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Cisco Systems (CSCO) Stock Price, News & Analysis

$48.04
-0.48 (-0.99%)
(As of 07/18/2024 ET)
Today's Range
$47.98
$48.64
50-Day Range
$45.52
$49.67
52-Week Range
$44.95
$58.19
Volume
17.35 million shs
Average Volume
19.60 million shs
Market Capitalization
$193.54 billion
P/E Ratio
16.18
Dividend Yield
3.33%
Price Target
$56.47

Cisco Systems MarketRank™ Stock Analysis

Analyst Rating
Hold
2.24 Rating Score
Upside/​Downside
17.6% Upside
$56.47 Price Target
Short Interest
Healthy
1.19% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.85
Upright™ Environmental Score
News Sentiment
0.85mentions of Cisco Systems in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$1.91 M Sold Last Quarter
Proj. Earnings Growth
-7.64%
From $3.14 to $2.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.88 out of 5 stars

Computer And Technology Sector

16th out of 592 stocks

Computer & Office Equipment Industry

1st out of 14 stocks

CSCO stock logo

About Cisco Systems Stock (NASDAQ:CSCO)

Cisco, formerly known as Cisco Systems, Inc. is a US-based multinational digital communication company headquartered in San Jose, California. The company has its roots in the computer department of Stanford University and was founded by 2 key Stanford employees. The name Cisco is short for San Francisco, the company’s original hometown, the company’s logo is a representation of the twin towers of the Golden Gate Bridge.

Leonard Bosack and Sandy Lerner founded the company to market technology they’d developed while working for the university. Despite some early problems, the 2 were able to work out an agreement with the university that allowed Cisco to grow into one of the world's largest technology companies. The company was ranked 74th on the 2021 Forbes Fortune 100 list and the #1 spot on the Forbes list of Best Places to Work.

Bosack and Lerner pioneered using LANs or local area networking to connect distant computers via a multiprotocol routing system. Local Area Networks is the network used to connect devices in a localized area such as a home, office building, warehouse or university. It is the nexus from which IP connections are made and a central point of operations for business and a means to secure systems. Cisco’s motto is “if it’s connected, it’s protected” which is more relevant today than ever.

Needless to say, Cisco’s business met with early success. The company came to the public market in 1990, 6 years after its founding, with a market capitalization of $224 million. Shortly after, Bosack and Lerner left the company but that was not the end of its success. The market cap will grow to over $500 billion at the peak of the DotCom bubble and stands at roughly half that amount in the wake of the COVID-19 pandemic.

Over the years, the company has had to adapt to a rapidly changing technological environment that required a shift in business as well. While IP-related products are still the core of the business, it has branched out into other areas in response to competition. These include packet switching products, routing, consumer products, and commercial.

Cisco’s growth is also dependent on acquisitions. The company has made over 2 dozen acquisitions, ranging from products and services to enhance core offerings to new technologies and businesses to enhance portfolio stability and shareholder value.

Today, Cisco designs manufactures and markets IP-based networking equipment, products and services related to the communications industry. The primary sub-industries the company is focused on are the Internet of Things, Domain Security, 5G and Video Conferencing. The company's products are sold directly to consumers, wholesalers, and global OEMs. Total revenue in 2021 topped $51.50 billion, with a nearly 23% net income margin.

Cisco is a blue-chip quality technology stock and a dividend-paying stock as well. The company has a track record for dividend increases that numbered 11 consecutive annual increases in 2022, and future increases are expected.

CSCO Stock Price History

CSCO Stock News Headlines

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NetApp Stock: Riding the AI Wave – Is It a Buy? (CSCO)
Data infrastructure solutions provider NetApp Inc. (NASDAQ: NTAP) stock has hit 20-year highs. The company is reaping benefits from the artificial intelligene
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Ciena Stock: Powering the AI Boom - A Network Infrastructure Play (CSCO)
Network infrastructure solutions provider Ciena Co. (NYSE: CIEN) plays a critical role in the artificial intelligence (AI) revolution. AI platforms require
AI’s Biggest Problem
Nvidia's been quietly pivoting to another, potentially lucrative business. Nvidia's own CEO, Jensen Huang, believes Big Tech is going to spend over $1 trillion on this part of the business over the next four years.
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Is NVIDIA Stock Done Playing With the Market? Buy, Sell, or Hold (CSCO)
Nvidia stock is today's stock market darling, but the party could be about to end as historical trends and warning signs keep showing up to cap the stock
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Dell and Super Micro Computer: Musk's Favorite AI Hardware Stocks
Elon Musk just chose these two stocks to provide him with the necessary AI hardware for his next venture, analysts agree with this decision
3 5G Stocks to Buy at Their 52-Week Low in July
AI’s Biggest Problem
Nvidia's been quietly pivoting to another, potentially lucrative business. Nvidia's own CEO, Jensen Huang, believes Big Tech is going to spend over $1 trillion on this part of the business over the next four years.
7 High-Yield Dividend Stocks Beating Inflation
3 Dow Jones Stocks to Buy at 52-Week Lows in July
5 Under $50 Dividend Stocks to Buy Now
Is Cisco Stock a Buy?
See More Headlines
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Company Calendar

