Cisco Systems, Inc. (NASDAQ: CSCO) has a price-to-earnings ratio of 14.34x that is above its average ratio. Additionally, the 36-month beta value for CSCO is 0.85. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 8 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for CSCO is 4.04B and currently, short sellers hold a 1.28% ratio of that float. The average trading volume of CSCO on May 06, 2024 was 19.50M shares.
CSCO) stock’s latest price update
The stock price of Cisco Systems, Inc. (NASDAQ: CSCO) has surged by 0.71 when compared to previous closing price of 46.79, but the company has seen a -1.55% decline in its stock price over the last five trading sessions. Investors Business Daily reported 2024-05-05 that The outlook for CSCO stock depends on trends for cloud computing, plus corporate and telecom networks amid the shift to remote work.
CSCO’s Market Performance
CSCO’s stock has fallen by -1.55% in the past week, with a monthly drop of -2.06% and a quarterly drop of -6.10%. The volatility ratio for the week is 1.46% while the volatility levels for the last 30 days are 1.56% for Cisco Systems, Inc. The simple moving average for the past 20 days is -2.20% for CSCO’s stock, with a -8.13% simple moving average for the past 200 days.
Analysts’ Opinion of CSCO
Many brokerage firms have already submitted their reports for CSCO stocks, with JP Morgan repeating the rating for CSCO by listing it as a “Neutral.” The predicted price for CSCO in the upcoming period, according to JP Morgan is $53 based on the research report published on April 22, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see CSCO reach a price target of $60, previously predicting the price at $55. The rating they have provided for CSCO stocks is “Buy” according to the report published on April 15th, 2024.
Citigroup gave a rating of “Neutral” to CSCO, setting the target price at $52 in the report published on April 12th of the current year.
CSCO Trading at -3.45% from the 50-Day Moving Average
After a stumble in the market that brought CSCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.02% of loss for the given period.
Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 1.46%, as shares sank -2.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.99% lower at present.
During the last 5 trading sessions, CSCO fell by -1.55%, which changed the moving average for the period of 200-days by -10.13% in comparison to the 20-day moving average, which settled at $48.11. In addition, Cisco Systems, Inc. saw -6.73% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CSCO starting from Stahlkopf Deborah L, who sale 237 shares at the price of $50.27 back on Mar 14 ’24. After this action, Stahlkopf Deborah L now owns 191,322 shares of Cisco Systems, Inc., valued at $11,914 using the latest closing price.
Sharritts Jeffery S., the EVP & Chief Cust & Prtnr Offcr of Cisco Systems, Inc., sale 132 shares at $50.27 during a trade that took place back on Mar 14 ’24, which means that Sharritts Jeffery S. is holding 245,657 shares at $6,636 based on the most recent closing price.
Stock Fundamentals for CSCO
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.65 for the gross margin
The net margin for Cisco Systems, Inc. stands at 0.23. The total capital return value is set at 0.22. Equity return is now at value 30.65, with 13.65 for asset returns.
Based on Cisco Systems, Inc. (CSCO), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 1.2. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 34.55.
Currently, EBITDA for the company is 18.0 billion with net debt to EBITDA at -0.09. When we switch over and look at the enterprise to sales, we see a ratio of 3.31. The receivables turnover for the company is 6.85for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
In conclusion, Cisco Systems, Inc. (CSCO) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
