Cisco Systems (NASDAQ:CSCO) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Cisco Systems (NASDAQ:CSCO) from a hold rating to a buy rating in a research note released on Sunday morning,Wall Street Zen reports.

A number of other research firms have also recently weighed in on CSCO. Deutsche Bank Aktiengesellschaft assumed coverage on Cisco Systems in a research report on Tuesday, September 1st. They set a “buy” rating and a $135.00 price objective on the stock. Truist Financial increased their target price on shares of Cisco Systems from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. UBS Group raised their target price on shares of Cisco Systems from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Rosenblatt Securities lifted their price target 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, Bank of America upped their price target on shares of Cisco Systems from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.68.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $109.51 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. The firm has a market capitalization of $431.75 billion, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 2.28 and a beta of 1.00. Cisco Systems has a one year low of $66.81 and a one year high of $130.37. The business has a fifty day moving average price of $113.03 and a 200-day moving average price of $104.56.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The company had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. During the same period in the previous year, the business earned $0.99 earnings per share. Cisco Systems’s quarterly revenue was up 17.6% compared to the same quarter last year. 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. Sell-side analysts forecast that Cisco Systems will post 4.43 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd 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 Friday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is 50.30%.

Insider Activity at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 7,170 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.57, for a total transaction of $799,956.90. Following the completion of the sale, the insider directly owned 230,593 shares of the company’s stock, valued at $25,727,261.01. This trade represents a 3.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of Cisco Systems stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the sale, the chief executive officer owned 602,710 shares in the company, valued at approximately $67,226,273.40. The trade was a 3.46% 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. Insiders have sold 44,869 shares of company stock worth $5,005,620 in the last three months. Corporate insiders own 0.01% of the company’s stock.

Institutional Trading of Cisco Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. bought a new stake in shares of Cisco Systems in the fourth quarter worth about $25,000. Networth Advisors LLC lifted its position in shares of 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 buying an additional 246 shares in the last quarter. Financial Life Planners bought a new position in Cisco Systems during the first quarter valued at approximately $27,000. Manning & Napier Advisors LLC boosted its stake in Cisco Systems by 137.0% during the first quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Finally, Osbon Capital Management LLC purchased a new position in Cisco Systems during the 4th quarter valued at approximately $32,000. 73.33% of the stock is currently owned by institutional investors.

More Cisco Systems News

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

• Positive Sentiment: Splunk is expanding Cisco’s AI opportunity by enabling self-hosted agents that operate behind customers’ firewalls. This could broaden the addressable market, although pricing and customer commitments have not been disclosed. Cisco Climbs 3.3% as Splunk Takes AI Behind the Firewall
• Positive Sentiment: Recent commentary highlights strong AI infrastructure demand, including sharply higher hyperscaler orders, accelerating remaining performance obligations and opportunities from a networking-equipment replacement cycle. Cisco’s latest reported quarter also delivered robust revenue growth and exceeded analysts’ expectations. Cisco Stock Could Soon Wake From Its Summer Slumber
• Positive Sentiment: New Splunk AI products, cloud alliances and tools designed to track AI token usage could strengthen Cisco’s security and observability offerings and improve monetization of enterprise AI adoption. The Bull Case For Cisco Systems
• Positive Sentiment: Cisco’s participation in Verizon’s expanded 6G Innovation Forum, alongside major technology companies, supports its positioning in future 5G Advanced, edge-computing and network-platform opportunities. Verizon’s Expanded 6G Innovation Forum
• Neutral Sentiment: Analyst coverage is emphasizing Cisco as a potential quality and cybersecurity beneficiary, but the investment view remains dependent on execution and valuation. Cisco Systems: The Flight to Quality in Tech
• Negative Sentiment: The three-month decline reflects investor concerns over gross-margin pressure, rising memory costs, competition and the pace of recurring-growth expansion. Cisco’s relatively elevated valuation leaves less room for disappointing guidance or execution. Cisco Drops 8% in 3 Months

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.