Wolfe Research Initiated Cisco Systems Inc. [CSCO]. What else is Wall St. saying?

Cisco Systems Inc. [NASDAQ: CSCO] closed the trading session at $47.43 on 08/07/20. The day’s price range saw the stock hit a low of $47.03, while the highest price level was $47.60. The company report on August 7, 2020 that Cisco Completes Acquisition Of ThousandEyes.

Cisco (NASDAQ: CSCO) today announced it completed the acquisition of ThousandEyes. ThousandEyes’ internet and cloud intelligence platform expands visibility and insights into the digital delivery of applications and services over the internet and the cloud. ThousandEyes enables organizations to visualize any network as if it was their own, quickly surface actionable insights, and collaborate and solve problems with service providers.

Cisco’s strength in network and application performance, combined with visibility into the internet enabled by ThousandEyes, now allows customers to have an end-to-end view into the digital delivery of applications and services over the internet. This combination enables customers to pinpoint deficiencies and improve network and application performance across enterprise and cloud networks.

The stocks have a year to date performance of -1.11 percent and weekly performance of 0.70 percent. The stock has been moved at -1.13 percent over the last six months. The stock has performed 1.56 percent around the most recent 30 days and changed 10.33 percent over the most recent 3-months.

If compared to the average trading volume of 22.47M shares, CSCO reached to a volume of 16997988 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Cisco Systems Inc. [CSCO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CSCO shares is $49.35 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CSCO stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for Cisco Systems Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 24, 2020. The new note on the price target was released on July 16, 2020, representing the official price target for Cisco Systems Inc. stock. Previously, the target price had yet another raise to $54, while Morgan Stanley analysts kept a Overweight rating on CSCO stock. On June 16, 2020, analysts increased their price target for CSCO shares from 48 to 55.

The Average True Range (ATR) for Cisco Systems Inc. is set at 0.90, with the Price to Sales ratio for CSCO stock in the period of the last 12 months amounting to 3.99. The Price to Book ratio for the last quarter was 5.62, with the Price to Cash per share for the same quarter was set at 6.72. Price to Free Cash Flow for CSCO in the course of the last twelve months was 22.88 with Quick ratio for the last quarter at 1.50.

CSCO stock trade performance evaluation

Cisco Systems Inc. [CSCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.70. With this latest performance, CSCO shares gained by 1.56% in over the last four-week period, additionally sinking by -1.13% over the last 6 months – not to mention a drop of -10.78% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CSCO stock in for the last two-week period is set at 53.41, with the RSI for the last a single of trading hit 55.96, and the three-weeks RSI is set at 54.97 for Cisco Systems Inc. [CSCO]. The present Moving Average for the last 50 days of trading for this stock 46.47, while it was recorded at 47.47 for the last single week of trading, and 44.83 for the last 200 days.

Cisco Systems Inc. [CSCO]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Cisco Systems Inc. [CSCO] shares currently have an operating margin of +28.01 and a Gross Margin at +63.91. Cisco Systems Inc.’s Net Margin is presently recorded at +22.39.

Return on Total Capital for CSCO is now 22.89, given the latest momentum, and Return on Invested Capital for the company is 20.83. Return on Equity for this stock inclined to 30.27, with Return on Assets sitting at 11.25. When it comes to the capital structure of this company, Cisco Systems Inc. [CSCO] has a Total Debt to Total Equity ratio set at 73.47. Additionally, CSCO Total Debt to Total Capital is recorded at 42.35, with Total Debt to Total Assets ending up at 25.22. Long-Term Debt to Equity for the company is recorded at 43.12, with the Long-Term Debt to Total Capital now at 24.86.

Reflecting on the efficiency of the workforce at the company, Cisco Systems Inc. [CSCO] managed to generate an average of $153,109 per employee. Receivables Turnover for the company is 4.92 with a Total Asset Turnover recorded at a value of 0.50.Cisco Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.60.

Earnings per share (EPS) analysis for Cisco Systems Inc. [CSCO] stock

With the latest financial reports released by the company, Cisco Systems Inc. posted 0.83/share EPS, while the average EPS was predicted by analysts to be reported at 0.82/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CSCO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cisco Systems Inc. go to 6.18%.

Cisco Systems Inc. [CSCO]: Insider Ownership positions

There are presently around $147,026 million, or 74.70% of CSCO stock, in the hands of institutional investors. The top three institutional holders of CSCO stocks are: VANGUARD GROUP INC with ownership of 362,349,634, which is approximately 2.661% of the company’s market cap and around 0.04% of the total institutional ownership; BLACKROCK INC., holding 323,155,278 shares of the stock with an approximate value of $15.33 billion in CSCO stocks shares; and STATE STREET CORP, currently with $8.81 billion in CSCO stock with ownership of nearly -0.912% of the company’s market capitalization.

Positions in Cisco Systems Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 1,284 institutional holders increased their position in Cisco Systems Inc. [NASDAQ:CSCO] by around 216,837,518 shares. Additionally, 1,142 investors decreased positions by around 175,786,497 shares, while 201 investors held positions by with 2,707,233,421 shares. The mentioned changes placed institutional holdings at 3,099,857,436 shares, according to the latest SEC report filing. CSCO stock had 164 new institutional investments in for a total of 34,849,189 shares, while 139 institutional investors sold positions of 18,798,595 shares during the same period.

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