Cisco Systems Inc. (NASDAQ:CSCO) saw a downside of -0.17% to close Monday at $53.48 after subtracting -$0.09 on the day. The 5-day average trading volume is 18,501,020 shares of the company’s common stock. It has gained $56.21 in the past week and touched a new high 1 time within the past 5 days. An average of 17,144,225 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 18,745,441.
CSCO’s 1-month performance is -3.19% or -$2.22 on its low of $52.85 reached on 09/21/23. The company’s shares have touched a 52-week low of $38.60 and high of $58.19, with the stock’s rally to the 52-week high happening on 09/01/23. YTD, CSCO has achieved 12.26% or $5.84 and has reached a new high 24 times. However, the current price is down -8.09% from the 52-week high price.
Insider Transactions
CSCO stock investors last saw insider trading activity on Sep 13.Stahlkopf Deborah L (EVP and Chief Legal Officer) most recently sold 3,022 shares at $56.22 per share on Sep 13. This transaction cost the insider $169,900. EVP & Chief Cust & Prtnr Offcr, Sharritts Jeffery S., sold 2,421 shares at a price of $56.22 on Sep 13. Then, on Sep 13, SVP & Chief Acctg Officer Wong Maria Victoria sold 206 shares at a price of $56.30 per share. This transaction amounted to $11,598.
Valuation Metrics
CSCO stock has a beta of 0.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.80 while the price-to-book (PB) in the most recent quarter is 4.90, with the price to cash flow ratio at 11.39.
Cisco Systems Inc.’s quick ratio for the period ended July 30 was 1.18, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.17, while the total debt to equity was 0.21. In terms of profitability, the gross margin trailing 12 months is 62.91%. The firm’s gross profit as reported stood at $35.75 billion against revenue of $57.0 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 28.88% to $3.96 billion, while revenue of $3.21 billion was 18.85% off the previous quarter. Analysts expected CSCO to announce $1.06 per share in earnings in its latest quarter, but it posted $1.14, representing a 7.50% surprise. EBITDA for the quarter stood at more than $4.67 billion. CSCO stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 57.5 billion, with total debt at $9.45 billion. Shareholders hold equity totaling $4.05 billion.
Let’s look briefly at Cisco Systems Inc. (CSCO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 23.50% to suggest the stock is trending oversold, with historical volatility in this time period at 19.12%.
The stock’s 5-day moving average is $54.35, reflecting a -4.69% or -$2.63 change from its current price. CSCO is currently trading -3.99% above its 20-day SMA, +15.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.15% and SMA200 by+10.06%.
Stochastic %K and %D was 12.44% and 9.87% and the average true range (ATR) pointed at 0.79. The RSI (14) points at 33.96%, while the 14-day stochastic is at 13.64% with the period’s ATR at 0.77. The stock’s 9-day MACD Oscillator is pointing at -1.71 and -2.28 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Cisco Systems Inc. (NASDAQ: CSCO), Deutsche Bank reiterated its a Hold rating for the company but lifted their price target by $54 to $58. Analysts offering their rating for CSCO stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CSCO as a “sell,”, while 15 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.
What is CSCO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $45.00 and a high of $68.00, with their median price target at $59.25. Looking at these predictions, the average price target given by analysts is for Cisco Systems Inc. (CSCO) stock is $58.78.
