Visionary Horizons LLC recently increased its stake in Cisco Systems, Inc. by 13.9% in the first quarter, according to a recent SEC filing. The company now owns over 10,000 shares of Cisco Systems stock valued at $510,000. Other hedge funds, such as Norges Bank and Charles Schwab Investment Management Inc., also made changes to their positions in the company. Cisco Systems CEO Carlos Robbins recently sold shares of the business. The company’s operations were down 1.1% in the past quarter.
Cisco Systems stock currently trades on NASDAQ at $46.86. The company has a wide range of financial indicators, including a market capitalization of $188.79 billion, a price-to-earnings ratio of 15.78, and a beta of 0.85. Recent quarterly earnings results showed that Cisco Systems beat analyst expectations with $0.88 earnings per share and revenue of $12.70 billion. The company also announced a quarterly dividend, with an annualized dividend yielding 3.41%.
Several Wall Street analysts have provided ratings and target prices for Cisco Systems stock. According to their reports, the company has a consensus rating of “Hold” with a price target of $56.47. Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol-based networking products globally, targeting a wide range of markets from information technology to telecommunications.
In conclusion, Cisco Systems continues to perform well in the market, with recent financial indicators and analyst ratings reflecting steady growth and stability. The company’s diverse product portfolio and strong leadership team contribute to its success in the industry. Investors should stay informed about Cisco Systems’ future developments and performance to make informed decisions about their holdings.
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