Cisco Systems (NASDAQ:CSCO) Upgraded by Evercore ISI to Outperform Rating

Cisco Systems (NASDAQ:CSCO) was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a $100.00 price target on the network equipment provider’s stock, up from their prior price target of $80.00. Evercore ISI’s target price indicates a potential upside of 34.07% from the stock’s current price.

CSCO has been the topic of several other research reports. Piper Sandler lifted their price objective on shares of Cisco Systems from $70.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. lifted their price target on shares of Cisco Systems from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Citic Securities increased their price objective on shares of Cisco Systems from $75.00 to $90.00 in a report on Monday, November 17th. Melius Research raised their price objective on Cisco Systems from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, Citigroup boosted their target price on Cisco Systems from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Sixteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.81.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $74.59 on Monday. The business’s 50-day simple moving average is $76.62 and its two-hundred day simple moving average is $71.78. Cisco Systems has a 52 week low of $52.11 and a 52 week high of $80.82. The stock has a market cap of $294.71 billion, a PE ratio of 28.04, a P/E/G ratio of 2.82 and a beta of 0.87. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.46.

Cisco Systems (NASDAQ:CSCO) 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, analysts forecast that Cisco Systems will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Thimaya K. Subaiya sold 1,745 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $79.46, for a total transaction of $138,657.70. Following the completion of the sale, the executive vice president owned 176,319 shares of the company’s stock, valued at $14,010,307.74. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael D. Capellas sold 10,850 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $77.13, for a total transaction of $836,860.50. Following the transaction, the director owned 146,368 shares in the company, valued at approximately $11,289,363.84. This trade represents a 6.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,044,865 shares of company stock valued at $81,397,635 over the last quarter. 0.01% of the stock is owned by company insiders.

Institutional Trading of Cisco Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Cisco Systems by 49.5% during the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock valued at $4,392,000 after acquiring an additional 24,562 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Cisco Systems by 37.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock valued at $542,000 after buying an additional 2,474 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Cisco Systems by 7.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,178 shares of the network equipment provider’s stock valued at $706,000 after buying an additional 712 shares during the period. ORG Partners LLC boosted its stake in shares of Cisco Systems by 21.1% in the second quarter. ORG Partners LLC now owns 2,050 shares of the network equipment provider’s stock worth $142,000 after buying an additional 357 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC raised its position in Cisco Systems by 0.8% during the second quarter. Moody Lynn & Lieberson LLC now owns 36,993 shares of the network equipment provider’s stock valued at $2,567,000 after acquiring an additional 282 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Company Profile

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.