Cisco Systems (NASDAQ:CSCO) Shares Up 1.5% – Here’s Why

Cisco Systems, Inc. (NASDAQ:CSCO)’s stock price shot up 1.5% during mid-day trading on Friday . The company traded as high as $70.77 and last traded at $70.13. 16,186,646 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 20,882,641 shares. The stock had previously closed at $69.09.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CSCO. Weiss Ratings reissued a “buy (b-)” rating on shares of Cisco Systems in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Bank of America boosted their target price on Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. UBS Group boosted their target price on Cisco Systems from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, Evercore ISI boosted their target price on Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.72.

Cisco Systems Trading Up 1.5%

The company has a market capitalization of $277.24 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. The business has a fifty day moving average price of $68.20 and a 200 day moving average price of $65.14. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, October 3rd. Cisco Systems’s dividend payout ratio is presently 62.60%.

Insider Buying and Selling at Cisco Systems

In related news, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the sale, the executive vice president owned 198,855 shares in the company, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 428 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.25, for a total value of $29,211.00. Following the sale, the senior vice president owned 30,619 shares in the company, valued at $2,089,746.75. The trade was a 1.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock valued at $5,559,996 in the last ninety days. Insiders own 0.01% of the company’s stock.

Institutional Trading of Cisco Systems

Several institutional investors and hedge funds have recently bought and sold shares of CSCO. Postrock Partners LLC raised its stake in Cisco Systems by 4.5% in the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider’s stock valued at $241,000 after buying an additional 150 shares during the period. Mount Vernon Associates Inc. MD raised its stake in Cisco Systems by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider’s stock valued at $2,871,000 after buying an additional 150 shares during the period. Wynn Capital LLC raised its stake in Cisco Systems by 0.3% in the third quarter. Wynn Capital LLC now owns 48,456 shares of the network equipment provider’s stock valued at $3,315,000 after buying an additional 150 shares during the period. Old North State Trust LLC raised its stake in Cisco Systems by 0.6% in the second quarter. Old North State Trust LLC now owns 24,534 shares of the network equipment provider’s stock valued at $1,702,000 after buying an additional 151 shares during the period. Finally, Lion Street Advisors LLC raised its stake in Cisco Systems by 0.7% in the second quarter. Lion Street Advisors LLC now owns 20,694 shares of the network equipment provider’s stock valued at $1,436,000 after buying an additional 152 shares during the period. Institutional investors 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.