Cisco Systems Inc. [CSCO] is -32.46% lower this YTD. Is it still time to buy?

Cisco Systems Inc. [NASDAQ: CSCO] gained 2.61% on the last trading session, reaching $42.80 price per share at the time. The company report on October 20, 2022 that Our Commitment to Social Justice: 2-Years in the Making.

Cisco Systems Inc.:

In September 2020, our CEO Chuck Robbins, challenged us to think radically different about Cisco’s role and to take bold and deliberate actions in support of social justice. With our purpose to Power an Inclusive Future for All as our north star, we embarked on a remarkable journey that has brought us to where we are today.

Cisco Systems Inc. represents 4.13 billion in outstanding shares, while the company has a total market value of $177.65 billion with the latest information. CSCO stock price has been found in the range of $41.81 to $42.97.

If compared to the average trading volume of 19.12M shares, CSCO reached a trading volume of 24793782 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Cisco Systems Inc. [CSCO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CSCO shares is $54.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CSCO stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Cisco Systems Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on September 21, 2022. While these analysts kept the previous recommendation, UBS raised their target price from $46 to $48. The new note on the price target was released on August 18, 2022, representing the official price target for Cisco Systems Inc. stock. Previously, the target price had yet another drop from $63 to $59, while Raymond James kept a Outperform rating on CSCO stock. On August 18, 2022, analysts increased their price target for CSCO shares from 43 to 47.

The Average True Range (ATR) for Cisco Systems Inc. is set at 1.06, with the Price to Sales ratio for CSCO stock in the period of the last 12 months amounting to 3.45. The Price to Book ratio for the last quarter was 4.44, with the Price to Cash per share for the same quarter was set at 4.64. Price to Free Cash Flow for CSCO in the course of the last twelve months was 27.23 with Quick ratio for the last quarter at 1.30.

Trading performance analysis for CSCO stock

Cisco Systems Inc. [CSCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.47. With this latest performance, CSCO shares gained by 4.01% in over the last four-week period, additionally sinking by -16.67% over the last 6 months – not to mention a drop of -23.15% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CSCO stock in for the last two-week period is set at 56.67, with the RSI for the last a single of trading hit 63.34, and the three-weeks RSI is set at 51.68 for Cisco Systems Inc. [CSCO]. The present Moving Average for the last 50 days of trading for this stock 43.51, while it was recorded at 41.86 for the last single week of trading, and 48.73 for the last 200 days.

Cisco Systems Inc. [CSCO]: A deeper dive into fundamental analysis

Cisco Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.40.

Cisco Systems Inc. [CSCO]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CSCO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cisco Systems Inc. go to 6.69%.

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An analysis of insider ownership at Cisco Systems Inc. [CSCO]

There are presently around $128,820 million, or 74.90% of CSCO stock, in the hands of institutional investors. The top three institutional holders of CSCO stocks are: VANGUARD GROUP INC with ownership of 372,171,051, which is approximately 0.893% of the company’s market cap and around 0.07% of the total institutional ownership; BLACKROCK INC., holding 351,391,479 shares of the stock with an approximate value of $15.04 billion in CSCO stocks shares; and STATE STREET CORP, currently with $7.83 billion in CSCO stock with ownership of nearly -3.829% of the company’s market capitalization.

1,440 institutional holders increased their position in Cisco Systems Inc. [NASDAQ:CSCO] by around 128,298,012 shares. Additionally, 1,318 investors decreased positions by around 143,380,060 shares, while 266 investors held positions by with 2,738,123,476 shares. The mentioned changes placed institutional holdings at 3,009,801,548 shares, according to the latest SEC report filing. CSCO stock had 123 new institutional investments in for a total of 12,373,561 shares, while 197 institutional investors sold positions of 13,202,952 shares during the same period.