the stock closed the session at $49.79. The value of beta (5-year monthly) was 0.85 whereas the PE ratio was 14.89 over 12-month period. Referring to stock’s 52-week performance, its high was $58.19, and the low was $45.56. On the whole, CSCO has fluctuated by -2.68% over the past month.
With the market capitalization of Cisco Systems, Inc. currently standing at about $198.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 15, 2024. The company’s Forward Dividend Ratio is 1.56, with its dividend yield at 3.19%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.85, which is expected to increase to $0.93 for fiscal year $3.72 and then to about $3.8 by fiscal year 2025. Data indicates that the EPS growth is expected to be 0.50% in 2025, while the next year’s EPS growth is forecast to be 2.20%.
Analysts have estimated the company’s revenue for the quarter at $12.22 billion, with a low estimate of $12.14 billion and a high estimate of $12.32 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $52.23 billion, representing a decrease of -3.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CSCO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.68, with the price of CSCO currently trading nearly -0.05% and -2.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.93, while the 7-day volatility ratio is showing 1.42% which for the 30-day chart, stands at 1.42%. Furthermore, Cisco Systems, Inc. (CSCO)’s beta value is 0.85, and its average true range (ATR) is 0.72.
A comparison of Cisco Systems, Inc. (CSCO) with its peers suggests the former has fared considerably weaker in the market. CSCO showed an intraday change of -1.73% in last session, and over the past year, it shrunk by -0.26%%.
Data on historical trading for Cisco Systems, Inc. (NASDAQ:CSCO) indicates that the trading volumes over the past 10 days have averaged 19.25 million and over the past 3 months, they’ve averaged 19.41 million. According to company’s latest data on outstanding shares, there are 4.07 billion shares outstanding.
Nearly 0.22% of Cisco Systems, Inc.’s shares belong to company insiders and institutional investors own 75.58% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 42.28 million shares as on Feb 29, 2024, resulting in a short ratio of 2.03. According to the data, the short interest in Cisco Systems, Inc. (CSCO) stood at 1.04% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 43.56 million. The stock has fallen by -3.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CSCO stock heading into the next quarter.
