Will Cisco stock go up? (2024)

Will Cisco stock go up?

Stock Price Forecast

Is Cisco a buy sell or hold?

Cisco stock has received a consensus rating of hold. The average rating score is A1 and is based on 29 buy ratings, 45 hold ratings, and 4 sell ratings.

What will Cisco stock be worth in 5 years?

According to the latest long-term forecast, Cisco Systems price will hit $50 by the middle of 2024 and then $55 by the middle of 2025. Cisco Systems will rise to $60 within the year of 2026, $65 in 2027, $75 in 2028, $85 in 2029, $90 in 2030, $95 in 2031, $100 in 2032 and $110 in 2034.

What is the Outlook for Cisco?

Earnings are expected to grow 14.5% in 2023 after having fallen 3.3% in 2022. Earnings rose 37.9% in 2021 and 7.7% in 2020. The sector's debt ratios are below the market average, as is the average dividend yield of 0.5%.

Is Cisco a good company to buy?

Zacks' proprietary data indicates that Cisco Systems, Inc. is currently rated as a Zacks Rank 4 and we are expecting a below average return from the CSCO shares relative to the market in the next few months.

How high will Cisco stock go?

Stock Price Forecast

The 18 analysts with 12-month price forecasts for Cisco Systems stock have an average target of 56.42, with a low estimate of 45 and a high estimate of 76. The average target predicts an increase of 13.11% from the current stock price of 49.88.

Who is Cisco's biggest competitor?

What will Cisco stock price be in 2030?

What is the future growth of Cisco?

Analyst Future Growth Forecasts

Revenue vs Market: CSCO's revenue (1.8% per year) is forecast to grow slower than the US market (8.1% per year). High Growth Revenue: CSCO's revenue (1.8% per year) is forecast to grow slower than 20% per year.

Is Cisco a dividend stock?

CSCO pays a dividend of $0.4 per share. CSCO's annual dividend yield is 3.17%. When is Cisco Systems ex-dividend date? Cisco Systems's upcoming ex-dividend date is on Apr 03, 2024.

Will Cisco have layoffs in 2024?

Cisco Confirms It Will Lay Off 5 Percent Of Workforce As Product Revenues Down. The tech giant, whose customers are still digesting orders received following the clearing of the massive backlog, saw weak product revenues in Q2 2024.

Why is Cisco dropping?

Cisco stock has retreated 2.5% this year after advancing 6% in 2023. Shares in Cisco fell after the computer networking giant reported fiscal second-quarter earnings and revenue that fell from a year earlier but topped consensus estimates as product orders fell again.

Is CCNA a good stock to buy?

Carvana stock has a consensus “Hold” rating. Of the 20 analysts offering recommendations for the stock, two rate it a “Strong Buy,” 17 suggest a “Hold," and one advises a “Strong Sell.” CVNA is currently trading at a premium to the average analyst price target of $58.73.

Why is Cisco stock so low?

Cisco System shares moved lower in extended-hours trading Wednesday after the company provided a cautious fiscal third-quarter and full-year outlook amid uncertainty surrounding the macro environment. Cisco becomes the latest tech company to announce layoffs, saying it plans to reduce its global workforce by 5%.

Should I hold Cisco stock?

Cisco Systems's analyst rating consensus is a Hold. This is based on the ratings of 14 Wall Streets Analysts.

Is Cisco a good long term stock?

Cisco Systems (CSCO 0.83%) is often considered a stable stock for conservative income investors. It's the world's largest networking company, its stock trades at just 13 times this year's adjusted earnings, and it pays a high forward yield of 3.3%.

Who owns most of Cisco stock?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Charles Schwab Investment Management Inc, Invesco Qqq Trust, Series 1, Bank of New York ...

Who owns the most shares of Cisco?

What is the target price for Cisco?

Is Cisco still relevant?

Cisco certifications are among the most recognised IT and networking qualifications in the world. According to Reed, there are currently around a million students in 165 countries studying towards a Cisco certification.

What is Cisco's main product?

Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products.

Is Cisco losing market share?

Cisco (CSCO) has exhibited a modest 3.1% average revenue growth and 4.8% average adjusted operating profit growth over the past five years. The company is experiencing a decline in market share within both the networking and security end markets.

How many times has Cisco stock split?

Cisco stock (symbol: CSCO) underwent a total of 9 stock splits.

What was the price of Cisco stock in 1996?

What was the price of Cisco stock in 1998?

The closing price for Cisco Systems (CSCO) in 1998 was $15.86, on December 31, 1998. It was up 145.9% for the year.