Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Cisco Systems Inc before investing.

In this article, we go over a few key elements for understanding Cisco Systems Inc’s stock price such as:

• Cisco Systems Inc’s current stock price and volume
• Why Cisco Systems Inc’s stock price changed recently
• Upgrades and downgrades for CSCO from analysts
• CSCO’s stock price momentum as measured by its relative strength

About Cisco Systems Inc (CSCO)

Before we jump into Cisco Systems Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Cisco Systems, Inc. designs and sells a range of technologies that power the Internet. The Company is integrating its product portfolios across networking, security, collaboration, applications and cloud. The Company's segments include the Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). Its Networking product category represents its core networking technologies of switching, routing, wireless, fifth generation (5G), silicon, optics solutions and compute products. Its Security product category consists of its cloud and application security, industrial security, network security, and user and device security offerings. Its Collaboration product category consists of its meetings, collaboration devices, calling, contact center and platform as a service (CPaaS) offering. Its Observability product category consists of its full stack observability offerings.

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Cisco Systems Inc’s Stock Price as of Market Close

As of August 15, 2024, 4:00 PM, CST, Cisco Systems Inc’s stock price was $48.53.

Cisco Systems Inc is up 6.8% from its previous closing price of $45.44.

During the last market session, Cisco Systems Inc’s stock traded between $45.04 and $45.74. Currently, there are 4,042.00 million shares of Cisco Systems Inc stock available for purchase.

Cisco Systems Inc’s price-earnings (P/E) ratio is currently at 15.3, which is low compared to the Communications & Networking industry median of 23.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Cisco Systems Inc Stock Price History

Cisco Systems Inc’s (CSCO) price is currently up 0.17% so far this month.

During the month of August, Cisco Systems Inc’s stock price has reached a high of $50.28 and a low of $44.50.

Over the last year, Cisco Systems Inc has hit prices as high as $58.19 and as low as $44.50. Year to date, Cisco Systems Inc’s stock is up 1.87%.

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What Caused Cisco Systems Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 14, 2024, there was 1 analyst who downgraded Cisco Systems Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Cisco Systems Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Cisco Systems Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Cisco Systems Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cisco Systems Inc (CSCO) by visiting AAII Stock Evaluator.

Relative Price Strength of Cisco Systems Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 14, 2024, Cisco Systems Inc has a weighted four-quarter relative price strength of -9.06%, which translates to a Momentum Score of 36 and is considered to be Weak.

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Cisco Systems Inc Stock Price: Bottom Line

As of August 15, 2024, Cisco Systems Inc’s stock price is $48.53, which is up 6.8% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Cisco Systems Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.