Cisco Systems (NASDAQ:CSCO) Stock Price Target Cut by Wells Fargo & Company

Cisco Systems (NASDAQ:CSCO) had its price objective decreased by investment analysts at Wells Fargo & Company from $150.00 to $130.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the network equipment provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 35.93% from the stock’s previous close.

A number of other research firms have also recently issued reports on CSCO. Barclays cut their price target on Cisco Systems from $123.00 to $109.00 and set an “equal weight” rating for the company in a report on Friday. Rosenblatt Securities lowered their price objective on shares of Cisco Systems from $165.00 to $140.00 and set a “buy” rating for the company in a research report on Friday. KeyCorp boosted their price objective on shares of Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Piper Sandler reaffirmed a “neutral” rating and set a $112.00 price objective (down from $125.00) on shares of Cisco Systems in a report on Friday. Finally, Freedom Capital upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.64.

Cisco Systems Price Performance

NASDAQ CSCO traded down $6.37 during trading hours on Friday, reaching $95.64. 28,551,419 shares of the company’s stock were exchanged, compared to its average volume of 19,473,690. The stock has a market cap of $377.07 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 2.09 and a beta of 1.01. Cisco Systems has a one year low of $72.80 and a one year high of $130.37. The firm has a fifty day moving average of $107.76 and a 200-day moving average of $102.21. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Thursday, November 12th. The network equipment provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.07. The firm had revenue of $18.52 billion during the quarter, compared to the consensus estimate of $18.12 billion. Cisco Systems had a return on equity of 33.06% and a net margin of 22.34%. During the same quarter in the previous year, the company posted $1.00 EPS. Cisco Systems has set its Q2 2027 guidance at 1.340-1.360 EPS and its FY 2027 guidance at 5.470-5.530 EPS. On average, equities research analysts predict that Cisco Systems will post 4.48 earnings per share for the current fiscal year.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Thimaya Subaiya sold 5,832 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $111.47, for a total value of $650,093.04. Following the transaction, the executive vice president directly owned 128,382 shares of the company’s stock, valued at approximately $14,310,741.54. This trade represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 680 shares of Cisco Systems stock in a transaction on Monday, September 14th. The stock was sold at an average price of $110.18, for a total transaction of $74,922.40. Following the sale, the executive vice president directly owned 163,337 shares of the company’s stock, valued at $17,996,470.66. This represents a 0.41% decrease in their position. 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 sold 6,824 shares of company stock worth $759,392 over the last 90 days. 0.01% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cisco Systems

A number of institutional investors have recently made changes to their positions in CSCO. BlackRock Inc. acquired a new position in Cisco Systems in the second quarter valued at about $42,129,647,000. State Street Corp boosted its holdings in Cisco Systems by 7.0% during the second quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock worth $25,278,492,000 after buying an additional 13,512,872 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Cisco Systems during the 2nd quarter worth about $5,892,379,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Cisco Systems by 2.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,450,141 shares of the network equipment provider’s stock worth $5,103,654,000 after buying an additional 1,143,106 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Cisco Systems in the 2nd quarter valued at about $4,714,574,000. 73.33% of the stock is owned by institutional investors and hedge funds.

More Cisco Systems News

Here’s some of the latest news about CSCO:

• Positive Sentiment: Cisco reported revenue of $18.5 billion and adjusted EPS of $1.40, beating estimates. It raised fiscal 2027 revenue guidance to $74.8–$75.8 billion and EPS guidance to $5.47–$5.53, and lifted its AI revenue target to $9 billion. Strong AI-infrastructure and networking demand underpin the outlook. Reuters: Cisco raises annual revenue forecast
• Neutral Sentiment: Several analysts lowered price targets after the results, but kept positive or neutral ratings. Citigroup cut its target to $120 and Wells Fargo to $130, both retaining Buy or Overweight; other firms also trimmed targets. The revisions reflect caution about near-term execution, even as analysts see potential upside. Benzinga: Analyst cuts Cisco price target
• Negative Sentiment: Fiscal Q1 product orders rose 21%, but missed expectations and slowed from the prior period, raising questions about the pace of demand growth. Yahoo Finance: Cisco down on expectations miss

About Cisco Systems

Cisco Systems, Inc. develops networking, cybersecurity, collaboration and observability technologies for businesses, governments and other organizations. Its products include routers, switches, wireless systems and data center infrastructure, along with security software and services that help organizations connect and protect their networks. The company also provides collaboration tools through its Webex platform and observability capabilities through its software offerings, including technology from Splunk, which Cisco acquired in 2024.