KeyCorp Forecasts Strong Price Appreciation for Cisco Systems (NASDAQ:CSCO) Stock

Cisco Systems (NASDAQ:CSCO) had its price objective increased by stock analysts at KeyCorp from $87.00 to $125.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the network equipment provider’s stock. KeyCorp’s target price points to a potential upside of 5.74% from the stock’s previous close.

A number of other research firms have also weighed in on CSCO. Evercore raised their target price on shares of Cisco Systems from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 target price on shares of Cisco Systems in a report on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a report on Friday, April 24th. BNP Paribas Exane lifted their price objective on shares of Cisco Systems from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, UBS Group lifted their price objective on shares of Cisco Systems from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.55.

Cisco Systems Trading Up 2.3%

Cisco Systems stock opened at $118.21 on Thursday. The stock has a market cap of $466.92 billion, a P/E ratio of 38.38, a PEG ratio of 4.34 and a beta of 0.92. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.85. Cisco Systems has a 1 year low of $62.30 and a 1 year high of $119.36. The firm’s 50 day moving average price is $85.41 and its 200-day moving average price is $79.95.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating 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 firm had revenue of $15.84 billion during the quarter, compared to analyst estimates of $15.56 billion. During the same period last year, the firm posted $0.96 earnings per share. Cisco Systems’s revenue for the quarter was up 12.0% compared to the same quarter last year. 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 predict that Cisco Systems will post 3.42 earnings per share for the current fiscal year.

Insider Activity at Cisco Systems

In related news, EVP Oliver Tuszik sold 3,132 shares of Cisco Systems stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $79.74, for a total value of $249,745.68. Following the completion of the sale, the executive vice president directly 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 legal filing with the SEC, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 551 shares of Cisco Systems stock in a transaction dated 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 sale, the senior vice president owned 27,957 shares of the company’s stock, valued at $2,167,785.78. The trade was a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 15,587 shares of company stock valued at $1,230,765 over the last ninety days. Company insiders own 0.01% of the company’s stock.

Hedge Funds Weigh In On Cisco Systems

Large investors have recently added to or reduced their stakes in the company. Intesa Sanpaolo Wealth Management bought a new position in Cisco Systems in the fourth quarter worth about $25,000. MidAtlantic Capital Management Inc. bought a new position in Cisco Systems in the fourth quarter worth about $25,000. Networth Advisors LLC raised its holdings in Cisco Systems by 276.4% in the first quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock worth $26,000 after purchasing an additional 246 shares in the last quarter. Manning & Napier Advisors LLC raised its holdings in Cisco Systems by 137.0% in the first quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Finally, Financial Life Planners bought a new position in Cisco Systems in the first quarter worth about $27,000. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems News Summary

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

• Positive Sentiment: Cisco reported stronger-than-expected Q3 earnings and revenue, with EPS of $1.06 topping estimates and sales of $15.84 billion above forecasts. Article title
• Positive Sentiment: The company raised full-year guidance and pointed to roughly $9 billion in fiscal 2026 hyperscaler AI infrastructure orders, reinforcing the view that Cisco is becoming a key AI infrastructure beneficiary. Article title
• Positive Sentiment: Multiple firms raised price targets after the earnings beat, including HSBC, Evercore, Piper Sandler, KeyCorp, Morgan Stanley, UBS, BNP Paribas, Wells Fargo and Citigroup, signaling broad Wall Street optimism. Article title
• Positive Sentiment: Cisco’s CEO said AI will force a “multi-billion dollar infrastructure reset,” which supports the bullish narrative that the company is at the center of a long upgrade cycle. Article title
• Neutral Sentiment: Cisco also announced plans to cut about 4,000 jobs as it reshapes spending toward AI, which may improve efficiency but adds some execution risk. Article title
• Neutral Sentiment: Some commentary warns that the stock’s rapid rally has pushed valuation higher, and options activity shows elevated volatility expectations heading into the next phase. Article title

Cisco Systems Company Profile

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.