46.45 +0.20 (0.43%)
After hours: 6:53PM EST
|Bid||46.25 x 900|
|Ask||46.59 x 2200|
|Day's range||45.27 - 46.74|
|52-week range||32.40 - 49.34|
|Beta (5Y monthly)||0.91|
|PE ratio (TTM)||19.35|
|Earnings date||11 May 2021 - 17 May 2021|
|Forward dividend & yield||1.48 (3.32%)|
|Ex-dividend date||05 Apr 2021|
|1y target est||51.10|
Shares of Cisco Systems (NASDAQ: CSCO) jumped today after a JPMorgan analyst upgraded the company's stock to overweight from neutral. JPMorgan analyst Samik Chatterjee also increased his price target for Cisco's stock to $55 from the previous $50. The upgrade is based on a few things that are working in Cisco's favor, including increased IT spending in the sector, Cisco's transition to subscription revenue, and the company's "inexpensive valuation."
This week has been a brutal one for the stock market broadly, and it's been especially painful for investors in the Nasdaq Composite (NASDAQINDEX: ^IXIC). Many Nasdaq stocks have found themselves at the epicenter of a vicious market rotation away from cutting-edge innovative technology stocks toward older-economy companies, and it looked like the index would suffer more losses early in the trading session. Instead, some of the recent laggards in the Nasdaq were notable gainers on Friday.
A cheap stock price can mislead people into buying shares of a mediocre company, or even a bad company. Amazing companies have stock prices that go up over the long term. One of my early lessons in the stock market involved Cisco.