Cisco Systems Inc. [NASDAQ: CSCO] slipped around -0.66 points on Tuesday, while shares priced at $41.88 at the close of the session, down -1.55%. The company report on November 17, 2020 that ADRIQ and Mitacs partner to promote innovation, research, and growth in Quebec.
Association pour le développement de la recherche et de l’innovation du Québec (ADRIQ) and Mitacs collaborate on research solutions for current industry and commercial challenges to foster economic growth.
MONTRÉAL, Nov. 17, 2020 /CNW/ – Mitacs and ADRIQ are joining forces to promote private sector innovation, research, and growth in Quebec. Their partnership agreement will enable increased collaboration within the Quebec innovation ecosystem. Together, they will help companies, the research ecosystem, and other innovation players to produce solutions for current challenges, while fostering economic growth based on the advancement of knowledge.
Cisco Systems Inc. stock is now -12.68% down from its year-to-date (YTD) trading value. CSCO Stock saw the intraday high of $42.345 and lowest of $41.62 per share. The company’s 52-week high price is 50.28, which means current price is +29.26% above from all time high which was touched on 02/12/20.
Compared to the average trading volume of 24.98M shares, CSCO reached a trading volume of 23130232 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $47.39 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 2.50. 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.
New Street have made an estimate for Cisco Systems Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 13, 2020. While these analysts kept the previous recommendation, Citigroup dropped their target price from $48 to $43. The new note on the price target was released on October 12, 2020, representing the official price target for Cisco Systems Inc. stock. Previously, the target price had yet another raise to $41, while UBS analysts kept a Neutral rating on CSCO stock.
The Average True Range (ATR) for Cisco Systems Inc. is set at 1.08, with the Price to Sales ratio for CSCO stock in the period of the last 12 months amounting to 3.45. The Price to Book ratio for the last quarter was 4.67, with the Price to Cash per share for the same quarter was set at 7.43. Price to Free Cash Flow for CSCO in the course of the last twelve months was 18.80 with Quick ratio for the last quarter at 1.70.
How has CSCO stock performed recently?
Cisco Systems Inc. [CSCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.16. With this latest performance, CSCO shares gained by 6.56% in over the last four-week period, additionally sinking by -7.83% over the last 6 months – not to mention a drop of -7.24% 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 67.43, with the RSI for the last a single of trading hit 72.20, and the three-weeks RSI is set at 61.79 for Cisco Systems Inc. [CSCO]. The present Moving Average for the last 50 days of trading for this stock 38.94, while it was recorded at 40.76 for the last single week of trading, and 42.43 for the last 200 days.
Cisco Systems Inc. [CSCO]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Cisco Systems Inc. [CSCO] shares currently have an operating margin of +28.60 and a Gross Margin at +63.98. Cisco Systems Inc.’s Net Margin is presently recorded at +22.75.
Return on Total Capital for CSCO is now 25.23, given the latest momentum, and Return on Invested Capital for the company is 22.84. Return on Equity for this stock inclined to 31.37, with Return on Assets sitting at 11.64. When it comes to the capital structure of this company, Cisco Systems Inc. [CSCO] has a Total Debt to Total Equity ratio set at 41.10. Additionally, CSCO Total Debt to Total Capital is recorded at 29.13, with Total Debt to Total Assets ending up at 16.43. Long-Term Debt to Equity for the company is recorded at 32.28, with the Long-Term Debt to Total Capital now at 22.87.
Reflecting on the efficiency of the workforce at the company, Cisco Systems Inc. [CSCO] managed to generate an average of $144,697 per employee. Receivables Turnover for the company is 4.67 with a Total Asset Turnover recorded at a value of 0.51.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.
Earnings analysis for Cisco Systems Inc. [CSCO]
With the latest financial reports released by the company, Cisco Systems Inc. posted 0.77/share EPS, while the average EPS was predicted by analysts to be reported at 0.76/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.30%. 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 6.14%.
Insider trade positions for Cisco Systems Inc. [CSCO]
There are presently around $127,868 million, or 74.20% of CSCO stock, in the hands of institutional investors. The top three institutional holders of CSCO stocks are: VANGUARD GROUP INC with ownership of 334,105,443, which is approximately -1.503% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 321,423,547 shares of the stock with an approximate value of $13.46 billion in CSCO stocks shares; and STATE STREET CORP, currently with $7.72 billion in CSCO stock with ownership of nearly -1.602% of the company’s market capitalization.
Positions in Cisco Systems Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 1,167 institutional holders increased their position in Cisco Systems Inc. [NASDAQ:CSCO] by around 134,813,798 shares. Additionally, 1,247 investors decreased positions by around 175,547,071 shares, while 196 investors held positions by with 2,742,841,689 shares. The mentioned changes placed institutional holdings at 3,053,202,558 shares, according to the latest SEC report filing. CSCO stock had 105 new institutional investments in for a total of 26,959,938 shares, while 163 institutional investors sold positions of 17,834,687 shares during the same period.