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 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 April 26, 2024, CSCO stock price declined to $48.02 with 4,068,655 million shares trading.

CSCO has a beta of 0.51, 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 $194.44 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 +5.3% while the SPY ETF gained +26.9%. CSCO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.5% and -3.0%, respectively, while the SPY returned +4.6% and -1.8%, respectively.

CSCO support price is $47.53 and resistance is $48.67 (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.