Rep. Maria Elvira Salazar Unloads Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Key Points

• Rep. Maria Elvira Salazar sold $1,001–$15,000 of Cisco shares on October 23 from her UBS IRA account; the transaction was disclosed November 5.
• Cisco reported quarterly EPS of $1.22, above the $1.17 consensus, and revenue of $17.25 billion, up 17.6% year over year. It also pays an annualized dividend of $1.68 per share, a yield of about 1.8%.
• Analyst views were mixed: MarketBeat showed a “Moderate Buy” consensus, while Morgan Stanley downgraded Cisco, citing concerns that AI-related growth could pressure margins. Cisco’s networking role in AI infrastructure was also highlighted as a potential tailwind.

Representative Maria Elvira Salazar (Republican-Florida) recently sold shares of Cisco Systems, Inc. NASDAQ: CSCO. In a filing disclosed on November 5th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cisco Systems stock on October 23rd. The trade occurred in the Representative's "UBS IRA ACCOUNT" account.

Representative Maria Elvira Salazar also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 10/23/2026.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 10/23/2026.
• Sold $1,001 - $15,000 in shares of Citigroup NYSE: C on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 9/24/2026.
• Sold $1,001 - $15,000 in shares of GE Aerospace NYSE: GE on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Honeywell International NASDAQ: HON on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 9/24/2026.
• Sold $1,001 - $15,000 in shares of FedEx NYSE: FDX on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 9/24/2026.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $95.72 on Friday. The firm has a market cap of $377.38 billion, a P/E ratio of 28.66, a PEG ratio of 2.16 and a beta of 1.01. Cisco Systems, Inc. has a twelve month low of $70.54 and a twelve month high of $130.37. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $109.18 and a 200 day moving average of $101.53.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. The business had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The company's revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business posted $0.99 EPS. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. As a group, research analysts expect that Cisco Systems, Inc. will post 4.42 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, October 2nd. Cisco Systems's payout ratio is presently 50.30%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CSCO shares. Wells Fargo & Company increased their price objective on Cisco Systems from $130.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Piper Sandler cut their target price on Cisco Systems from $132.00 to $125.00 and set a "neutral" rating for the company in a research report on Tuesday, September 22nd. Wall Street Zen upgraded Cisco Systems from a "hold" rating to a "buy" rating in a report on Sunday, October 11th. Weiss Ratings reissued a "buy (b)" rating on shares of Cisco Systems in a research note on Wednesday, August 26th. Finally, Sanford C. Bernstein assumed coverage on Cisco Systems in a report on Wednesday, September 30th. They set a "market perform" rating and a $110.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Cisco Systems has a consensus rating of "Moderate Buy" and a consensus price target of $127.87.

Hedge Funds Weigh In On Cisco Systems

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

Insider Buying and Selling

In other news, insider Jeetendra I. Patel sold 7,170 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.57, for a total value of $799,956.90. Following the completion of the transaction, the insider owned 230,593 shares of the company's stock, valued at approximately $25,727,261.01. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 2,760 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $112.46, for a total transaction of $310,389.60. Following the completion of the transaction, the executive vice president directly owned 165,276 shares of the company's stock, valued at approximately $18,586,938.96. The trade was a 1.64% 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 a total of 44,869 shares of company stock worth $5,005,620 over the last 90 days. 0.01% of the stock is owned by insiders.

Trending Headlines about Cisco Systems

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

• Positive Sentiment: Cisco was named a leader in ABI Research’s Open Line Systems ranking for data center interconnects, supporting its positioning in optical networking as AI drives demand for data center connections. Article: Ciena, Nokia, and Cisco Named Leaders in ABI Research’s Open Line Systems for Data Center Interconnect Scale-Across Ranking
• Positive Sentiment: Spectrum Business introduced a managed secure-networking service using Cisco routers and security software, creating a new channel to sell Cisco solutions to businesses building AI-focused infrastructure. Article: Cisco Systems Expands Into Managed Secure Networking For AI Enterprise Infrastructure
• Neutral Sentiment: Cisco reports Q3 results on November 12. Wall Street expects earnings growth, while options traders are pricing in a potentially sizable post-report move; the coverage also notes Cisco may lack indicators associated with a likely earnings beat. Article: Cisco Systems Set for Near 11% Move After Q3 Earnings Next Week Article: Cisco Systems Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Morgan Stanley cut its rating on Cisco from Overweight to Equal Weight and lowered its price target from $135 to $120. The firm sees risk that faster AI infrastructure revenue growth brings a less profitable product mix, squeezing gross margins and earnings growth, particularly in fiscal 2028. Article: Morgan Stanley Downgrades Cisco On AI Impacting Gross Margins
• Negative Sentiment: The downgrade coincided with a broader pullback in AI infrastructure stocks, adding sector-wide pressure to Cisco’s shares. Article: Cisco Falls on Morgan Stanley Downgrade; Networking Stocks Retreat

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida's 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Salazar (Republican Party) ran for re-election to the U.S. House to represent Florida's 27th Congressional District. She won in the general election on November 5, 2024. Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.

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