Cisco Systems, Inc. (CSCO)
| Market Cap | 197.11B |
| Revenue (ttm) | 57.23B |
| Net Income (ttm) | 13.44B |
| Shares Out | 4.05B |
| EPS (ttm) | 3.28 |
| PE Ratio | 14.84 |
| Forward PE | 13.86 |
| Dividend | $1.60 (3.29%) |
| Ex-Dividend Date | Apr 3, 2024 |
| Volume | 14,659,266 |
| Open | 48.31 |
| Previous Close | 48.06 |
| Day's Range | 48.23 - 48.82 |
| 52-Week Range | 45.70 - 58.19 |
| Beta | 0.86 |
| Analysts | Buy |
| Price Target | 55.81 (+14.65%) |
| Earnings Date | May 15, 2024 |
About CSCO
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networ... [Read more]
Financial Performance
In 2023, Cisco Systems's revenue was $57.00 billion, an increase of 10.55% compared to the previous year's $51.56 billion. Earnings were $12.61 billion, an increase of 6.78%.
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for CSCO stock is "Buy." The 12-month stock price forecast is $55.81, which is an increase of 14.65% from the latest price.
News
Retail Earnings And Latest Inflation Data From The CPI
Earnings On Pace For Strong Growth. Home Depot And Walmart Reporting This Week. PPI And CPI This Week.
NightDragon, Cisco, WWT Partner with NPower to Drive Talent Diversity in Cyber Industry
Organizations are committed to raising awareness for closing the talent gap and increasing diversity within the cybersecurity industry SAN FRANCISCO , May 8, 2024 /PRNewswire/ -- As the talent gap con...
Cisco Unlocks AI-Powered Intelligence for Self-Hosted Observability
New AI-Driven Capabilities Automate Anomaly Detection, Accelerate Root Cause Analysis and Secure Business-Critical Applications News Summary: Employs AI in self-hosted observability deployments to a...
Cisco Schedules Conference Call for Q3 Fiscal Year 2024 Financial Results
SAN JOSE, Calif. , May 8, 2024 /PRNewswire/ -- Cisco has scheduled a conference call for Wednesday, May 15, 2024, at 1:30 PM (PT); 4:30 PM (ET) to announce its third quarter fiscal year 2024 financial...
altafiber Business Announces Business Calling Solution With Webex by Cisco
CINCINNATI--(BUSINESS WIRE)--altafiber Business today introduced Business Calling with Webex, a secure, all-in-one solution for calling, messaging and meetings. Business Calling simplifies communicati...
Cisco is Delivering on Platform Strategy with Rapid Innovation Across Cisco Security Cloud
Building on the momentum of Cisco Hypershield and the acquisition of Splunk, Cisco is reimagining security at AI-scale News Summary: Cisco and Splunk are helping customers accelerate their journey tow...
Dasera Announces Integrations with Cisco, Cohesity, & Intuitive Cloud To Extend Data Security Posture Management (DSPM) Offering
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Dasera, a leader in data security posture management (DSPM), today announced strategic integrations with Cisco, Cohesity, and Intuitive Cloud, which offers the ...
With Product Sales Sluggish, What To Expect From Cisco's Q3 Earnings?
Cisco Systems Inc (NASDAQ: CSCO) is poised to report its Q3 FY'24 results on May 14, reporting on a quarter that is likely to see the company's sales contract, as customers focus on deploying hardware...
Cisco says hackers subverted its security devices to spy on governments
Technology firm Cisco Systems said that hackers have subverted some of its digital security devices to break in to government networks globally.
Cisco Systems joins Microsoft, IBM in Vatican pledge to ensure ethical use and development of AI
Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common go...
Korbyt Expands Cross-Platform Integration of its Workplace Communications Offering with Webex by Cisco
DALLAS--(BUSINESS WIRE)-- #communications--Korbyt Anywhere for Webex expands the company's enterprise-grade digital signage CMS platform to any Cisco device within the Webex ecosystem.
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Cisco Stock Gets a J.P. Morgan Downgrade.
J.P. Morgan analyst Samik Chatterjee downgraded shares of networking-equipment firm Cisco to Neutral from Overweight, with a new target of $52, down from $63.
Cisco and Morgan Solar unlock clean energy adoption in office spaces
Innovation uses technology to advance sustainability goals for businesses News Summary: Cisco and Morgan Solar are piloting a project that powers collaboration and meeting spaces with solar energy. Th...
Top Wall Street analysts pick these 3 dividend stocks for higher returns
TipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Cisco Systems and Goldman Sachs.
AMD, Micron, Cisco, Arm, and Other Tech Stocks in Focus Today
Tech stocks were showing early promise Thursday as the Nasdaq Composite Index tried once again to snap its losing streak.
Cisco debuts new AI-focused security system after $28 billion deal to buy Splunk
Enterprise tech giant Cisco unveiled a new security product, called HyperShield, which it says aims to secure clients' data and devices with the help of AI.
Cisco Reimagines Security for Data Centers and Clouds in Era of AI
Cisco Hypershield Brings Power of Hyperscaler Security and Connectivity to the Enterprise News Summary: Cisco is powering and protecting the engine of the AI revolution – AI-scale data centers and clo...
Cisco's stock could surge more than 20% on these three drivers, says BofA
A BofA Securities analyst sees three big catalysts ahead for Cisco Systems Inc.'s stock that could drive it more than 20% higher.
Committee stocks on the move: Salesforce, Cisco, Constellation, Coupang, Intel and Rollins
The Investment Committee discuss their stocks that are on the move.
Cisco Completes Acquisition of Isovalent to Define the Future of Multicloud Networking and Security
News Summary: Cisco has completed the acquisition of Isovalent, Inc., a leader in open source cloud native networking and security Together, Cisco and Isovalent will build leading edge protection for ...
Trade Tracker: Honeywell, Freeport-McMoran, Leidos Holdings, Cisco, McDonald's, Netflix & ASML
The Committee discusses the latest moves in their portfolios.
Cisco Stock Looks Washed Out, Analyst Says. Why There Could Be a Near-Term Bounce.
Citi says the stock already prices in the company's main issues.
Cisco to Host Tech Talk on Splunk
SAN JOSE, Calif. , April 10, 2024 /PRNewswire/ -- Cisco will host a Tech Talk with Gary Steele, EVP and GM, Splunk, a Cisco company, to discuss Splunk's security and observability capabilities.