Cisco Systems, Inc. (NASDAQ:CSCO) is a leading technology company specializing in networking hardware, software, and telecommunications equipment. It is a key player in the Computer - Networking industry, competing with companies like Juniper Networks and Arista Networks. Recently, David Vogt from UBS set a price target of $88 for Cisco, suggesting a potential upside of 20.37% from its current trading price of $73.11.
Cisco's stock has been trending on Zacks.com, reflecting increased investor interest. Over the past month, the stock rose by 6.1%, outperforming the Zacks S&P 500 composite's 3.8% increase. The Computer - Networking industry, which includes Cisco, gained 7.7% during the same period, highlighting Cisco's strong position within its sector.
Earnings estimate revisions are a key focus for Cisco, as they provide insights into the company's future earnings potential. These revisions are crucial for long-term investment decisions and can significantly influence stock performance. Investors and analysts closely monitor these projections to gauge Cisco's future stock direction.
Currently, Cisco's stock price is $73.11, showing a slight increase of 0.27% from the previous session. The stock has traded between $72.43 and $73.48 today, with a 52-week high of $73.48 and a low of $52.11. Cisco's market capitalization stands at approximately $289 billion, with a trading volume of 24,007,995 shares today.
