Shares of Cisco Systems, Inc. (NASDAQ:CSCO – Get Free Report) were up 2.1% during trading on Monday after Bank of America raised their price target on the stock from $135.00 to $150.00. Bank of America currently has a buy rating on the stock. Cisco Systems traded as high as $126.44 and last traded at $124.15. Approximately 23,607,302 shares changed hands during trading, a decline of 1% from the average daily volume of 23,780,393 shares. The stock had previously closed at $121.64.
A number of other analysts have also issued reports on CSCO. Wells Fargo & Company increased their price target on shares of Cisco Systems from $95.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Citic Securities increased their price target on shares of Cisco Systems from $90.00 to $130.00 in a research report on Friday, May 15th. Weiss Ratings raised shares of Cisco Systems from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Evercore increased their price objective on Cisco Systems from $110.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, Wall Street Zen lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.18.
Check Out Our Latest Stock Analysis on Cisco Systems
Insider Transactions at Cisco Systems
More Cisco Systems News
Here are the key news stories impacting Cisco Systems this week:
- Positive Sentiment: Bank of America raised Cisco’s price target from $135 to $150 and kept a Buy rating, signaling confidence in further upside for the shares. Benzinga report on price target increase
- Positive Sentiment: Several articles highlight Cisco as a buy candidate, reflecting favorable Wall Street sentiment and reinforcing expectations for continued momentum. Wall Street Analysts See Cisco (CSCO) as a Buy: Should You Invest?
- Positive Sentiment: Cisco executives are emphasizing that AI is improving the company’s competitive position in cybersecurity, which could support a longer-term growth story in a large and expanding market. Cisco Exec Admits Every Competitor Was Beating Them. Now He’s Saying AI Just ‘Changed’ The Game In Their Favor.
- Neutral Sentiment: Other stories are largely commentary on Cisco’s long-term returns and historical performance, which may reinforce investor interest but are not a direct near-term catalyst. If You Invested $1000 in Cisco Systems a Decade Ago, This is How Much It’d Be Worth Now
Hedge Funds Weigh In On Cisco Systems
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSCO. MidAtlantic Capital Management Inc. acquired a new position in Cisco Systems during the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Cisco Systems during the fourth quarter valued at approximately $25,000. Networth Advisors LLC grew its holdings in Cisco Systems by 276.4% during the first quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock valued at $26,000 after purchasing an additional 246 shares during the last quarter. Financial Life Planners acquired a new position in Cisco Systems during the first quarter valued at approximately $27,000. Finally, Manning & Napier Advisors LLC grew its holdings in Cisco Systems by 137.0% during the first quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.
Cisco Systems Stock Performance
The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.81. The firm has a fifty day simple moving average of $98.05 and a 200 day simple moving average of $85.01. The company has a market cap of $489.33 billion, a price-to-earnings ratio of 40.31, a P/E/G ratio of 3.10 and a beta of 1.01.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.03 by $0.03. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The company had revenue of $15.84 billion for the quarter, compared to the consensus estimate of $15.56 billion. During the same quarter last year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. On average, sell-side analysts expect that Cisco Systems, Inc. will post 3.54 earnings per share for the current fiscal year.
Cisco Systems Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th will be paid a $0.42 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.68 annualized dividend and a dividend yield of 1.4%. Cisco Systems’s dividend payout ratio (DPR) is presently 54.55%.
About Cisco Systems
Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.
In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.
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