Cisco Systems, Inc. (NASDAQ:CSCO) price on Wednesday, May 09, rose 1.52% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $48.00.
A look at the stock’s price movement, the close in the last trading session was $47.28. The PE ratio in trailing twelve months stood at 14.61. Turning to its 52-week performance, $58.19 and $45.70 were the 52-week high and 52-week low respectively. Overall, CSCO moved -4.02% over the past month.
Cisco Systems, Inc.’s market cap currently stands at around $194.36 billion. The company has a Forward Dividend ratio of 1.57, with its dividend yield at 3.27%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 12.5B for the company’s revenue for the quarter, with a low and high estimate of 12.18B and 12.71B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 52.97B, representing a -2.20% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CSCO is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 3.49, with CSCO’s current price about 0.18% and -1.47% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.58, while 7-day volatility ratio is 1.23% and 1.45% in the 30-day chart. Further, Cisco Systems, Inc. (CSCO) has a beta value of 0.85, and an average true range (ATR) of 0.71.
If we refocus on Cisco Systems, Inc. (NASDAQ:CSCO), historical trading data shows that trading volumes averaged 19.35 million over the past 3 months. The company’s latest data on shares outstanding shows there are 4.07 billion shares.
The 0.23% of Cisco Systems, Inc.’s shares are in the hands of company insiders while institutional holders own 75.43% of the company’s shares. Current price change has pushed the stock -4.99% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CSCO stock continues to rise going into the next quarter.
