Cisco Systems, Inc. (NASDAQ:CSCO) has received a “Hold” rating from twenty-one rating firms, with one analyst giving a sell rating, fourteen assigning hold ratings, and six assigning buy ratings. The average 1-year price target is $56.47. Several stock analysts have commented on CSCO stock, with recent downgrades and price target adjustments. The company’s shares were trading at $47.51, with a market capitalization of $191.41 billion, a price-to-earnings ratio of 16.00, and a beta of 0.85.
On May 15, Cisco Systems reported earnings per share of $0.88 for the quarter, surpassing analysts’ estimates. The company had revenue of $12.7 billion, with a return on equity of 30.82% and a net margin of 21.88%. Analysts expect Cisco Systems to post earnings per share of $3.14 for the current year.
Cisco Systems also announced a quarterly dividend, with investors receiving $0.40 per share. Insiders, including EVP Deborah L. Stahlkopf and Executive Director Carlos Robbins, sold shares of the company. In the last three months, insiders sold 41,106 shares of company stock.
Institutional investors have bought and sold shares of Cisco Systems recently, with significant stakes being acquired. Some of these investors include Valued Wealth Advisors LLC, Delos Wealth Advisors LLC, and DiNuzzo Private Wealth Inc. 73.33% of the company’s shares are owned by institutional investors and hedge funds.
Cisco Systems designs, manufactures, and sells Internet protocol-based networks and related products in various regions. The company offers a switching portfolio, enterprise routing portfolio, wireless products, and computing portfolio. Stay updated with news and ratings from Cisco Systems by signing up for a daily email newsletter from MarketBeat.com.
Article Source
https://www.defenseworld.net/2024/07/01/cisco-systems-inc-nasdaqcsco-given-average-recommendation-of-hold-by-analysts.html