Cisco Systems (NASDAQ:CSCO) Price Target Raised to $100.00

Cisco Systems (NASDAQ:CSCO) had its target price raised by Melius Research from $84.00 to $100.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the network equipment provider’s stock.

Several other research firms have also issued reports on CSCO. Rosenblatt Securities boosted their target price on shares of Cisco Systems from $87.00 to $100.00 and gave the company a “buy” rating in a report on Thursday. 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 research report on Thursday. HSBC restated a “hold” rating and set a $69.00 target price on shares of Cisco Systems in a research report on Friday, August 15th. Hsbc Global Res cut Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Finally, Evercore ISI boosted their price target on Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research note on Thursday, August 14th. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.75.

Cisco Systems Trading Up 0.8%

Shares of CSCO stock opened at $78.00 on Thursday. Cisco Systems has a 1-year low of $52.11 and a 1-year high of $79.50. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The stock has a market cap of $307.38 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 3.00 and a beta of 0.95. The stock has a 50-day moving average of $69.87 and a 200-day moving average of $67.49.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.88 billion during the quarter, compared to the consensus estimate of $14.77 billion. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. 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 research analysts forecast that Cisco Systems will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.64 annualized dividend and a yield of 2.1%. Cisco Systems’s payout ratio is 61.65%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 3,162 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $67.28, for a total value of $212,739.36. Following the completion of the sale, the senior vice president owned 31,468 shares of the company’s stock, valued at $2,117,167.04. This represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of Cisco Systems stock in a transaction that occurred on Thursday, September 11th. The stock was 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 $10,701,086.72. This trade represents a 1.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,089 shares of company stock valued at $2,236,383 over the last quarter. 0.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cisco Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. Benchmark Financial Wealth Advisors LLC lifted its position in shares of Cisco Systems by 1.4% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 10,449 shares of the network equipment provider’s stock worth $715,000 after purchasing an additional 142 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its stake in Cisco Systems by 0.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 24,622 shares of the network equipment provider’s stock worth $1,685,000 after buying an additional 142 shares during the period. Yoder Wealth Management Inc. lifted its holdings in Cisco Systems by 3.8% during the 3rd quarter. Yoder Wealth Management Inc. now owns 3,945 shares of the network equipment provider’s stock valued at $270,000 after buying an additional 143 shares in the last quarter. Weaver Consulting Group lifted its holdings in Cisco Systems by 1.5% during the 3rd quarter. Weaver Consulting Group now owns 9,940 shares of the network equipment provider’s stock valued at $680,000 after buying an additional 145 shares in the last quarter. Finally, Mount Vernon Associates Inc. MD boosted its position in Cisco Systems by 0.4% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider’s stock valued at $2,871,000 after buying an additional 150 shares during the period. Institutional investors own 73.33% of the company’s stock.

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.