|Bid||48.41 x 3200|
|Ask||48.50 x 4000|
|Day's range||48.03 - 48.77|
|52-week range||45.56 - 58.19|
|Beta (5Y monthly)||0.89|
|PE ratio (TTM)||14.64|
|Earnings date||14 Feb 2024|
|Forward dividend & yield||1.56 (3.22%)|
|Ex-dividend date||03 Jan 2024|
|1y target est||54.40|
Rising interest rates drove many investors from tech stocks toward more conservative sectors, while rising yields for fixed-income investments made dividend stocks a lot less appealing. Cisco, the world's largest networking hardware and software company, recently disappointed investors by slashing its full-year guidance.
A cluster of servers with tens of thousands of GPUs linked together requires some heavy-duty networking gear to make it all work. Cisco Systems (NASDAQ: CSCO) is the longtime leader in the switching and routing markets, with its proprietary products maintaining dominant market shares. A more flexible approach makes sense for the major cloud providers, which build data centers at incredible scale and have very specific networking needs.
Exxon Mobil, Oracle, Cisco, Altria and CrowdStrike are included in this Analyst Blog.