Taking into account all relevant factors, Cisco Systems, Inc. (NASDAQ:CSCO) scores 8% Sell on the technical side. The share price is also flashing a Buy from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for CSCO averaged 50% Buy with an average daily trading volume over the past 20 days at 18239555 shares. Those using medium-term investment strategies, the shares have overall a 0.5% Sell signal while the 50-day average daily volume remained almost 20164402 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was 19141738 shares, is signaling50% Sell for long term investors.
The stock is lingering around the initial support level of $47.72. After this, the following support is at the zone of $47.43. Up until the time the CSCO stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 64.76 on the daily chart, and this may be a cause for concern. In case the price goes below $47.43 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $48.35 level may cause a pull-back move approaching $48.69 mark.
Cisco Systems, Inc. (CSCO) is most likely going to rise 7.52 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $59 as 12-month high price target. This represents a whopping 21.5 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $52, which means a return possibility of 7.08 percent in comparison with the closing price of the stock of $48.56 in recent trading session. The lowest price set for the stock is $45 which is just above -7.33 percent from CSCO share’s price at the end of session.
Let’s take a glimpse at some insider activity at Cisco Systems, Inc. (NASDAQ:CSCO) and observe the pattern. The earliest insider trade happened on 12/12/2019. CHANDLER MARK D parted with a total of 0.13 thousand shares of the firm at average share price of $44.52. The total amount for the sale was set at $5.97 thousand. On completing this exchange, the EVP, LglSrvs & GenCnsl account balance was 240.28 thousand shares. The stock grew 8.31 percent from that insider sale. On 11/27/2019, Kramer Kelly A., EVP and CFO, did a sale of 70 thousand shares at a price of $45.19 per share. This got rid of 3.16 million shares from the insider’s fortune and the stock experienced a 6.71 percent rally in price since the news became public. This exchange saw 352.59 thousand shares get out from the EVP and CFO account. On 11/25/2019, EVP, Chief of Operations Tan Irving recorded a sale transaction valued at $1.27 million. The sale at $45.36 a share has eliminated 28.09 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed 6.31 percent increase since the transaction reporting date. The company insider is left with 151.59 thousand shares remaining in the account. Robbins Charles, who works as Chairman and CEO at the company, performed a sale of 208.08 thousand shares in a transaction worth $9.33 million. The disposal recorded on 11/22/2019 was priced at $44.83 per share. The stock price soared 7.56 percent since the transaction. Robbins Charles currently holds a stake of 487.47 thousand in CSCO stock which is worth $23.67 million after the insider selling.
In the recent trading session, Cisco Systems, Inc. (NASDAQ:CSCO) shares gained 1.15% or 0.55 points to reach at $48.56 with a thin trading volume of 3.327 million shares. It opened the trading session at $47.92, the shares rose to $48.395 and dropped to $47.7649, the range by which the price of stock traded the whole session. The company now has a market cap of $204 billion and currently has 4.26 billion outstanding shares. Cisco Systems, Inc. (CSCO) stock has accumulated 5.98 percent of market value in 21 trading days.
Stock analysts at BofA/Merrill cut their rating on shares of Cisco Systems, Inc. (NASDAQ:CSCO) from Buy to a new rating of Neutral in their opinion released on January 08. Barclays analysts bumped their recommendation on CSCO stock from prior rating of Equal Weight to Overweight in a separate flash note to investors on December 19. Analysts at Edward Jones issued an upgrade for the stock to Buy from previous rating of Hold, in a research note that dated back to December 12.
CSCO stock’s trailing 3-year beta is 1.2, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $2.72 share in the trailing 52 weeks. The stock’s value surged 0.1 percent year to date (YTD) compared to a rise of 9.06 percent in 52 week’s period. The firm’s shares are still trading -16.65 percent below its 1-year high of $58.26 and 11.89 percent up from 52-week low of $43.40. The average consensus ranking on the company is 2.3, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
Cisco Systems, Inc. (CSCO) shares are trading at a P/E ratio of 17.34 times earnings posted in the trailing 12 months. The industry CSCO deals with has an average P/E of 23.2. Its P/B ratio is standing at 5.81X compared to the 5.77 industry average. It is additionally sporting a 3.83 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.69. Cisco Systems, Inc. has a 63.4% gross profit margin, with its operating margin around 26.9%. Alongside this, the company’s net profit margin currently stands at 21.2%.
Past records have indicated that shares in Cisco Systems, Inc. declined on 21 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.