Cisco Systems, Inc. (NASDAQ:CSCO) shares, rose in value, with the stock price up by 0.91% to the previous day’s close as strong demand from buyers drove the stock to $48.55.
Actively observing the price movement in the last trading, the stock closed the session at $48.11. The value of beta (5-year monthly) was 0.85 whereas the PE ratio was 14.78 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 -1.26% over the past month.
With the market capitalization of Cisco Systems, Inc. currently standing at about $196.59 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 15, 2024. The company’s Forward Dividend Ratio is 1.57, with its dividend yield at 3.23%. 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 $0.84, which is expected to increase to $0.93 for fiscal year $3.7 and then to about $3.8 by fiscal year 2025.
Analysts have estimated the company’s revenue for the quarter at $12.34 billion, with a low estimate of $12.14 billion and a high estimate of $12.7 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $52.56 billion, representing a decrease of -3.00% 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 1 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 3.57, with the price of CSCO currently trading nearly -1.95% and -2.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.52, while the 7-day volatility ratio is showing 1.70% which for the 30-day chart, stands at 1.35%. Furthermore, Cisco Systems, Inc. (CSCO)’s beta value is 0.85, and its average true range (ATR) is 0.70.
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 0.91% in last session, and over the past year, it shrunk by -6.31%%.
Data on historical trading for Cisco Systems, Inc. (NASDAQ:CSCO) indicates that the trading volumes over the past 10 days have averaged 17.76 million and over the past 3 months, they’ve averaged 19.81 million. According to company’s latest data on outstanding shares, there are 4.07 billion shares outstanding.
Nearly 0.23% of Cisco Systems, Inc.’s shares belong to company insiders and institutional investors own 75.61% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 44.28 million shares as on Mar 15, 2024, resulting in a short ratio of 2.03. According to the data, the short interest in Cisco Systems, Inc. (CSCO) stood at 1.09% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 46.95 million. The stock has fallen by -3.90% 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.
