Cisco Systems Inc. (NASDAQ:CSCO) finished Thursday with an addition of $0.68 to close at $53.88, an upside of 1.28 percent. An average of 16,152,540 shares of common stock have been traded in the last five days. There was a gain of $0.54 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 17,317,930 shares traded, while the 50-day average volume stands at 18,632,408.
CSCO stock has decreased by -4.74% in the last month. The company shares reached their 1-month lowest point of $52.53 on 09/27/23. With the stock rallying to its 52-week high on 09/01/23, shares of the company touched a low of $38.60 and a high of $58.19 in 52 weeks. It has reached a new high 24 times so far this year and achieved 13.10% or $6.24 in price. In spite of this, the price is down -7.40% from the 52-week high.
Insider Transactions
CSCO stock investors should be aware that Cisco Systems Inc. (CSCO) stock had its last reported insider trading activity 16 days ago on Sep 13. In this transaction, the insider spent $169,900. EVP & Chief Cust & Prtnr Offcr, Sharritts Jeffery S., disposed of 2,421 shares at a price of $56.22 on Sep 13. The insider now owns more than $136,116 worth of shares. Prior to that, SVP & Chief Acctg Officer Wong Maria Victoria went on to Sale 206 shares at $56.30 each on Sep 13. An amount of $11,598 was transacted.
Valuation Metrics
Cisco Systems Inc. (CSCO) has a trailing price-to-earnings (P/E) ratio of 17.55. The stock’s beta is 0.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.83, the price-to-book (PB) ratio at 4.94, and the price-to-cash flow ratio at 11.48.
Financial Health
The quick ratio of Cisco Systems Inc. for the three months ended July 30 was 1.18, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.21 for the quarter ending July 30. Its gross profit as reported stood at $35.75 billion compared to revenue of $57.0 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Cisco Systems Inc.’s return on assets was 12.88%.
Earnings Surprise
For the three-month period that ended July 30, Cisco Systems Inc. had $6.66 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.96 billion in the quarter, while revenues of $3.21 billion were grew 28.88%. The analyst consensus anticipated Cisco Systems Inc.’s latest quarter earnings to come in at $1.06 per share, but it turned out to be $1.14, a 7.50% surprise. For the quarter, EBITDA amounted to $4.67 billion. Shareholders own equity worth $4.05 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Cisco Systems Inc. (CSCO) price momentum. RSI 9-day as of the close on 28 September was 39.52%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.06%.
As of today, CSCO’s price is $53.37 +1.01% or $0.54 from its 5-day moving average. CSCO is currently trading -5.16% lower than its 20-day SMA and +16.50% higher than its 100-day SMA. However, the stock’s current price level is +2.77% above the SMA50 and +11.18% above the SMA200.
The stochastic %K and %D were 16.03% and 12.26%, respectively, and the average true range (ATR) was 0.83. With the 14-day stochastic at 30.44% and the average true range at 0.80, the RSI (14) stands at 42.02%. The stock has reached -0.92 on the 9-day MACD Oscillator while the 14-day reading was at -1.70.
Analyst Ratings
Deutsche Bank reiterated its a Hold rating on Cisco Systems Inc. (NASDAQ: CSCO), but raised their price target to $54, indicating a potential price increase of 0.22% for the stock. The consensus rating for Cisco Systems Inc. (CSCO) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CSCO, while 15 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 others rate it as a “buy”.
What is CSCO’s price target for the next 12 months?
Analysts predict a range of price targets between $45.00 and $68.00, with a median target of $59.25. Taking a look at these predictions, the average price target given by analysts for Cisco Systems Inc. (CSCO) stock is $58.78.
