Cisco Systems (NASDAQ:CSCO) Shares Down 1.2% – Here’s What Happened

by · The Cerbat Gem

Cisco Systems, Inc. (NASDAQ:CSCO – Get Free Report) traded down 1.2% during mid-day trading on Wednesday . The stock traded as low as $119.03 and last traded at $119.7040. Approximately 19,839,679 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 23,749,646 shares. The stock had previously closed at $121.15.

Trending Headlines about Cisco Systems

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

  • Positive Sentiment: KeyCorp raised its price target on Cisco to $130 and reiterated an overweight rating, signaling continued analyst confidence in upside potential.
  • Positive Sentiment: Coverage around Cisco’s AI networking and Acacia optics business pointed to stronger execution in 800G AI infrastructure, which could support future revenue growth.
  • Positive Sentiment: A valuation update nudged Cisco’s fair value estimate higher, suggesting improving expectations tied to AI networking, campus refresh activity, and optical demand.
  • Neutral Sentiment: Q1 earnings roundup coverage placed Cisco alongside other IT and tech names, with investors comparing its growth and guidance to peers rather than reacting to a major new catalyst.
  • Neutral Sentiment: Several articles framed Cisco as a value or quality tech name in a volatile sector, which supports longer-term interest but does not by itself change the near-term thesis.
  • Negative Sentiment: Some commentary emphasized valuation concerns and the challenge of maintaining high-margin growth as Cisco shifts toward AI-related revenue, which could limit further upside if execution slows.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Cisco Systems from $116.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. UBS Group raised their price target on Cisco Systems from $95.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Barclays boosted their price objective on Cisco Systems from $76.00 to $121.00 and gave the company an “equal weight” rating in a report on Thursday, May 14th. Citigroup increased their target price on Cisco Systems from $90.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings upgraded Cisco Systems from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Two research 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 stock. According to MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus price target of $123.14.

Check Out Our Latest Research Report on CSCO

Cisco Systems Stock Down 4.6%

The firm has a market cap of $447.35 billion, a P/E ratio of 37.16, a P/E/G ratio of 3.06 and a beta of 1.01. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $109.17 and a 200-day moving average price of $89.29.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.03. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The firm had revenue of $15.84 billion during the quarter, compared to the consensus estimate of $15.56 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The firm’s quarterly 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. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.53 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

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

Insider Activity at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 21,400 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $120.03, for a total transaction of $2,568,642.00. Following the sale, the chief executive officer owned 637,085 shares of the company’s stock, valued at approximately $76,469,312.55. This trade represents a 3.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,169 shares of Cisco Systems stock in a transaction on Friday, May 15th. The shares were sold at an average price of $117.28, for a total value of $840,780.32. Following the completion of the transaction, the insider owned 246,737 shares in the company, valued at $28,937,315.36. This represents a 2.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 47,650 shares of company stock valued at $5,668,823 over the last 90 days. Insiders own 0.01% of the company’s stock.

Institutional Trading of Cisco Systems

Hedge funds have recently modified their holdings of the company. Southern Financial Group LLC boosted its stake in Cisco Systems by 1.1% in the first quarter. Southern Financial Group LLC now owns 9,159 shares of the network equipment provider’s stock valued at $711,000 after acquiring an additional 102 shares in the last quarter. Shariaportfolio Inc. acquired a new position in shares of Cisco Systems during the first quarter worth $2,016,000. S&A Financial Services Inc. purchased a new stake in shares of Cisco Systems during the 1st quarter valued at $328,000. FAS Wealth Partners Inc. lifted its holdings in shares of Cisco Systems by 195.7% during the 1st quarter. FAS Wealth Partners Inc. now owns 46,604 shares of the network equipment provider’s stock valued at $3,616,000 after purchasing an additional 30,841 shares during the last quarter. Finally, Farmers National Bank boosted its position in shares of Cisco Systems by 3.8% in the 1st quarter. Farmers National Bank now owns 100,212 shares of the network equipment provider’s stock worth $7,775,000 after purchasing an additional 3,671 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Company Profile

(Get Free Report)

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.

See Also