CICC Research Boosts Cisco Systems (NASDAQ:CSCO) Price Target to $84.00

Cisco Systems (NASDAQ:CSCO) had its price objective upped by equities researchers at CICC Research from $78.00 to $84.00 in a research note issued on Friday,MarketScreener reports. The firm currently has an “outperform” rating on the network equipment provider’s stock. CICC Research’s price target indicates a potential upside of 7.31% from the stock’s previous close.

CSCO has been the subject of several other reports. Bank of America lifted their price objective on Cisco Systems from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group boosted their price objective on shares of Cisco Systems from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday. Erste Group Bank upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Monday. Evercore ISI upped their price target on shares of Cisco Systems from $74.00 to $80.00 and gave the company an “in-line” rating in a report on Thursday. Finally, Morgan Stanley raised their price objective on shares of Cisco Systems from $77.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems has a consensus rating of “Moderate Buy” and an average price target of $83.75.

Cisco Systems Stock Performance

NASDAQ:CSCO traded up $0.90 during midday trading on Friday, reaching $78.28. The stock had a trading volume of 22,036,562 shares, compared to its average volume of 20,977,369. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The stock has a market cap of $308.47 billion, a P/E ratio of 29.94, a P/E/G ratio of 3.00 and a beta of 0.95. The firm has a fifty day simple moving average of $69.64 and a two-hundred day simple moving average of $67.27. Cisco Systems has a 12-month low of $52.11 and a 12-month high of $79.50.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. The firm had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. On average, equities analysts expect that Cisco Systems will post 3.04 EPS for the current year.

Insider Activity

In related news, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the sale, the executive vice president owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.08, for a total transaction of $185,041.44. Following the transaction, the executive vice president directly owned 157,184 shares in the company, valued at approximately $10,701,086.72. The trade was a 1.70% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 33,089 shares of company stock worth $2,236,383. 0.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Cisco Systems

Institutional investors have recently added to or reduced their stakes in the company. Bare Financial Services Inc boosted its position in shares of Cisco Systems by 531.0% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after purchasing an additional 308 shares in the last quarter. Marquette Asset Management LLC acquired a new position in shares of Cisco Systems in the 3rd quarter valued at $25,000. Financial Connections Group Inc. increased its stake in Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 193 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of Cisco Systems in the second quarter worth about $28,000. Finally, Lowe Wealth Advisors LLC increased its position in shares of Cisco Systems by 96.2% in the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.