Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report)'s share price fell 1.2% during trading on Wednesday . The stock traded as low as $124.92 and last traded at $126.50. 29,550,205 shares changed hands during trading, an increase of 25% from the average session volume of 23,690,123 shares. The stock had previously closed at $128.00.
More Cisco Systems News
Here are the key news stories impacting Cisco Systems this week:
Wall Street Analysts Forecast Growth
Several research firms recently commented on CSCO. Erste Group Bank cut Cisco Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, February 18th. CICC Research boosted their target price on Cisco Systems from $96.00 to $125.00 and gave the stock an "outperform" rating in a research report on Monday, May 18th. HSBC upgraded Cisco Systems from a "hold" rating to a "buy" rating and boosted their target price for the stock from $77.00 to $137.00 in a research report on Friday, May 15th. New Street Research boosted their target price on Cisco Systems from $82.00 to $122.00 and gave the stock a "neutral" rating in a research report on Thursday, May 14th. Finally, Piper Sandler upped their price objective on Cisco Systems from $86.00 to $132.00 and gave the stock a "neutral" rating in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $119.50.
View Our Latest Research Report on CSCO
Cisco Systems Stock Performance
The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.92. The business has a 50 day moving average price of $94.31 and a two-hundred day moving average price of $83.61. The company has a market cap of $498.59 billion, a P/E ratio of 41.07, a price-to-earnings-growth ratio of 3.09 and a beta of 1.01.
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 for the quarter, beating analysts' consensus estimates of $1.03 by $0.03. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The company had revenue of $15.84 billion during the quarter, compared to analyst estimates of $15.56 billion. During the same quarter in the previous year, the company posted $0.96 EPS. Cisco Systems's revenue for the quarter 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, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.54 earnings per share for the current year.
Cisco Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.68 dividend on an annualized basis and a yield of 1.3%. Cisco Systems's dividend payout ratio is presently 54.55%.
Insider Buying and Selling at Cisco Systems
In other Cisco Systems news, EVP Oliver Tuszik sold 3,132 shares of the company's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $79.74, for a total transaction of $249,745.68. Following the transaction, the executive vice president owned 188,613 shares in the company, valued at approximately $15,040,000.62. This represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeetendra I. Patel sold 7,169 shares of the company's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $117.28, for a total value of $840,780.32. Following the transaction, the insider owned 246,737 shares in the company, valued at $28,937,315.36. This trade represents a 2.82% 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 have sold a total of 51,324 shares of company stock worth $5,559,834 over the last three months. 0.01% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Cisco Systems by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 398,943,293 shares of the network equipment provider's stock worth $30,730,602,000 after acquiring an additional 4,049,893 shares during the period. State Street Corp grew its holdings in shares of Cisco Systems by 0.5% during the 4th quarter. State Street Corp now owns 195,521,161 shares of the network equipment provider's stock worth $15,060,995,000 after acquiring an additional 1,057,962 shares during the period. Morgan Stanley grew its holdings in shares of Cisco Systems by 0.3% during the 4th quarter. Morgan Stanley now owns 75,326,258 shares of the network equipment provider's stock worth $5,802,382,000 after acquiring an additional 206,352 shares during the period. Invesco Ltd. grew its holdings in shares of Cisco Systems by 11.6% during the 4th quarter. Invesco Ltd. now owns 59,836,782 shares of the network equipment provider's stock worth $4,609,227,000 after acquiring an additional 6,224,062 shares during the period. Finally, Norges Bank purchased a new position in shares of Cisco Systems during the 4th quarter worth approximately $4,473,272,000. Hedge funds and other institutional investors own 73.33% of the company's stock.
About Cisco Systems
(
Get Free Report)
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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