CSCO Stock Price Rises by 0.8% on NASDAQ

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Cisco Systems saw a slight increase in its share price on Friday, with analysts setting new price targets for the company. The stock is currently trading at $47.85, slightly up from its previous closing price of $47.45. Analysts at various brokerage firms have given different ratings to Cisco Systems, with price targets ranging from $48 to $58. The company’s operations increased by 0.1%, with a debt-to-equity ratio of 0.44 and a current ratio of 0.89.

Cisco Systems reported its quarterly earnings on May 15th, surpassing analysts’ expectations with an earnings per share of $0.88. The company recorded a return on equity of 30.82% and a net margin of 21.88%. Cisco Systems also announced a quarterly dividend of $0.40 per share, with a dividend yield of 3.37%. The CEO and other executives have sold shares of the company recently, with insider sales totaling $1,908,923 in the last 90 days.

Institutional investors have shown interest in Cisco Systems, with several large investors increasing their stakes in the company. Cisco Systems designs and sells networking products to various industries worldwide, offering a wide range of products and services. The company has a market capitalization of $191.41 billion and a consensus price target of $56.47. Cisco Systems’ average rating is “Hold” based on analysts’ assessments.

Overall, Cisco Systems has shown positive growth in its operations and financial performance, with analysts remaining cautiously optimistic about the company’s future outlook. With recent insider sales and increased interest from institutional investors, Cisco Systems continues to be a prominent player in the networking and technology industry.

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https://www.defenseworld.net/2024/06/30/cisco-systems-nasdaqcsco-stock-price-up-0-8.html