As of Wednesday close, Cisco Systems Inc.’s (NASDAQ:CSCO) stock was down -$0.34, moving down -0.61 percent to $55.50. The average number of shares traded per day over the past five days has been 18,916,939 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.78 fall in that time frame. In the last twenty days, the average volume was 16,245,890, while in the previous 50 days, it was 18,630,023.
Since last month, CSCO stock rose 0.11%. Shares of the company fell to $55.15 on 08/21/23, the lowest level in the past month. A 52-week high of $58.19 was reached on 09/01/23 after having rallying from a 52-week low of $38.60. Since the beginning of this year, CSCO’s stock price has risen by 16.50% or $7.86, and marked a new high 24 times. However, the stock has declined by -4.61% since its 52-week high.
CSCO stock investors should be aware that Cisco Systems Inc. (CSCO) stock had its last reported insider trading activity 8 days ago on Sep 13. Stahlkopf Deborah L, the EVP and Chief Legal Officer of the company, disposed of 3,022 shares for $56.22 on Sep 13. It resulted in a $169,900 divestment by the insider. Sharritts Jeffery S. sold 2,421 shares at an average price of $56.22 on Sep 13. The insider now owns 229,351 shares following the transaction. On Sep 13, SVP & Chief Acctg Officer Wong Maria Victoria sold 206 shares at $56.30 apiece. The transaction was valued at $11,598.
Valuation Metrics
Right now, Cisco Systems Inc. (CSCO) has a P/E ratio of about 18.07. The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 3.97, the price-to-book (PB) ratio of 5.10, and the price-to-cash flow ratio of 11.89 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 0.15, and the total debt-to-equity ratio was 0.19. On the profitability front, the trailing twelve-month gross margin is 62.70% percent. In the year ended July 30, operating margins totaled 26.40%. 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 23.40%. Return on equity (ROE) for the past 12 months was 30.00%.
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 13.82% to $14.57 billion during the quarter, while net income inched up to $15.2 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%. During the quarter, the company generated $4.67 billion in EBITDA. 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 $9.45 billion. The value of shareholders’ equity is $4.05 billion.
Technical Picture
This quick technical analysis looks at Cisco Systems Inc.’s (CSCO) price momentum. With a historical volatility rate of 5.43%, the RSI 9-day stood at 37.81% on 20 September.
With respect to its five-day moving average, the current Cisco Systems Inc. price is down by -1.39% percent or -$0.78. At present, CSCO shares trade +0.07% above its 20-day simple moving average and +19.20% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.49% above its SMA50 and +11.07% above its SMA200.
Stochastic coefficient K was 12.62% and Stochastic coefficient D was 18.99%, while ATR was 0.62. Given the Stochastic reading of 2.36% for the 14-day period, the RSI (14) reading has been calculated as 48.04%. As of today, the MACD Oscillator reading stands at -0.41, while the 14-day reading stands at -0.79.
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 -2.78% 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 $59.00, 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 $58.58.
