Cisco Systems, Inc. (NASDAQ:CSCO – Get Free Report)’s share price dropped 1% during mid-day trading on Thursday . The company traded as low as $73.55 and last traded at $73.96. Approximately 16,997,422 shares changed hands during trading, a decline of 1% from the average daily volume of 17,121,418 shares. The stock had previously closed at $74.72.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on CSCO. Rosenblatt Securities increased their price objective on shares of Cisco Systems from $87.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cisco Systems in a research report on Thursday, October 30th. Erste Group Bank raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. Citigroup raised their target price on Cisco Systems from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Argus lifted their target price on Cisco Systems from $80.00 to $100.00 in a research report on Thursday, November 13th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.23.
View Our Latest Report on Cisco Systems
Cisco Systems Trading Down 1.0%
Cisco Systems (NASDAQ:CSCO – Get Free Report) last released its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The firm had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. During the same quarter last year, the business posted $0.91 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. As a group, research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.
Cisco Systems Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, January 2nd. Cisco Systems’s dividend payout ratio (DPR) is presently 61.65%.
Insiders Place Their Bets
In related news, CEO Charles Robbins sold 116,734 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $77.30, for a total value of $9,023,538.20. Following the sale, the chief executive officer directly owned 704,153 shares in the company, valued at approximately $54,431,026.90. The trade was a 14.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael D. Capellas sold 10,850 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $77.13, for a total value of $836,860.50. Following the transaction, the director owned 146,368 shares of the company’s stock, valued at $11,289,363.84. This represents a 6.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,044,865 shares of company stock worth $81,397,635. 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 modified their holdings of the company. Green Alpha Advisors LLC lifted its position in Cisco Systems by 1.2% during the fourth quarter. Green Alpha Advisors LLC now owns 12,349 shares of the network equipment provider’s stock valued at $951,000 after purchasing an additional 141 shares during the last quarter. Benchmark Financial Wealth Advisors LLC raised its position in shares of Cisco Systems by 1.4% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 10,449 shares of the network equipment provider’s stock valued at $715,000 after buying an additional 142 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its holdings in shares of Cisco Systems by 0.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 24,622 shares of the network equipment provider’s stock valued at $1,685,000 after acquiring an additional 142 shares during the last quarter. Yoder Wealth Management Inc. grew its position in Cisco Systems by 3.8% in the third quarter. Yoder Wealth Management Inc. now owns 3,945 shares of the network equipment provider’s stock worth $270,000 after acquiring an additional 143 shares in the last quarter. Finally, Weaver Consulting Group increased its stake in Cisco Systems by 1.5% during the third quarter. Weaver Consulting Group now owns 9,940 shares of the network equipment provider’s stock worth $680,000 after acquiring an additional 145 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.
About Cisco Systems
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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