Wednesday, September 30, 2020

Wolfe Research slashes price target on Cisco Systems Inc. [CSCO] – find out why.

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Cisco Systems Inc. [NASDAQ: CSCO] gained 0.78% or 0.31 points to close at $39.88 with a heavy trading volume of 21846576 shares. The company report on September 9, 2020 that Cisco Declares Quarterly Cash Dividend.

Cisco (NASDAQ: CSCO) announced that earlier today its Board of Directors declared a quarterly cash dividend of $0.36 per common share to be paid on October 21, 2020, to all shareholders of record as of the close of business on October 2, 2020.

Cisco (NASDAQ: CSCO) announced that earlier today its Board of Directors declared a quarterly cash dividend of $0.36 per common share to be paid on October 21, 2020, to all shareholders of record as of the close of business on October 2, 2020.

It opened the trading session at $39.765, the shares rose to $40.05 and dropped to $39.515, the range by which the price of stock traded the whole day. The daily chart for CSCO points out that the company has recorded 5.95% gains over the past six months. However, it is still -23.09% lower than its most recent low trading price.

If we look at the average trading volume of 23.48M shares, CSCO reached to a volume of 21846576 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 3.40. The Price to Book ratio for the last quarter was 4.45, with the Price to Cash per share for the same quarter was set at 7.00. Price to Free Cash Flow for CSCO in the course of the last twelve months was 19.39 with Quick ratio for the last quarter at 1.70.

Trading performance analysis for CSCO stock

Cisco Systems Inc. [CSCO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.61. With this latest performance, CSCO shares dropped by -17.09% in over the last four-week period, additionally plugging by 5.95% over the last 6 months – not to mention a drop of -20.13% 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 28.59, with the RSI for the last a single of trading hit 25.70, and the three-weeks RSI is set at 32.62 for Cisco Systems Inc. [CSCO]. The present Moving Average for the last 50 days of trading for this stock 44.63, while it was recorded at 40.08 for the last single week of trading, and 44.30 for the last 200 days.

Cisco Systems Inc. [CSCO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Cisco Systems Inc. [CSCO] shares currently have an operating margin of +28.60 and a Gross Margin at +63.98. Cisco Systems Inc.’s Net Margin is presently recorded at +22.75.

Return on Equity for this stock inclined to 31.37, with Return on Assets sitting at 11.64.

Cisco Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.

Cisco Systems Inc. [CSCO]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Cisco Systems Inc. posted 0.84/share EPS, while the average EPS was predicted by analysts to be reported at 0.81/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.70%. 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%.

An analysis of insider ownership at Cisco Systems Inc. [CSCO]

There are presently around $123,804 million, or 74.30% of CSCO stock, in the hands of institutional investors. The top three institutional holders of CSCO stocks are: VANGUARD GROUP INC with ownership of 339,202,387, which is approximately -6.388% of the company’s market cap and around 0.04% of the total institutional ownership; BLACKROCK INC., holding 317,702,210 shares of the stock with an approximate value of $12.67 billion in CSCO stocks shares; and STATE STREET CORP, currently with $7.47 billion in CSCO stock with ownership of nearly 0.75% of the company’s market capitalization.

Positions in Cisco Systems Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 1,314 institutional holders increased their position in Cisco Systems Inc. [NASDAQ:CSCO] by around 169,591,968 shares. Additionally, 1,080 investors decreased positions by around 147,851,615 shares, while 231 investors held positions by with 2,786,961,250 shares. The mentioned changes placed institutional holdings at 3,104,404,833 shares, according to the latest SEC report filing. CSCO stock had 185 new institutional investments in for a total of 19,028,221 shares, while 91 institutional investors sold positions of 13,033,767 shares during the same period.

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