Cisco Systems (NASDAQ:CSCO) Price Target Raised to $77.00

Key Points

• Morgan Stanley has raised its price target for Cisco Systems from $73.00 to $77.00, indicating a potential upside of 10.06% from the current stock price.
• The stock is currently rated as a "Moderate Buy" with a consensus target price averaging $74.89 based on various analysts' ratings.
• Cisco Systems reported $0.99 earnings per share, surpassing expectations, and had quarterly revenue of $14.67 billion, a 7.6% increase from the previous year.

Cisco Systems (NASDAQ:CSCO - Get Free Report) had its target price increased by research analysts at Morgan Stanley from $73.00 to $77.00 in a research note issued to investors on Friday,MarketScreener reports. The firm currently has an "overweight" rating on the network equipment provider's stock. Morgan Stanley's price target indicates a potential upside of 10.06% from the stock's current price.

Other equities research analysts have also recently issued reports about the stock. HSBC reaffirmed a "hold" rating and issued a $69.00 price objective on shares of Cisco Systems in a research report on Friday, August 15th. CICC Research began coverage on Cisco Systems in a report on Monday, July 14th. They issued an "outperform" rating and a $78.00 price objective for the company. UBS Group boosted their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Wolfe Research initiated coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.89.

Cisco Systems Stock Down 0.5%

Cisco Systems stock opened at $69.96 on Friday. The company's 50 day simple moving average is $68.22 and its 200 day simple moving average is $64.81. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The firm has a market capitalization of $276.57 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 2.96 and a beta of 0.97. Cisco Systems has a fifty-two week low of $52.11 and a fifty-two week high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, sell-side analysts anticipate that Cisco Systems will post 3.04 EPS for the current year.

Insider Buying and Selling

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president owned 161,662 shares in the company, valued at $10,766,689.20. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the sale, the chief executive officer directly owned 639,000 shares of the company's stock, valued at approximately $42,576,570. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock valued at $5,559,996 in the last ninety days. 0.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CSCO. Bare Financial Services Inc grew its stake in Cisco Systems by 531.0% during the second quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider's stock worth $25,000 after buying an additional 308 shares in the last quarter. Financial Connections Group Inc. lifted its holdings in shares of Cisco Systems by 89.4% during the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock worth $28,000 after acquiring an additional 193 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of Cisco Systems during the 2nd quarter worth approximately $28,000. Pandora Wealth Inc. bought a new position in Cisco Systems in the first quarter valued at approximately $31,000. Finally, Nova Wealth Management Inc. bought a new stake in Cisco Systems during the first quarter worth $31,000. Institutional investors and hedge funds own 73.33% of the company's stock.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

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