Cisco Systems, Inc. (NASDAQ:CSCO) traded at $47.86 at close of the session on Friday, April 26, made a downward move of -0.50% on its previous day’s price.
Looking at the stock we see that its previous close was $48.10 . The company has a trailing 12-month PE ratio of 14.57. In terms of its 52-week price range, CSCO has a high of $58.19 and a low of $45.56. The company’s stock has lost about -3.84% over that past 30 days.
Cisco Systems, Inc. has a market cap of $193.79 billion. With its Forward Dividend at 1.57 and a yield of 3.28%, the company’s investors could be anxious for the CSCO stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.83, with the EPS growth for the year raised at $3.68 for 2024 and $3.75 for next year. These figures represent -0.50% and 1.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $12.48 billion, with a low of $12.18 billion and a high of $12.7 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $52.92 billion, or -2.30% down from figures reported last year.
On the other hand, looking at the outlook for the CSCO stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the CSCO stock currently stands at 3.48, and the current price level is -1.67% off its SMA20 and -2.26% from its 50-day simple moving average. The RSI (14) is pointing at 41.19 while the volatility over the past week is 1.34% and jumps to 1.58% over the past one month. The beta value is 0.85, while the average true range (ATR) is currently pointing at 0.75.
Coming back to Cisco Systems, Inc. (NASDAQ:CSCO), we note that the average 3-month trading volume was 19.71 million. Current shares outstanding are 4.07 billion.
The insiders hold 0.23% of the company’s shares while institutions hold 75.42%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -5.27% down in year-to-date price movement.
