Cisco Systems (NASDAQ:CSCO) Stock Price Up 1.8% – Still a Buy?

Cisco Systems, Inc. (NASDAQ:CSCO) traded up 1.8% during trading on Wednesday . The company traded as high as $114.05 and last traded at $113.82. Approximately 17,532,491 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 24,033,559 shares. The stock had previously closed at $111.79.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CSCO. Bank of America raised their target price on shares of Cisco Systems from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Citigroup boosted their price target on shares of Cisco Systems from $90.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded Cisco Systems from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Evercore lifted their target price on Cisco Systems from $110.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, Citic Securities boosted their target price on Cisco Systems from $90.00 to $130.00 in a research report on Friday, May 15th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $123.14.

Cisco Systems Trading Up 1.8%

The company has a market cap of $448.61 billion, a PE ratio of 36.95, a P/E/G ratio of 2.90 and a beta of 1.02. The stock’s 50 day moving average is $113.55 and its 200-day moving average is $91.33. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The business had revenue of $15.84 billion during the quarter, compared to analysts’ expectations of $15.56 billion. During the same period last year, the company posted $0.96 EPS. The business’s revenue was up 12.0% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.54 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, July 6th. Cisco Systems’s payout ratio is presently 54.55%.

Insider Buying and Selling at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 7,127 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $119.91, for a total value of $854,598.57. Following the completion of the sale, the executive vice president directly owned 140,857 shares of the company’s stock, valued at $16,890,162.87. This trade represents a 4.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,607 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $121.12, for a total value of $315,759.84. Following the sale, the executive vice president owned 172,727 shares in the company, valued at $20,920,694.24. The trade was a 1.49% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 47,650 shares of company stock valued at $5,668,823. Corporate insiders own 0.01% of the company’s stock.

Hedge Funds Weigh In On Cisco Systems

A number of large investors have recently made changes to their positions in the company. Victrix Investment Advisors raised its holdings in shares of Cisco Systems by 1.0% in the second quarter. Victrix Investment Advisors now owns 70,063 shares of the network equipment provider’s stock worth $8,230,000 after buying an additional 697 shares during the period. Teamwork Financial Advisors LLC purchased a new position in Cisco Systems during the 2nd quarter valued at $315,000. Abner Herrman & Brock LLC increased its stake in Cisco Systems by 11.4% in the second quarter. Abner Herrman & Brock LLC now owns 5,307 shares of the network equipment provider’s stock worth $623,000 after purchasing an additional 544 shares during the period. Community Trust & Investment Co. increased its stake in Cisco Systems by 4.9% in the second quarter. Community Trust & Investment Co. now owns 6,879 shares of the network equipment provider’s stock worth $808,000 after purchasing an additional 321 shares during the period. Finally, OFS Enterprise LLC bought a new stake in shares of Cisco Systems during the second quarter worth $278,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

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.