Cisco Systems (NASDAQ:CSCO) Price Target Raised to $90.00

by · The Cerbat Gem

Cisco Systems (NASDAQ:CSCO – Get Free Report) had its target price upped by research analysts at UBS Group from $88.00 to $90.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the network equipment provider’s stock. UBS Group’s price objective points to a potential upside of 16.46% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Melius Research increased their target price on shares of Cisco Systems from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday. HSBC reaffirmed a “hold” rating and set a $69.00 price objective on shares of Cisco Systems in a research report on Friday, August 15th. Bank of America lifted their target price on Cisco Systems from $85.00 to $95.00 and gave the company a “buy” rating in a report on Thursday. William Blair upgraded Cisco Systems to a “hold” rating in a report on Thursday, August 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cisco Systems in a research report on Thursday, October 30th. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.32.

Read Our Latest Stock Report on CSCO

Cisco Systems Trading Up 4.5%

Shares of CSCO stock traded up $3.32 on Thursday, hitting $77.28. The stock had a trading volume of 28,693,574 shares, compared to its average volume of 20,844,680. The company’s 50 day moving average price is $69.46 and its 200-day moving average price is $67.20. Cisco Systems has a 1 year low of $52.11 and a 1 year 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 $304.54 billion, a P/E ratio of 29.48, a P/E/G ratio of 3.00 and a beta of 0.95.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last released its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The company had revenue of $14.88 billion during the quarter, compared to the consensus estimate of $14.77 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company 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. Analysts anticipate that Cisco Systems will post 3.04 earnings per share for the current year.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the transaction, the executive vice president owned 198,855 shares in the company, valued at $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the sale, the chief executive officer owned 639,000 shares in the company, valued at $42,576,570. This trade represents a 4.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,965 shares of company stock valued at $5,559,996 over the last quarter. 0.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cisco Systems

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Cisco Systems by 1.3% in the second quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider’s stock valued at $27,334,996,000 after buying an additional 5,039,714 shares during the last quarter. State Street Corp increased its position in Cisco Systems by 0.6% in the 2nd quarter. State Street Corp now owns 194,695,250 shares of the network equipment provider’s stock valued at $13,507,956,000 after acquiring an additional 1,067,872 shares during the period. Geode Capital Management LLC raised its stake in Cisco Systems by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 99,252,395 shares of the network equipment provider’s stock valued at $6,864,058,000 after acquiring an additional 1,157,704 shares during the last quarter. Norges Bank acquired a new stake in Cisco Systems during the 2nd quarter worth approximately $3,816,825,000. Finally, Invesco Ltd. grew its stake in shares of Cisco Systems by 3.0% in the 2nd quarter. Invesco Ltd. now owns 48,531,251 shares of the network equipment provider’s stock valued at $3,367,098,000 after purchasing an additional 1,414,105 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Company Profile

(Get Free Report)

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.

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