Ex-Dividend for 4/24 Dividend
4/03/2024
Dividend Payable
4/24/2024
Last Earnings
5/15/2024
Ex-Dividend for 7/24 Dividend
7/05/2024
Today
7/18/2024
Dividend Payable
7/24/2024
Fiscal Year End
7/31/2024
Next Earnings (Estimated)
8/21/2024

Industry, Sector and Symbol

Industry
Computer & office equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:CSCO
CUSIP
17275R10
Employees
84,900
Year Founded
1969

Price Target and Rating

Average Stock Price Target
$56.47
High Stock Price Target
$76.00
Low Stock Price Target
$50.00
Potential Upside/Downside
+17.6%
Consensus Rating
Hold
Rating Score (0-4)
2.24
Research Coverage
21 Analysts

Profitability

Net Income
$12.61 billion
Pretax Margin
25.84%

Debt

Sales & Book Value

Annual Sales
$57.00 billion
Cash Flow
$3.92 per share
Book Value
$10.88 per share

Miscellaneous

Outstanding Shares
4,028,810,000
Free Float
4,028,009,000
Market Cap
$193.54 billion
Optionable
Optionable
Beta
0.85

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Should I Buy Cisco Systems Stock? CSCO Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Cisco:

  • Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry globally.
  • The company offers cutting-edge switching technology that is crucial for modern networking infrastructure.
  • Cisco has a strong presence in various regions around the world, providing stability and potential growth opportunities.
  • Recent developments in Cisco's product lineup have shown innovation and adaptability to market demands.
  • With a current stock price of $50.00, Cisco presents a potentially attractive entry point for investors looking for value.

Cons

Investors should be bearish about investing in Cisco for these reasons:

  • Cisco's business is heavily dependent on the overall health of the global economy, making it susceptible to economic downturns.
  • The competitive landscape in the networking industry is fierce, with other major players constantly innovating and challenging Cisco's market position.
  • Fluctuations in technology trends and customer preferences could impact Cisco's product demand and revenue streams.
  • While Cisco has a strong brand reputation, it also faces scrutiny over data privacy and security concerns in an increasingly digital world.
  • Investors should carefully consider the potential risks and uncertainties associated with investing in Cisco before making any decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Cisco Systems pros and cons to contact@marketbeat.com.

CSCO Stock Analysis - Frequently Asked Questions

How have CSCO shares performed this year?

Cisco Systems' stock was trading at $50.52 at the beginning of the year. Since then, CSCO shares have decreased by 4.9% and is now trading at $48.04.
View the best growth stocks for 2024 here
.

How were Cisco Systems' earnings last quarter?

Cisco Systems, Inc. (NASDAQ:CSCO) released its quarterly earnings results on Wednesday, May, 15th. The network equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.18. The business's quarterly revenue was down 12.8% compared to the same quarter last year.
Read the conference call transcript
.

Does Cisco Systems have any subsidiaries?

The following companies are subsidiaries of Cisco Systems: Greco and Sons, Upsys, J. Kings Food Service Professionals, J & M Wholesale Meats, Waugh Foods, Doerle Food Service, Supplies on the Fly, and more.

Who are Cisco Systems' major shareholders?

Cisco Systems' top institutional shareholders include Swedbank AB (0.22%), Guinness Asset Management LTD (0.10%), Wealth Enhancement Advisory Services LLC (0.06%) and Confluence Investment Management LLC (0.05%). Insiders that own company stock include Charles Robbins, Maria Martinez, Richard Scott Herren, Jeffery S Sharritts, Deborah L Stahlkopf, Roderick C Mcgeary, Kristina M Johnson, Maria Victoria Wong, Prat Bhatt, Mark Garrett and Geraldine Elliott.
View institutional ownership trends
.

How do I buy shares of Cisco Systems?

Shares of CSCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cisco Systems own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cisco Systems investors own include Intel (INTC), AT&T (T), NVIDIA (NVDA), Pfizer (PFE), Johnson & Johnson (JNJ), Verizon Communications (VZ) and Walt Disney (DIS).

This page (NASDAQ:CSCO) was last updated on 7/19/2024 by MarketBeat.com Staff

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