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NASDAQ:CSCO

Cisco Systems (CSCO) Stock Price, News & Analysis

Cisco Systems logo
$57.58 +0.09 (+0.16%)
(As of 11/21/2024 ET)

About Cisco Systems Stock (NASDAQ:CSCO)

Key Stats

Today's Range
$57.10
$57.93
50-Day Range
$49.61
$59.18
52-Week Range
$44.50
$59.38
Volume
11.06 million shs
Average Volume
19.13 million shs
Market Capitalization
$229.81 billion
P/E Ratio
24.71
Dividend Yield
2.78%
Price Target
$59.94
Consensus Rating
Moderate Buy

Company Overview

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.

Cisco Systems Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

CSCO MarketRank™: 

Cisco Systems scored higher than 97% of companies evaluated by MarketBeat, and ranked 35th out of 650 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Cisco Systems has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 10 buy ratings, 10 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Cisco Systems has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Cisco Systems' stock forecast and price target.
  • Earnings Growth

    Earnings for Cisco Systems are expected to grow by 8.65% in the coming year, from $2.89 to $3.14 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Cisco Systems is 24.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.63.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Cisco Systems is 24.71, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 241.08.

  • Price to Earnings Growth Ratio

    Cisco Systems has a PEG Ratio of 4.63. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Cisco Systems has a P/B Ratio of 5.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.48% of the float of Cisco Systems has been sold short.
  • Short Interest Ratio / Days to Cover

    Cisco Systems has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Cisco Systems has recently increased by 3.00%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Cisco Systems pays a meaningful dividend of 2.81%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Cisco Systems has been increasing its dividend for 13 years.

  • Dividend Coverage

    The dividend payout ratio of Cisco Systems is 68.67%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Cisco Systems will have a dividend payout ratio of 50.96% next year. This indicates that Cisco Systems will be able to sustain or increase its dividend.

  • Read more about Cisco Systems' dividend.
  • Percentage of Shares Shorted

    1.48% of the float of Cisco Systems has been sold short.
  • Short Interest Ratio / Days to Cover

    Cisco Systems has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Cisco Systems has recently increased by 3.00%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Cisco Systems has a news sentiment score of 1.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 66 news articles for Cisco Systems this week, compared to 23 articles on an average week.
  • Search Interest

    121 people have searched for CSCO on MarketBeat in the last 30 days. This is an increase of 23% compared to the previous 30 days.
  • MarketBeat Follows

    37 people have added Cisco Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 32% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Cisco Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $18,865,790.00 in company stock.

  • Percentage Held by Insiders

    Only 0.01% of the stock of Cisco Systems is held by insiders.

  • Percentage Held by Institutions

    73.33% of the stock of Cisco Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Cisco Systems' insider trading history.
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CSCO Stock News Headlines

Cisco Systems Long-Term AI Play Turns a Corner: New Highs Likely
Cisco Systems Long-Term AI Play Turns a Corner: New Highs Likely
Cisco Systems is well-positioned for a global networking upcycle driven by AI needs as applications come to the fore. Analysts are raising their estimates.
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It's a groundbreaking opportunity that could be poised for extraordinary gains. The catalyst behind this surge is a massive new blockchain development…
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AI could help scale humanitarian responses. But it could also have big downsides
The refugee organization, the International Rescue Committee, is testing some artificial intelligence tools to try to increase the number of displaced people they can reach with critical information
August 2, 2024, Paraguay. In this photo illustration, the Dynatrace, Inc. logo is displayed on a smartphone screen - Stock Editorial Photography
Observability Wars: Datadog and Dynatrace Vie for Data Dominance (CSCO)
Datadog and Dynatrace are two fast-growing AI and cloud observability companies; while each has strong prospects, they differ in important ways.
See More Headlines

CSCO Stock Analysis - Frequently Asked Questions

Cisco Systems' stock was trading at $50.52 at the start of the year. Since then, CSCO shares have increased by 14.0% and is now trading at $57.5850.
View the best growth stocks for 2024 here
.

Cisco Systems, Inc. (NASDAQ:CSCO) issued its earnings results on Wednesday, November, 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The company's revenue was down 5.6% on a year-over-year basis.
Read the conference call transcript
.

Cisco Systems subsidiaries include these companies: Greco and Sons, Upsys, J. Kings Food Service Professionals, J & M Wholesale Meats, Waugh Foods, Doerle Food Service, Supplies on the Fly, and others.

Cisco Systems' top institutional investors include State Street Corp (4.85%), Geode Capital Management LLC (2.40%), Charles Schwab Investment Management Inc. (2.07%) and FMR LLC (1.60%). Insiders that own company stock include Charles Robbins, Maria Martinez, Richard Scott Herren, Jeffery S Sharritts, Deborah L Stahlkopf, Thimaya K Subaiya, Roderick C Mcgeary, Kristina M Johnson, Maria Victoria Wong, Prat Bhatt and Mark Garrett.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Cisco Systems investors own include Chevron (CVX), Meta Platforms (META), NVIDIA (NVDA), Home Depot (HD), Bristol-Myers Squibb (BMY), Comcast (CMCSA) and Advanced Micro Devices (AMD).

Company Calendar

Ex-Dividend for 10/23 Dividend
10/02/2024
Dividend Payable
10/23/2024
Last Earnings
11/13/2024
Today
11/21/2024
Fiscal Year End
7/31/2025

Industry, Sector and Symbol

Industry
Computer & office equipment
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:CSCO
CUSIP
17275R10
Employees
90,400
Year Founded
1969

Price Target and Rating

Average Stock Price Target
$59.94
High Stock Price Target
$78.00
Low Stock Price Target
$50.00
Potential Upside/Downside
+3.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
21 Analysts

Profitability

Net Income
$10.32 billion
Pretax Margin
18.99%

Debt

Sales & Book Value

Annual Sales
$53.80 billion
Cash Flow
$3.86 per share
Book Value
$11.35 per share

Miscellaneous

Outstanding Shares
3,990,740,000
Free Float
3,990,336,000
Market Cap
$230.90 billion
Optionable
Optionable
Beta
0.83

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This page (NASDAQ:CSCO) was last updated on 11/21/2024 by MarketBeat.com Staff
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