Cisco Systems, Inc. (CSCO)
| Market Cap | 205.29B |
| Revenue (ttm) | 58.03B |
| Net Income (ttm) | 13.58B |
| Shares Out | 4.06B |
| EPS (ttm) | 3.30 |
| PE Ratio | 15.31 |
| Forward PE | 13.02 |
| Dividend | $1.56 (3.09%) |
| Ex-Dividend Date | Jan 3, 2024 |
| Volume | 12,492,576 |
| Open | 50.45 |
| Previous Close | 50.48 |
| Day's Range | 50.22 - 50.59 |
| 52-Week Range | 45.56 - 58.19 |
| Beta | 0.89 |
| Analysts | Buy |
| Price Target | 57.82 (+14.45%) |
| Earnings Date | Feb 14, 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 22 analysts, the average rating for CSCO stock is "Buy." The 12-month stock price forecast is $57.82, which is an increase of 14.45% from the latest price.
News
Cisco to acquire cloud-native networking and security startup Isovalent
Cisco announced this morning that it intends to acquire Isovalent, a cloud-native security and networking startup that should fit well with the company's core networking and security strategy. The com...
Cisco is buying a privately-held networking and security company
Cisco Systems Inc (NASDAQ: CSCO) has decided in favour of buying Isovalent – a networking and security company based out of Cupertino, California. Its shares are slightly in the red at writing.
Cisco to Acquire Isovalent to Define the Future of Multicloud Networking and Security
News Summary: Cisco intends to acquire privately held Isovalent, Inc., a leader in open source cloud native networking and security. Together, Cisco and Isovalent will build leading edge protection f...
Three growth opportunities for cybersecurity stocks
2023 was a great year for software and cyber security stocks, as well as the broader tech sector. With inflation seeming to cool down, and a recent rally in the S&P 500 (^GSPC), can these stocks conti...
Final Trades: Cisco, Goldman Sachs and KLA Corp.
The "Halftime Report" traders give their top picks: Cisco, Goldman Sachs and KLA Corp.
Cisco goes all in on AI to strengthen its cybersecurity strategy
Cisco's AI Assistant & Encrypted Visibility engine use AI to combat network & firewall misconfigurations. Gartner predicts 99% of firewall breaches due to configuration complexity.
These are the dividend stocks that will hold up in a weakening economy in 2024, says this highly rated money manager
Do you expect the U.S. economy to slip into a recession next year? If so, you might also expect a reversal of this year's stock-market rally.
CloudFabrix launches and demonstrates Data Fabric for Observability Platforms at Cisco Live 2023 Melbourne
PLEASANTON, Calif.--(BUSINESS WIRE)-- #OTEL--CloudFabrix launches and demonstrates Data Fabric for Observability Platforms at Cisco Live 2023 Melbourne.
Cisco Exceeds Goal to Positively Impact One Billion People
Cisco achieves ambitious goal one year ahead of schedule by scaling social impact programs and digital access for communities worldwide News Summary: Almost ten years in the making, Cisco has achieved...
The top five zero trust cybersecurity stocks
With each advance in technology, the importance of cybersecurity grows. A key problem facing businesses and enterprises is that the traditional approach to a perimeter security network is quickly beco...
Cisco Redefines Cybersecurity Defense with Powerful, Portfolio-Wide Artificial Intelligence Capabilities
NEWS SUMMARY: The new Cisco AI Assistant for Security marks a major step in making artificial intelligence pervasive in the Security Cloud, Cisco's unified, AI-driven, cross-domain security platform. ...
Aviz Networks Expands Funding to $10M With New Investments From Accton, Cisco Investments and Wistron
SAN JOSE, Calif.--(BUSINESS WIRE)-- #AIOps--Aviz Networks, a leader in open networking software for cloud-scale infrastructures serving telecom and enterprises, today announced it has added Cisco Inve...
Connect Express Consultants Announces Cisco SecureX Firewall Solutions
Burnham-based network design and security firm Connect Express Consultants announces its status as a Cisco Premier Partner, allowing it to offer some of the leading network protection solutions. Burnh...
Cisco's SVP, Corporate Treasurer and Head of Global Corporate Security, Roger Biscay, Joins Qrypt's Board of Advisors
NEW YORK--(BUSINESS WIRE)--Qrypt, the pioneering quantum-secure encryption company, announced today that Roger Biscay, SVP, Corporate Treasurer and Head of Global Corporate Security at Cisco, will be ...
Cisco to Host 2023 Virtual Annual Meeting of Stockholders
SAN JOSE, Calif. , Nov. 27, 2023 /PRNewswire/ -- Cisco (NASDAQ: CSCO) will host its 2023 Annual Meeting of Stockholders on Wednesday, December 6, 2023, beginning at 8:00 a.m.
Cisco Announces December 2023 Event with the Financial Community
SAN JOSE, Calif., Nov. 27, 2023 /PRNewswire/ -- Cisco today announced that it will participate in the following conference with the financial community during the month of December.
Final Trades: Cisco, Burlington & more
The "Halftime Report" traders give their top picks to watch for the second half.
Cisco App Attention Index Reveals Consumer Fury as Brands Fail to Deliver Seamless Digital Experiences
N ew Cohort of Application Users, Coined 'The Application Generation', Sets Bar for Seamless and Secure Digital Experiences. News Summary: Consumer expectations for digital experiences continue to so...
Top 3 Tech Stocks Which Could Rescue Your Portfolio This Month - Cisco Systems (NASDAQ:CSCO), ReAlpha Tech Corp (NASDAQ:AIRE)
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
Cisco stock plummets on weak forecast: Is it a warning for tech?
Cisco Systems Inc. NASDAQ: CSCO is the biggest decliner in the past five sessions among technology stocks in the Technology Select Sector SPDR Fund NYSEARCA: XLK.
S&P 500 Gains and Losses Today: Cisco Systems Sinks as Orders Slow
The rally for the S&P 500 continued into a third day as the index ticked 0.1% higher following a mix of analyst ratings upgrades and warnings about customer spending from several big firms. The Nasdaq...
Cisco's Weak Forecast, Alibaba Stops Cloud Unit Spinoff | Bloomberg Technology
Bloomberg's Caroline Hyde and Ed Ludlow break down results from Cisco as the largest maker of computer networking equipment tumbles after earnings. Plus, Alibaba abruptly ends the planned spinoff of i...
Stock Market Today: Dow Drops After Cisco, Walmart Earnings
The S&P 500 and Nasdaq managed marginal gains Thursday.