Cisco Systems, Inc. (NASDAQ:CSCO) is a leading player in the computer networking sector, known for its innovative networking hardware, software, and telecommunications equipment. The company competes with other industry players like Digi International (DGII).
Both Cisco and Digi are currently rated with a Zacks Rank of #2 (Buy), indicating a positive earnings outlook due to favorable analyst estimate revisions. On March 6, 2025, Piper Sandler updated its rating for Cisco to Neutral, maintaining a hold action. At that time, the stock price was $63.10.
Currently, the stock price is $63.05, reflecting a slight decrease of 1.42% or $0.91. The stock has traded between $62.91 and $64.02 today, with a market capitalization of approximately $250.83 billion. Despite the Neutral rating from Piper Sandler, Cisco's Zacks Rank of #2 (Buy) suggests a strong value opportunity.
This rank targets companies with positive earnings estimate revision trends, indicating confidence in Cisco's improving earnings outlook. Investors may find this encouraging, as it reflects a favorable analyst sentiment towards the company's future performance. Cisco's stock has experienced fluctuations over the past year, reaching a high of $66.50 and a low of $44.50. The current trading volume is 10,405,959 shares on the NASDAQ exchange. This level of activity indicates significant investor interest, which could be attributed to the company's strong market position and positive earnings outlook.
