10-May-2024
Seeking Alpha News (Fri, 10-May 3:00 PM ET)
Seeking Alpha News (Fri, 10-May 12:55 PM ET)
TipRanks (Thu, 9-May 6:30 AM ET)
‘Jump on the Bandwagon,’ Says Bank of America About These 2 Stock Picks
TipRanks (Wed, 8-May 8:56 PM ET)
NightDragon, Cisco, WWT Partner with NPower to Drive Talent Diversity in Cyber Industry
PRNewswire (Wed, 8-May 12:00 PM ET)
Datadog receives upgrade following price plunge: Baird
Seeking Alpha News (Wed, 8-May 10:44 AM ET)
Cisco Unlocks AI-Powered Intelligence for Self-Hosted Observability
PRNewswire (Wed, 8-May 10:30 AM ET)
Arista Networks jumps as Wall Street likes AI story and says 'dark clouds cleared'
Seeking Alpha News (Wed, 8-May 8:31 AM ET)
Cisco Schedules Conference Call for Q3 Fiscal Year 2024 Financial Results
PRNewswire (Wed, 8-May 5:00 AM ET)
Cisco is Delivering on Platform Strategy with Rapid Innovation Across Cisco Security Cloud
PRNewswire (Mon, 6-May 8:00 AM ET)
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employees 80,000 employees and sells its products globally.
Cisco Systems trades on the NASDAQ stock market under the symbol CSCO.
As of May 10, 2024, CSCO stock price climbed to $48.06 with 11,101,439 million shares trading.
CSCO has a beta of 0.47, meaning it tends to be less sensitive to market movements. CSCO has a correlation of 0.10 to the broad based SPY ETF.
CSCO has a market cap of $194.60 billion. This is considered a Large Cap stock.
Last quarter Cisco Systems reported $13 billion in Revenue and $.87 earnings per share. This beat revenue expectation by $76 million and exceeded earnings estimates by $.03.
In the last 3 years, CSCO stock traded as high as $64.29 and as low as $38.61.
The top ETF exchange traded funds that CSCO belongs to (by Net Assets): VTI, VOO, QQQ, SPY, SCHD.
CSCO has underperformed the market in the last year with a price return of +6.3% while the SPY ETF gained +27.8%. CSCO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.3% and +0.4%, respectively, while the SPY returned +4.2% and +2.5%, respectively.
CSCO support price is $47.28 and resistance is $48.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CSCO stock will trade within this expected range on the day.