Cisco Systems, Inc. stock saw a 0.3% increase during midday trading on Wednesday, reaching $47.42. The trading volume was 2,328,077 shares, significantly lower than the average volume of 19,611,422 shares. Wall Street analysts have varied opinions on CSCO stock, with some upgrading and others downgrading its rating. The company has a market capitalization of $189.72 billion, a P/E ratio of 15.86, and a beta of 0.85. In its recent quarterly report, Cisco Systems beat earnings estimates with $0.88 earnings per share, but experienced a decrease in revenue compared to the previous year. The company also declared a quarterly dividend of $0.40 per share. Insider trading activities showed executives selling shares, and hedge funds made significant investments in the company. Cisco Systems, Inc. designs, manufactures, and sells networking products globally, with a focus on Internet Protocol-based solutions. Analysts expect the company to post earnings of $3.14 per share for the year.
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