Cisco Systems (NASDAQ:CSCO) Cut to “Hold” at Wall Street Zen
by Jessica Moore · The Cerbat GemWall Street Zen cut shares of Cisco Systems (NASDAQ:CSCO – Free Report) from a buy rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.
A number of other research firms also recently issued reports on CSCO. Citic Securities raised their price target on Cisco Systems from $90.00 to $130.00 in a research note on Friday, May 15th. Zacks Research cut Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. CICC Research raised their target price on shares of Cisco Systems from $96.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. Rosenblatt Securities lifted their target price on shares of Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Freedom Capital upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.68.
Read Our Latest Report on Cisco Systems
Cisco Systems Stock Down 1.8%
CSCO stock opened at $110.06 on Friday. The company’s 50 day moving average price is $113.58 and its 200 day moving average price is $103.71. The firm has a market capitalization of $433.92 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 2.34 and a beta of 1.00. Cisco Systems has a fifty-two week low of $66.35 and a fifty-two week high of $130.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The company had revenue of $17.25 billion during the quarter, compared to the consensus estimate of $16.84 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. 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, equities research analysts anticipate that Cisco Systems will post 4.43 EPS for the current fiscal year.
Cisco Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is presently 50.30%.
Insider Buying and Selling
In related news, EVP Deborah L. Stahlkopf sold 6,487 shares of Cisco Systems stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.53, for a total value of $723,495.11. Following the transaction, the executive vice president directly owned 167,116 shares in the company, valued at $18,638,447.48. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,760 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $112.46, for a total transaction of $310,389.60. Following the completion of the transaction, the executive vice president directly owned 165,276 shares in the company, valued at $18,586,938.96. This represents a 1.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 44,869 shares of company stock worth $5,005,620. 0.01% of the stock is currently owned by insiders.
Institutional Trading of Cisco Systems
Several hedge funds and other institutional investors have recently made changes to their positions in CSCO. Bridgewater Advisors Inc. bought a new position in Cisco Systems during the second quarter worth $6,442,000. WCG Wealth Advisors LLC increased its holdings in shares of Cisco Systems by 101.8% during the 4th quarter. WCG Wealth Advisors LLC now owns 107,306 shares of the network equipment provider’s stock worth $8,266,000 after purchasing an additional 54,141 shares during the period. Beacon Pointe Advisors LLC bought a new position in shares of Cisco Systems during the 2nd quarter worth about $60,009,000. Vise Technologies Inc. raised its position in shares of Cisco Systems by 47.1% during the fourth quarter. Vise Technologies Inc. now owns 200,341 shares of the network equipment provider’s stock valued at $15,432,000 after buying an additional 64,144 shares during the last quarter. Finally, Western Wealth Management LLC raised its position in shares of Cisco Systems by 60.5% during the first quarter. Western Wealth Management LLC now owns 76,372 shares of the network equipment provider’s stock valued at $5,926,000 after buying an additional 28,792 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.
Cisco Systems Company Profile
Cisco Systems, Inc is a global technology company that provides networking, cybersecurity, collaboration, observability and other information technology solutions. Its offerings include routers, switches, wireless networking equipment, data center infrastructure, security platforms, unified communications tools and software designed to help organizations connect, manage and protect their digital environments.
Cisco serves businesses, government agencies, educational institutions, telecommunications providers and other organizations worldwide.
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