CSCO Stock Summary and Trading Ideas (Cisco Systems | NASDAQ:CSCO)

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 such as 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 employs 80,000 people and sells its products globally.

Cisco Systems trades on the NASDAQ stock market under the symbol CSCO.

As of January 16, 2025, CSCO stock price declined to $59.82 with 15,252,098 million shares trading.

CSCO has a beta of 0.78, meaning it tends to be less sensitive to market movements. CSCO has a correlation of 0.32 to the broad based SPY ETF.

CSCO has a market cap of $238.44 billion. This is considered a Mega Cap stock.

Last quarter Cisco Systems reported $14 billion in Revenue and $.91 earnings per share. This beat revenue expectation by $71 million and exceeded earnings estimates by $.04.

In the last 3 years, CSCO traded as high as $60.45 and as low as $38.61.

The top ETF exchange traded funds that CSCO belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

CSCO has underperformed the market in the last year with a return of +21.4%, while SPY returned +26.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CSCO shares. However, CSCO has outperformed the market in the last 3 month and 2 week periods, returning +6.8% and +2.6%, while SPY returned +1.9% and +1.2%, respectively. This indicates CSCO has been having a stronger performance recently.

CSCO support price is $59.31 and resistance is $60.65 (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 shares will trade within this expected range on the day.