With 16.11 million shares changed hands, the volume of the stock remained lighter than its average volume of 20.39 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $50.82 whereas the lowest price it dropped to was $49.88. The 52-week range on CSCO shows that it touched its highest point at $58.19 and its lowest point at $44.50 during that stretch. It currently has a 1-year price target of $54.67. With its current market cap of 203.01 billion, CSCO has annualized dividend of $1.58 while the current yield stands at 3.14%. Beta for the stock currently stands at 0.82.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CSCO was up-trending over the past week, with a rise of 0.34%, but this was up by 4.00% over a month. Three-month performance surged to 9.26% while six-month performance rose 4.18%. The stock lost -10.91% in the past year, while it has lost -0.26% so far this year. A look at the trailing 12-month EPS for CSCO yields 2.54 with Next year EPS estimates of 3.88. For the next quarter, that number is 0.87. This implies an EPS growth rate of -4.06% for this year and 8.50% for next year. EPS is expected to grow by 4.03% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.54%.
Float and Shares Shorts:
At present, 4.07 billion CSCO shares are outstanding with a float of 4.02 billion shares on hand for trading. On 2024-08-15, short shares totaled 52.04 million, which was 128.999995 higher than short shares on 1721001600. In addition to Mr. Charles H. Robbins as the firm’s Chairman & CEO, Mr. Richard Scott Herren serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.7886 of CSCO’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-27, CSCO reported revenue of $12702000000.0 and operating income of $2733000000.0. The EBITDA in the recently reported quarter was $3998000000.0 and diluted EPS was $0.46.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CSCO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
