Cisco Systems (NASDAQ:CSCO) Upgraded at KeyCorp

Cisco Systems (NASDAQ:CSCO - Get Free Report) was upgraded by KeyCorp to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports. KeyCorp also issued estimates for Cisco Systems' Q1 2026 earnings at $0.78 EPS, Q2 2026 earnings at $0.79 EPS, Q3 2026 earnings at $0.83 EPS, Q4 2026 earnings at $0.87 EPS and FY2026 earnings at $3.27 EPS.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and raised their target price for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. Wells Fargo & Company upgraded Cisco Systems from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $72.00 to $75.00 in a research note on Thursday, May 15th. Evercore ISI raised their target price on Cisco Systems from $67.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Piper Sandler raised their target price on Cisco Systems from $60.00 to $64.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Finally, Morgan Stanley restated a "hold" rating on shares of Cisco Systems in a research note on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $69.53.

Cisco Systems Stock Down 0.4%

Shares of CSCO traded down $0.30 during midday trading on Wednesday, hitting $68.65. 26,213,514 shares of the company's stock traded hands, compared to its average volume of 20,249,969. Cisco Systems has a 1 year low of $44.50 and a 1 year high of $69.25. The firm's fifty day moving average is $62.31 and its 200-day moving average is $61.02. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $271.85 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 4.12 and a beta of 0.88.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The network equipment provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $14.15 billion during the quarter, compared to analyst estimates of $14.05 billion. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The business's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 EPS. As a group, sell-side analysts anticipate that Cisco Systems will post 3.04 earnings per share for the current year.

Insider Activity

In other news, CFO Richard Scott Herren sold 15,678 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the sale, the chief financial officer now directly owns 309,543 shares in the company, valued at $20,281,257.36. This trade represents a 4.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thimaya K. Subaiya sold 8,726 shares of Cisco Systems stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.54, for a total value of $571,902.04. Following the completion of the sale, the executive vice president now owns 174,669 shares in the company, valued at approximately $11,447,806.26. The trade was a 4.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,335 shares of company stock worth $6,271,054 in the last ninety days. Company insiders own 0.01% of the company's stock.

Institutional Investors Weigh In On Cisco Systems

Several institutional investors have recently bought and sold shares of the company. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Cisco Systems in the 1st quarter worth about $9,273,000. Swedbank AB boosted its holdings in Cisco Systems by 7.0% in the 1st quarter. Swedbank AB now owns 7,541,877 shares of the network equipment provider's stock worth $465,409,000 after buying an additional 494,160 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Cisco Systems by 39.0% in the 1st quarter. Voya Investment Management LLC now owns 8,422,911 shares of the network equipment provider's stock worth $519,778,000 after buying an additional 2,365,389 shares during the last quarter. Howe & Rusling Inc. boosted its holdings in Cisco Systems by 7.3% in the 1st quarter. Howe & Rusling Inc. now owns 18,820 shares of the network equipment provider's stock worth $1,161,000 after buying an additional 1,273 shares during the last quarter. Finally, Compass Financial Services Inc boosted its holdings in Cisco Systems by 298.3% in the 1st quarter. Compass Financial Services Inc now owns 709 shares of the network equipment provider's stock worth $44,000 after buying an additional 531 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Company Profile

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.