As of Wednesday close, Cisco Systems Inc.’s (NASDAQ:CSCO) stock was down -$0.39, moving down -0.73 percent to $52.96. The average number of shares traded per day over the past five days has been 19,604,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.03 fall in that time frame. In the last twenty days, the average volume was 19,021,650, while in the previous 50 days, it was 17,921,264.
Since last month, CSCO stock rose 3.36%. Shares of the company fell to $50.14 on 07/17/23, the lowest level in the past month. A 52-week high of $54.14 was reached on 08/10/23 after having rallying from a 52-week low of $38.60. Since the beginning of this year, CSCO’s stock price has risen by 11.17% or $5.32, and marked a new high 17 times. However, the stock has declined by -2.18% since its 52-week high.
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CSCO stock investors should be aware that Cisco Systems Inc. (CSCO) stock had its last reported insider trading activity 56 days ago on Jun 22. Martinez Maria, the EVP & Chief Operating Officer of the company, disposed of 10,000 shares for $50.88 on Jun 22. It resulted in a $508,798 divestment by the insider. Herren Richard Scott sold 2,579 shares at an average price of $50.65 on Jun 22. The insider now owns 281,493 shares following the transaction. On Jun 14, Director MCGEARY RODERICK C sold 10,000 shares at $50.96 apiece. The transaction was valued at $509,628.
Valuation Metrics
Right now, Cisco Systems Inc. (CSCO) has a P/E ratio of about 19.04. The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 3.90, the price-to-book (PB) ratio of 5.12, and the price-to-cash flow ratio of 12.71 may also be considered.
The latest dividend of $0.39 per share was paid out, remained unchanged from last year’s $0.39. On Wednesday February 15 2023, a $0.01 dividend increase was announced.
Financial Health
In the three months ended April 29, Cisco Systems Inc.’s quick ratio stood at 1.30, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.16, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 62.00% percent. In the year ended April 29, EBITDA margin amounted to 31.18%, whereas operating margins totaled 25.90%. Based on annual data, CSCO earned $32.25 billion in gross profit and brought in $51.56 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 22.90%. Return on equity (ROE) for the past 12 months was 28.00%.
In Cisco Systems Inc.’s quarter-end financial report for April 29, it reported total debt of $6.66 billion against cash and short-term investments of $15.24 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CSCO’s revenue rose 11.91% to $13.59 billion during the quarter, while net income inched up to $14.57 billion. While analysts expected Cisco Systems Inc. to report $0.97 quarterly earnings, the actual figure was $1 per share, beating the consensus estimate by 3.10%. During the quarter, the company generated $4.4 billion in EBITDA. The liabilities of Cisco Systems Inc. were 55.23 billion at the end of its most recent quarter ended April 29, and its total debt was $9.49 billion. The value of shareholders’ equity is $4.08 billion.
Technical Picture
This quick technical analysis looks at Cisco Systems Inc.’s (CSCO) price momentum. With a historical volatility rate of 10.79%, the RSI 9-day stood at 50.21% on 16 August.
With respect to its five-day moving average, the current Cisco Systems Inc. price is down by -0.06% percent or -$0.03. At present, CSCO shares trade +1.01% above its 20-day simple moving average and +6.50% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.48% above its SMA50 and +19.23% above its SMA200.
Stochastic coefficient K was 69.03% and Stochastic coefficient D was 76.81%, while ATR was 0.75. Given the Stochastic reading of 50.83% for the 14-day period, the RSI (14) reading has been calculated as 53.66%. As of today, the MACD Oscillator reading stands at 0.17, while the 14-day reading stands at 0.43.
Analyst Ratings
Exane BNP Paribas launched its rating on Cisco Systems Inc. (NASDAQ: CSCO) to an Underperform in a note to investors on July 20, 2023. Cisco Systems Inc. (CSCO) has been rated Overweight by analysts. According to 1 brokerage firm, CSCO is a sell, and 15 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Cisco Systems Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $55.90, the current consensus forecast for the stock is $45.00 – $64.00. Based on these forecasts, analysts predict Cisco Systems Inc. (CSCO) will achieve an average price target of $55.84.
