Cisco Systems Inc. [NASDAQ: CSCO] loss -1.48% or -0.73 points to close at $48.48 with a heavy trading volume of 16628849 shares. The company report on February 23, 2023 that Cisco and Mercy Corps: Cultivating Climate Adaptation and Resilience in Kenya.
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Cisco and Mercy Corps recently completed a five-year Technology for Impact partnership centered on delivering humanitarian aid and development assistance faster, better and to more people around the world by accelerating digital solutions. There’s a lot to celebrate and reflect on, especially as we center our energy on our new partnership focused on fostering climate adaptation and resilience in the Horn of Africa.
Below is a conversation I had recently with Carolyn Florey, Senior Director of Mercy Corps’ Technology for Development Team, reflecting on our transformational partnership, and looking forward to what’s next.
It opened the trading session at $48.805, the shares rose to $48.90 and dropped to $48.165, the range by which the price of stock traded the whole day. The daily chart for CSCO points out that the company has recorded 3.00% gains over the past six months. However, it is still -25.6% lower than its most recent low trading price.
If we look at the average trading volume of 18.21M shares, CSCO reached to a volume of 16628849 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 $56.92 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 2.40. 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.
DZ Bank have made an estimate for Cisco Systems Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 17, 2023. The new note on the price target was released on September 21, 2022, representing the official price target for Cisco Systems Inc. stock. Previously, the target price had yet another raise from $46 to $48, while UBS kept a Neutral rating on CSCO stock. On August 18, 2022, analysts decreased their price target for CSCO shares from 63 to 59.
The Average True Range (ATR) for Cisco Systems Inc. is set at 1.07, with the Price to Sales ratio for CSCO stock in the period of the last 12 months amounting to 3.79. The Price to Book ratio for the last quarter was 4.80, with the Price to Cash per share for the same quarter was set at 5.31. Price to Free Cash Flow for CSCO in the course of the last twelve months was 21.89 with Quick ratio for the last quarter at 1.30.
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 -4.92. With this latest performance, CSCO shares gained by 1.04% in over the last four-week period, additionally plugging by 3.00% over the last 6 months – not to mention a drop of -10.95% 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 49.81, with the RSI for the last a single of trading hit 47.47, and the three-weeks RSI is set at 50.93 for Cisco Systems Inc. [CSCO]. The present Moving Average for the last 50 days of trading for this stock 48.15, while it was recorded at 49.49 for the last single week of trading, and 45.56 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 +27.38 and a Gross Margin at +61.94. Cisco Systems Inc.’s Net Margin is presently recorded at +22.91.
Return on Equity for this stock inclined to 29.15, with Return on Assets sitting at 12.34.
Cisco Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.40.
Cisco Systems Inc. [CSCO]: An earnings per share (EPS) analysis
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 7.32%.
An analysis of insider ownership at Cisco Systems Inc. [CSCO]
There are presently around $145,810 million, or 74.90% of CSCO stock, in the hands of institutional investors. The top three institutional holders of CSCO stocks are: VANGUARD GROUP INC with ownership of 380,520,233, which is approximately 0.731% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 343,396,192 shares of the stock with an approximate value of $16.65 billion in CSCO stocks shares; and STATE STREET CORP, currently with $8.77 billion in CSCO stock with ownership of nearly -0.821% of the company’s market capitalization.
Positions in Cisco Systems Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 1,527 institutional holders increased their position in Cisco Systems Inc. [NASDAQ:CSCO] by around 125,139,136 shares. Additionally, 1,296 investors decreased positions by around 106,810,156 shares, while 274 investors held positions by with 2,775,690,225 shares. The mentioned changes placed institutional holdings at 3,007,639,517 shares, according to the latest SEC report filing. CSCO stock had 299 new institutional investments in for a total of 14,716,924 shares, while 98 institutional investors sold positions of 10,818,882 shares during the same period.