Cisco Systems (NASDAQ:CSCO) Price Target Raised to $132.00

Key Points

• BNP Paribas Exane raised its price target on Cisco Systems from $87 to $132 and kept an outperform rating, implying meaningful upside from the prior close.
• Cisco shares jumped 14.2% to $116.38 after the company posted stronger-than-expected quarterly results, with EPS of $1.06 and revenue of $15.84 billion, up 12% year over year.
• The company also boosted its fiscal 2026 guidance and highlighted surging AI infrastructure orders, including about $9 billion in hyperscaler AI-related orders, reinforcing optimism around future demand.

Cisco Systems (NASDAQ:CSCO - Get Free Report) had its price target increased by BNP Paribas Exane from $87.00 to $132.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm presently has an "outperform" rating on the network equipment provider's stock. BNP Paribas Exane's price target would indicate a potential upside of 13.42% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on CSCO. UBS Group reiterated a "buy" rating on shares of Cisco Systems in a research note on Thursday. HSBC raised their target price on shares of Cisco Systems from $74.00 to $77.00 and gave the company a "hold" rating in a research note on Friday, February 13th. Erste Group Bank lowered shares of Cisco Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, February 18th. Argus upgraded shares of Cisco Systems to a "strong-buy" rating in a research note on Friday, February 13th. Finally, The Goldman Sachs Group lifted their price objective on shares of Cisco Systems from $75.00 to $116.00 and gave the company a "neutral" rating in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $108.32.

Cisco Systems Stock Up 14.2%

Shares of NASDAQ CSCO traded up $14.51 during mid-day trading on Thursday, hitting $116.38. The company had a trading volume of 34,663,707 shares, compared to its average volume of 22,660,469. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The firm has a 50-day simple moving average of $83.93 and a two-hundred day simple moving average of $79.36. The company has a market capitalization of $459.68 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 3.73 and a beta of 0.92. Cisco Systems has a one year low of $62.30 and a one year high of $119.36.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.03. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The business had revenue of $15.84 billion for the quarter, compared to analyst estimates of $15.56 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. Cisco Systems's 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 expect that Cisco Systems will post 3.42 EPS for the current year.

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 19,545 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $76.00, for a total value of $1,485,420.00. Following the transaction, the chief executive officer directly owned 671,095 shares of the company's stock, valued at $51,003,220. This represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 551 shares of Cisco Systems stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $77.54, for a total transaction of $42,724.54. Following the sale, the senior vice president directly owned 27,957 shares of the company's stock, valued at $2,167,785.78. The trade was a 1.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 46,431 shares of company stock worth $3,574,820. 0.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cisco Systems

A number of institutional investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after purchasing an additional 24,562 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Cisco Systems by 37.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock worth $542,000 after buying an additional 2,474 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Cisco Systems by 7.5% in the second quarter. Sivia Capital Partners LLC now owns 10,178 shares of the network equipment provider's stock valued at $706,000 after acquiring an additional 712 shares during the period. Schnieders Capital Management LLC. grew its stake in shares of Cisco Systems by 3.9% in the second quarter. Schnieders Capital Management LLC. now owns 13,974 shares of the network equipment provider's stock valued at $969,000 after acquiring an additional 519 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Cisco Systems by 118.1% in the second quarter. Marshall Wace LLP now owns 90,650 shares of the network equipment provider's stock valued at $6,289,000 after acquiring an additional 590,650 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Key Headlines Impacting Cisco Systems

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

• Positive Sentiment: Cisco reported revenue of $15.84 billion, up 12% year over year and above Wall Street estimates, while adjusted EPS of $1.06 also topped expectations. Cisco Reports Third Quarter Earnings
• Positive Sentiment: The company raised full-year fiscal 2026 guidance, with revenue now projected at $62.8 billion-$63.0 billion and EPS at $4.27-$4.29, both above consensus, signaling confidence in demand trends. Reuters article
• Positive Sentiment: Cisco said AI infrastructure orders are surging, including about $9 billion in hyperscaler AI infrastructure orders for FY2026, reinforcing the market’s view that Cisco is becoming a bigger AI play. Article about AI infrastructure orders
• Positive Sentiment: The company also announced a quarterly dividend of $0.42 per share, which supports its appeal to income-focused investors. MarketBeat dividend note
• Neutral Sentiment: Cisco is cutting about 4,000 jobs as part of an AI-focused restructuring, with up to $1 billion in related charges; investors see this as a margin/efficiency move, but it also adds near-term execution risk. WSJ article

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.

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