Cisco Systems, Inc. (CSCO)
| Market Cap | 194.77B |
| Revenue (ttm) | 57.23B |
| Net Income (ttm) | 13.44B |
| Shares Out | 4.05B |
| EPS (ttm) | 3.28 |
| PE Ratio | 14.66 |
| Forward PE | 13.56 |
| Dividend | $1.60 (3.33%) |
| Ex-Dividend Date | Apr 3, 2024 |
| Volume | 18,711,587 |
| Open | 48.78 |
| Previous Close | 48.35 |
| Day's Range | 47.85 - 48.93 |
| 52-Week Range | 45.56 - 58.19 |
| Beta | 0.85 |
| Analysts | Buy |
| Price Target | 55.53 (+15.45%) |
| 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 $55.53, which is an increase of 15.45% from the latest price.
News
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.
These investments will boost your net worth more than any growth stock
Long-term investors who are considering buying “growth stocks,” i.e., stocks with high price-earnings (P/E) ratios, may want to think again.
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.
Upstream Security Receives Investment from Cisco Investments as the Demand for IoT Cybersecurity Soars
ANN ARBOR, Mich.--(BUSINESS WIRE)--Upstream Security Receives Investment from Cisco Investments as the Demand for IoT Cybersecurity Soars.
Calls of the Day: Nasdaq, American Express, Freeport-McMoRan and Cisco
The Investment Committee discusses the latest Calls of the Day.
Cisco Shares Are Too Cheap. Why Morgan Stanley Is a Buyer Ahead of Earnings.
The networking hardware giant is trading at a near record discount to the S&P 500.
FMP Alliance Forms to Advance Innovative Fault Managed Power Technology
EAST GREENWICH, R.I. , April 8, 2024 /PRNewswire/ -- VoltServer, the first company to invent, patent and commercialize the distribution of electricity in a natively digital, fault managed format, Digi...
Converge Technology Solutions Achieves Cisco Gold Provider Status
TORONTO and GATINEAU, QC, April 4, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce it has achieved Cisco Gold Provider partner s...
Cisco and BoA to Host Tech Talk on Security from RSA 2024
SAN JOSE, Calif. , April 4, 2024 /PRNewswire/ -- Cisco today announced that it will participate in the following event with the financial community.
Leading Companies Launch Consortium to Address AI's Impact on the Technology Workforce
The Consortium aims to provide actionable insights and identify new opportunities for reskilling and upskilling News Summary: The AI-Enabled ICT Workforce Consortium is led by Cisco and joined by Acc...
Evolutio and Nobl9 Form a Strategic Partnership to Further Empower Cisco's Full-Stack Observability Ecosystem Vision
CHICAGO--(BUSINESS WIRE)-- #evolutio--Two of Cisco's leading partners in Full-Stack Observability, Nobl9 and Evolutio, announced today that they had formed a strategic partnership to accelerate the ad...
Cisco Study Reveals Very Few Organizations in Canada Prepared to Defend Against Today's Rapidly Evolving Threat Landscape
News Summary: Only one per cent of organizations in Canada have the ‘Mature' level of readiness needed to be resilient against today's cybersecurity risks. Readiness is critical, as 63 per cent of res...