Cisco Systems, Inc. (NASDAQ:CSCO) plunged -7.21% during previous trade, a total of 85.50M shares exchanged hands compared with its average trading volume of 17.82M shares whereas its relative volume is 4.74. The stock has a market capitalization of $154.95B along with 5.01B outstanding shares. Stock’s intraday price range hit the peak level of $31.51 and touched the lowest level of $30.37.
Most recently Cisco Systems, Inc. (NASDAQ:CSCO)’s price target was revised on 05/15/17 and according to 30 analysts stock’s price will reach at $34.83 during 52 weeks with standard deviation of 2.80. Stock’s minimum price target estimates has been figured out at $15.50 while the maximum price target forecast is established at $40, if we look at the price target with an optimistic approach it has upside potential of 24% from its latest closing price of $31.38.
Historically, if we look at price target revisions, three weeks ago Cisco Systems, Inc. (NASDAQ:CSCO)’s price target was revised on 4/10/17 by the analysts, however the bullish price estimates of the stock set at $40 while the bearish estimates kept at $29 over the next one year. Stock’s 52-week target was retained at $35.17, the estimates indicates a standard deviation of 2.90.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.68. ABR value is precisely based on brokerage recommendations, where out of 22 brokerage recommendations 13 rate Cisco Systems, Inc. (NASDAQ:CSCO) stock a Strong Buy, 3 rate the stocks of the company a Buy, 6 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 4/27/2017 the stock of Cisco Systems, Inc. (NASDAQ:CSCO) upgraded by Credit Suisse from Underperform to Outperform. However previously on 6/15/2016 it was downgraded by Goldman from Buy to Neutral. A research note issued on 4/6/2016 the stock was upgraded by JP Morgan from Underweight to Neutral.
Cisco Systems, Inc. (NASDAQ:CSCO) performance over the past one year soared 29.83% whereas its year to date (YTD) performance indicated a bullish trend of 12.61%. During the last six months the stock rose 8.52%. Quarterly performance of the company shows optimistic momentum of 7.08% while its last one month trend is positive with 2.54%. Stock’s weekly performance expressed down trend of -2.73%.
The company’s price sits -0.34% below from its 50-day moving average of $33.49 and 7.18% far from the stock’s 200-day moving average which is $32.03. Cisco Systems, Inc. (NASDAQ:CSCO)’s shares are currently trading -3.32% away from the 52-week high price of $34.60 and +31.11% far from the 52-week low price of $25.51.
According to consensus agreement of 30 analysts Cisco Systems, Inc. (NASDAQ:CSCO) will report earnings per share of $0.61 in their quarterly report and it is expected to announce the company’s results on 8/16/17. For the current quarter the company has high EPS estimates of $0.62 in contradiction of low EPS estimates of $0.59. However a year ago for the same quarter the company has reported $0.63 EPS. Current year EPS projections for Cisco Systems, Inc. (NASDAQ:CSCO) set at $2.38 according to the sentiments of 34 analysts, while its lowest earnings estimates are $2.36 and highest earnings estimates are $2.4.
According to 28 analysts, Cisco Systems, Inc. (NASDAQ:CSCO)’s revenue estimates for the current quarter are $12.07B meanwhile the company has high revenue estimates of $12.43B in contradiction of low revenue estimates of $12B. For the current year the company’s revenue estimates are $47.96B compared to low analyst estimates of $47.87B and high estimates of $48.64B according to the projection of 32 analysts.