Cisco news stock

Here are some recent news and updates about Cisco Systems, Inc. (CSCO) stock:

Recent News:

  1. Cisco Reports Strong Q4 Earnings: On November 17, 2022, Cisco announced its Q4 2022 earnings, beating analyst expectations with revenue of $13.7 billion and net income of $3.4 billion.
  2. Acquisition of Acacia Communications: On November 9, 2022, Cisco completed its acquisition of Acacia Communications, a leading provider of high-speed interconnect products, for $2.6 billion.
  3. Partnership with Google Cloud: On October 25, 2022, Cisco announced a partnership with Google Cloud to provide a new suite of cloud-based networking and security solutions.
  4. New CEO Appointed: On October 12, 2022, Cisco announced the appointment of Chuck Robbins as its new CEO, effective November 1, 2022.

Stock Performance:

  1. CSCO Stock Price: As of February 24, 2023, Cisco's stock price is around $53.50 per share.
  2. 52-Week Range: The stock has traded between $44.41 and $58.45 per share over the past 52 weeks.
  3. Market Capitalization: Cisco's market capitalization is around $240 billion.

Analyst Estimates:

  1. Consensus Rating: The consensus rating among analysts is "Buy" or "Overweight" with an average target price of around $60 per share.
  2. Earnings Estimates: Analysts expect Cisco to report earnings per share (EPS) of $0.83 in Q1 2023, up from $0.74 in Q1 2022.

Recent Research Reports:

  1. Morgan Stanley: On February 14, 2023, Morgan Stanley upgraded Cisco's stock to "Overweight" with a target price of $65 per share.
  2. J.P. Morgan: On February 10, 2023, J.P. Morgan maintained its "Overweight" rating on Cisco with a target price of $62 per share.

Please note that these are just some recent news and updates about Cisco Systems, Inc. (CSCO) stock, and it's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.