Cisco Systems (NASDAQ:CSCO – Get Free Report) was upgraded by analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Sunday,Zacks.com reports.
Several other equities analysts have also weighed in on the company. Wells Fargo & Company increased their target price on Cisco Systems from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. UBS Group increased their price target on shares of Cisco Systems from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Piper Sandler boosted their price objective on shares of Cisco Systems from $86.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. CICC Research increased their target price on shares of Cisco Systems from $96.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, May 18th. Finally, Evercore lifted their price target on shares of Cisco Systems from $110.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Cisco Systems currently has a consensus rating of “Moderate Buy” and an average target price of $129.43.
Get Our Latest Stock Report on Cisco Systems
Cisco Systems Stock Up 1.1%
Cisco Systems (NASDAQ:CSCO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The firm had revenue of $17.25 billion for the quarter, compared to analysts’ expectations of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the firm earned $0.99 earnings per share. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. On average, sell-side analysts forecast that Cisco Systems will post 4.09 earnings per share for the current year.
Insider Buying and Selling at Cisco Systems
In other Cisco Systems news, CEO Charles Robbins sold 21,628 shares of Cisco Systems stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.54, for a total value of $2,412,387.12. Following the sale, the chief executive officer owned 602,710 shares of the company’s stock, valued at $67,226,273.40. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,170 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.57, for a total value of $799,956.90. Following the transaction, the insider directly owned 230,593 shares of the company’s stock, valued at $25,727,261.01. This represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 69,179 shares of company stock valued at $7,985,229 over the last quarter. 0.01% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Cisco Systems
Several hedge funds have recently made changes to their positions in CSCO. Cozad Asset Management Inc. boosted its holdings in Cisco Systems by 0.3% during the first quarter. Cozad Asset Management Inc. now owns 26,203 shares of the network equipment provider’s stock worth $2,033,000 after purchasing an additional 87 shares during the last quarter. Dogwood Wealth Management LLC boosted its stake in shares of Cisco Systems by 3.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 2,413 shares of the network equipment provider’s stock worth $283,000 after buying an additional 90 shares during the last quarter. August Group Capital Ltd grew its holdings in shares of Cisco Systems by 2.0% in the 2nd quarter. August Group Capital Ltd now owns 4,723 shares of the network equipment provider’s stock valued at $555,000 after acquiring an additional 91 shares in the last quarter. Financial Insights Inc. increased its position in shares of Cisco Systems by 1.5% in the first quarter. Financial Insights Inc. now owns 6,220 shares of the network equipment provider’s stock valued at $483,000 after acquiring an additional 92 shares during the last quarter. Finally, CPA Asset Management Group LLC raised its holdings in Cisco Systems by 1.8% during the second quarter. CPA Asset Management Group LLC now owns 5,335 shares of the network equipment provider’s stock worth $627,000 after acquiring an additional 93 shares in the last quarter. 73.33% of the stock is owned by institutional investors.
Cisco Systems News Summary
Here are the key news stories impacting Cisco Systems this week:
- Positive Sentiment: Cisco reported record quarterly revenue of approximately $17.3 billion, up 18% year over year, while earnings per share of $1.22 exceeded the $1.17 consensus estimate. Management also issued an optimistic fiscal 2027 EPS outlook of $5.05 to $5.11, reinforcing the company’s AI-networking growth story. What Kept Coming Up When Analysts Grilled CSCO
- Positive Sentiment: Some analysts viewed the post-earnings selloff as an overreaction, citing Cisco’s strong execution and improving opportunity in AI infrastructure. Wells Fargo also raised its price target to $150 and maintained an overweight rating, while the broader analyst consensus remains “Moderate Buy” with a target near $129.43. Cisco Selloff Looks Like an Overreaction
- Neutral Sentiment: Higher hardware prices and a heavier product mix helped accelerate revenue, but rising memory costs and the larger hardware contribution pressured product margins. Investors are watching whether Cisco can continue passing costs to customers without weakening demand. Cisco Grew Faster by Selling Hardware and Charging More for It
- Negative Sentiment: HSBC cut Cisco Systems to a Hold rating, adding to concerns about valuation and the durability of the recent growth acceleration. Cisco Systems Cut to Hold at HSBC
- Negative Sentiment: CEO Charles Robbins and three other insiders sold a combined 48,045 shares for approximately $4.25 million. The transactions were conducted under pre-arranged Rule 10b5-1 plans, and the executives retained substantial positions, making this a modest negative signal rather than clear evidence of deteriorating business expectations. Cisco Insider Buying and Selling
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.
Featured Articles
- Five stocks we like better than Cisco Systems
- Moonshot to Money: Intuitive Machines Lands $600M Defense Win
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.
