Cisco Systems (NASDAQ:CSCO) Stock Rating Upgraded by HSBC

Cisco Systems (NASDAQ:CSCO) was upgraded by HSBC from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $137.00 price target on the network equipment provider’s stock. HSBC’s target price suggests a potential upside of 18.58% from the stock’s current price.

CSCO has been the subject of several other reports. New Street Research lifted their target price on Cisco Systems from $82.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday. Truist Financial assumed coverage on shares of Cisco Systems in a research note on Tuesday, March 31st. They issued a “buy” rating and a $94.00 price objective for the company. The Goldman Sachs Group increased their target price on shares of Cisco Systems from $75.00 to $116.00 and gave the stock a “neutral” rating in a report on Thursday. UBS Group boosted their price target on shares of Cisco Systems from $95.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Evercore increased their price objective on Cisco Systems from $110.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.73.

Cisco Systems Stock Up 13.4%

Shares of NASDAQ CSCO opened at $115.53 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $84.66 and its two-hundred day moving average is $79.68. Cisco Systems has a 52-week low of $62.30 and a 52-week high of $119.36. The firm has a market cap of $456.33 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 3.82 and a beta of 0.92.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03. The business had revenue of $15.84 billion during the quarter, compared to analyst estimates of $15.56 billion. Cisco Systems had a return on equity of 28.70% and a net margin of 20.14%.The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the business posted $0.96 earnings per share. 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. Research analysts predict that Cisco Systems will post 3.42 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Oliver Tuszik sold 3,132 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $79.74, for a total transaction of $249,745.68. Following the completion of the sale, the executive vice president owned 188,613 shares in the company, valued at $15,040,000.62. The trade was a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 551 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $77.54, for a total value of $42,724.54. Following the completion of the transaction, the senior vice president directly owned 27,957 shares of the company’s stock, valued at $2,167,785.78. This trade represents a 1.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,587 shares of company stock valued at $1,230,765 in the last three months. Corporate insiders own 0.01% of the company’s stock.

Institutional Investors Weigh In On Cisco Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. purchased a new position in shares of Cisco Systems during the fourth quarter worth about $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Cisco Systems in the 4th quarter valued at about $25,000. Networth Advisors LLC boosted its position in shares of Cisco Systems by 276.4% in the 1st 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 period. Financial Life Planners purchased a new position in Cisco Systems during the 1st quarter worth approximately $27,000. Finally, Manning & Napier Advisors LLC grew its stake in Cisco Systems by 137.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock worth $27,000 after buying an additional 200 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems News Summary

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Multiple analysts lifted their price targets on Cisco after the earnings beat, including Evercore, Wells Fargo, BNP Paribas Exane, Piper Sandler, KeyCorp, Morgan Stanley, Citi, UBS, Goldman Sachs, Barclays, and Bank of America, reinforcing a broadly bullish outlook for CSCO. BNP Paribas Exane Issues Positive Forecast for Cisco Systems (NASDAQ:CSCO) Stock Price
• Positive Sentiment: Cisco reported fiscal Q3 revenue of $15.84 billion and adjusted EPS of $1.06, both ahead of estimates, while also raising FY2026 guidance; the update suggests stronger demand trends and better near-term earnings power. CISCO REPORTS THIRD QUARTER EARNINGS
• Positive Sentiment: Management said AI infrastructure orders are accelerating, including roughly $9 billion in hyperscaler AI infrastructure orders for FY2026, fueling investor optimism that Cisco is becoming a key beneficiary of the AI buildout. Cisco CEO says tech is entering a ‘networking supercycle’ as stock pops 14% on strong AI demand
• Neutral Sentiment: Cisco also announced a quarterly dividend, which supports the stock’s income appeal but is not the main driver behind today’s move. Cisco Systems Stock Performance
• Negative Sentiment: The restructuring includes nearly 4,000 job cuts and up to $1 billion in related charges, which introduces execution risk and near-term cost pressure even as the market focuses on the AI growth opportunity. Cisco to Cut Jobs in Shift to Capture More AI Demand

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.