The company’s top line also impressed investors as its revenue of $13.6 billion rose 6% from the year-ago quarter and beat Wall Street’s average estimate of $13.3 billion. To buy shares in Cisco Systems you’ll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds CSCO into it, you’ll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity.
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Sales & Book Value
If Cisco Systems takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 million shares were bought and sold for approximately $410.64 million. The networking-technology titan is retiring millions of shares in 2022. Volatility profiles based on trailing-three-year calculations https://dotbig.com/ of the standard deviation of service investment returns. “Our fiscal 2023 is off to a good start as we delivered the largest quarterly revenue and second highest quarterly non-GAAP earnings per share in our history,” Cisco CEO Chuck Robbins said in a press release. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
- The highest analyst price target is $67.00 ,the lowest forecast is $44.00.
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- 5.25% during the next 3 months and, with a 90% probability hold a price between $42.59 and $51.20 at the end of this 3-month period.
- This buyback authorization allows the company to repurchase up to 6.4% of its shares through open market purchases.
- The company said it will add back nearly the same amount of positions in different areas of the business.
Cisco is rapidly expanding its presence in network security domain. Security includes products and services preventing unauthorized access to system resources and protecting from worms, spam, viruses and other malware. The Data Center product category includes Cisco Unified Computing System and Server Access Virtualization. https://dotbig.com/markets/stocks/CSCO/ It also comprises of The Other products segment and Related Services.The company offers identity and access, advanced threat, and unified threat management solutions. 20 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Cisco Systems in the last twelve months.
Price and EPS Surprise Chart
Needs to review the security of your connection before proceeding. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. https://www.forexlive.com/ Jeff Kilburg, KKM Financial, joins ‘The Exchange’ to discuss Cisco, Micron and Nvidia’s quarterly earnings results. CFRA Research Senior Equity Analyst Keith Snyder joins Yahoo Finance Live to discuss Cisco’s earnings results and why he’s bullish on the stock. Yahoo Finance Live anchors discuss first-quarter earnings for Cisco.
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The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades. Net money flow is the value of uptick trades minus the value of downtick trades. Cisco reported fiscal first-quarter results that beat analysts’ estimates on top and bottom lines, as the company cited an “easing supply situation.” Cisco Systems Inc.’s stock rose in extended trading Wednesday after the networking-technology company delivered better-than-expected numbers on the top and bottom line, and offered encouraging guidance. According to 35 analysts, the average rating for dotbig is “Buy.” The 12-month stock price forecast is 55.91, which is an increase of 15.52% from the latest price.
Cisco shares pop on earnings beat and increased 2023 forecast
Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued. THE BEST BLACK FRIDAY DEAL YET This Black Friday, you can stock price of Cisco Systems Incorporated save 95% off of a 1-year membership to Brad Thomas’s Intelligent Income Investor. This service is geared toward helping you collect the safest dividend income in the market.
Short Interest (11/15/
On the downside, the stock finds support just below today’s level from accumulated volume at $43.30 and $41.30. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cisco finds support just below today’s level at $43.30. If this is dotbig broken, then the next support from accumulated volume will be at $41.30 and $40.00. We continue to root for cooler economic data and trimmer guidance from reporting companies — the better to keep the Fed from raising rates another 75 bps in 4 weeks. A mixed reception from two leaders in the sector has given investors some key insights.
The Zacks Computer – Networking industry players like CSCO, INFN and RDCM are poised to benefit from accelerated 5G deployment, robust demand for network security and the growing prominence of smart net… Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Cisco beat Wall Street’s top- and bottom-line estimates in the quarter and raised its guidance, sending its stock higher today. Were rising this morning after the tech company reported better-than-expected first-quarter fiscal 2023 results yesterday. Cisco 2020 shares outstanding were 4.254B, a 4.47% decline from 2019.
Research Reports for CSCO
The security segment contains Cisco’s firewall and software-defined security products. Services are Cisco’s technical support and advanced services offerings. The company’s wide array of hardware is complemented with solutions for software-defined networking, analytics, and intent-based networking. In collaboration with Cisco’s initiative on growing software Forex and services, its revenue model is focused on increasing subscriptions and recurring sales. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
Earnings and Valuation
In the past three months, Cisco Systems insiders have sold more of their company’s stock than they have Forex bought. Specifically, they have bought $0.00 in company stock and sold $2,422,160.00 in company stock.
