As of Thursday close, Cisco Systems Inc.’s (NASDAQ:CSCO) stock was up $0.54, moving up 0.95 percent to $57.35. The average number of shares traded per day over the past five days has been 16,709,100 shares. 5 times new highs have been achieved over the past 5 days, with a $2.11 gain in that time frame. In the last twenty days, the average volume was 19,002,891, while in the previous 50 days, it was 18,263,871.
Since last month, CSCO stock rose 9.07%. Shares of the company fell to $52.24 on 08/03/23, the lowest level in the past month. A 52-week high of $56.91 was reached on 08/31/23 after having rallying from a 52-week low of $38.60. Since the beginning of this year, CSCO’s stock price has risen by 20.38% or $9.71, and marked a new high 23 times. However, the stock has increased by 0.77% since its 52-week high.
CSCO stock investors should be aware that Cisco Systems Inc. (CSCO) stock had its last reported insider trading activity 14 days ago on Aug 18. Robbins Charles, the Chair and CEO of the company, disposed of 17,687 shares for $55.16 on Aug 18. It resulted in a $975,617 divestment by the insider. Martinez Maria sold 10,000 shares at an average price of $55.18 on Aug 18. The insider now owns 399,240 shares following the transaction. On Aug 18, SVP & Chief Acctg Officer Wong Maria Victoria sold 6,186 shares at $54.65 apiece. The transaction was valued at $338,065.
Valuation Metrics
Right now, Cisco Systems Inc. (CSCO) has a P/E ratio of about 18.67. The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 4.07, the price-to-book (PB) ratio of 5.55, and the price-to-cash flow ratio of 15.00 may also be considered.
The latest dividend of $0.39 per share was paid out, remained unchanged from last year’s $0.39.
Financial Health
In the three months ended July 30, 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 July 30 was 0.16, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 62.70% percent. In the year ended July 30, operating margins totaled 24.30%. Based on annual data, CSCO earned $35.75 billion in gross profit and brought in $57.0 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 27.60%.
In Cisco Systems Inc.’s quarter-end financial report for July 30, it reported total debt of $6.66 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 $1.06 quarterly earnings, the actual figure was $1.14 per share, beating the consensus estimate by 7.50%. The liabilities of Cisco Systems Inc. were 57.5 billion at the end of its most recent quarter ended July 30, and its total debt was $8.39 billion.
Technical Picture
This quick technical analysis looks at Cisco Systems Inc.’s (CSCO) price momentum. With a historical volatility rate of 10.28%, the RSI 9-day stood at 78.83% on 31 August.
With respect to its five-day moving average, the current Cisco Systems Inc. price is up by +3.82% percent or $2.11. At present, CSCO shares trade +7.90% above its 20-day simple moving average and +11.73% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.78% above its SMA50 and +28.04% above its SMA200.
Stochastic coefficient K was 95.86% and Stochastic coefficient D was 93.30%, while ATR was 0.79. Given the Stochastic reading of 96.17% for the 14-day period, the RSI (14) reading has been calculated as 74.13%. As of today, the MACD Oscillator reading stands at 0.82, while the 14-day reading stands at 1.57.
Analyst Ratings
Deutsche Bank reiterated its a Hold rating on Cisco Systems Inc. (NASDAQ: CSCO) in a note to investors. The analysts firm has however raised their price target to $58, representing a possible -6.2% increase in the stock price. Cisco Systems Inc. (CSCO) has been rated Overweight by analysts. According to 1 brokerage firm, CSCO is a sell, and 16 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 8 recommending it as overweight.
With a median target price of $58.00, the current consensus forecast for the stock is $45.00 – $68.00. Based on these forecasts, analysts predict Cisco Systems Inc. (CSCO) will achieve an average price target of $58.16.
