Cisco Systems (NASDAQ:CSCO) Price Target Raised to $95.00

Cisco Systems (NASDAQ:CSCO) had its price target hoisted by Bank of America from $85.00 to $95.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the network equipment provider’s stock.

Several other research firms have also recently commented on CSCO. Hsbc Global Res cut shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. William Blair upgraded shares of Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Evercore ISI increased 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. UBS Group upgraded Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price target for the company from $74.00 to $88.00 in a research report on Monday, November 3rd. Finally, Rosenblatt Securities upped their price objective on Cisco Systems from $87.00 to $100.00 and gave the company a “buy” rating in a report on Thursday. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and an average price target of $83.75.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $78.00 on Thursday. Cisco Systems has a 12-month low of $52.11 and a 12-month high of $79.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The firm has a market capitalization of $307.38 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. The business has a 50 day simple moving average of $69.87 and a 200 day simple moving average of $67.49.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. The company had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.77 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous 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 anticipate that Cisco Systems will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

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

Insider Activity

In other news, SVP Maria Victoria Wong sold 3,162 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $67.28, for a total transaction of $212,739.36. Following the sale, the senior vice president owned 31,468 shares in the company, valued at $2,117,167.04. The trade was a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm’s 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 completion of the transaction, the executive vice president directly owned 157,184 shares of the company’s stock, valued at $10,701,086.72. This represents a 1.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 33,089 shares of company stock valued at $2,236,383. 0.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cisco Systems

A number of institutional investors have recently bought and sold shares of CSCO. Drive Wealth Management LLC grew its position in Cisco Systems by 2.7% in the second quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock valued at $1,152,000 after purchasing an additional 436 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of Cisco Systems by 53.3% during the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock worth $5,358,000 after buying an additional 26,840 shares during the last quarter. Guinness Asset Management LTD grew its holdings in shares of Cisco Systems by 15.9% in the 2nd quarter. Guinness Asset Management LTD now owns 4,389,728 shares of the network equipment provider’s stock valued at $304,451,000 after acquiring an additional 603,131 shares in the last quarter. Tobam increased its position in shares of Cisco Systems by 223.4% in the second quarter. Tobam now owns 2,642 shares of the network equipment provider’s stock valued at $183,000 after acquiring an additional 1,825 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Cisco Systems by 1.2% during the second quarter. Geode Capital Management LLC now owns 99,252,395 shares of the network equipment provider’s stock worth $6,864,058,000 after acquiring an additional 1,157,704 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.