Truist Financial Has Lowered Expectations for Cisco Systems (NASDAQ:CSCO) Stock Price

Cisco Systems (NASDAQ:CSCO) had its target price lowered by investment analysts at Truist Financial from $140.00 to $127.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the network equipment provider’s stock. Truist Financial‘s target price suggests a potential upside of 32.79% from the company’s previous close.

CSCO has been the topic of several other reports. HSBC downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and cut their price objective for the company from $137.00 to $120.00 in a research report on Friday, August 14th. Piper Sandler decreased their target price on shares of Cisco Systems from $132.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, September 22nd. KeyCorp raised their price target on shares of Cisco Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Morgan Stanley cut Cisco Systems from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a report on Thursday, November 5th. Finally, Deutsche Bank started coverage on Cisco Systems in a report on Tuesday, September 1st. They set a “buy” rating and a $135.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.64.

Cisco Systems Stock Performance

Shares of CSCO traded down $6.37 during midday trading on Friday, hitting $95.64. 28,551,419 shares of the stock traded hands, compared to its average volume of 19,473,690. Cisco Systems has a 1-year low of $72.80 and a 1-year high of $130.37. The firm has a market capitalization of $377.07 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 2.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. The business’s 50 day moving average price is $107.76 and its two-hundred day moving average price is $102.21.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Thursday, November 12th. The network equipment provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.33 by $0.07. Cisco Systems had a net margin of 22.34% and a return on equity of 33.06%. The business had revenue of $18.52 billion during the quarter, compared to analyst estimates of $18.12 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. Cisco Systems has set its Q2 2027 guidance at 1.340-1.360 EPS and its FY 2027 guidance at 5.470-5.530 EPS. Equities research analysts predict that Cisco Systems will post 4.48 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Oliver Tuszik sold 680 shares of Cisco Systems stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $110.18, for a total transaction of $74,922.40. Following the sale, the executive vice president directly owned 163,337 shares in the company, valued at $17,996,470.66. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya Subaiya sold 5,832 shares of Cisco Systems stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $111.47, for a total transaction of $650,093.04. Following the sale, the executive vice president owned 128,382 shares in the company, valued at approximately $14,310,741.54. This represents a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,824 shares of company stock worth $759,392 over the last three months. Corporate insiders own 0.01% of the company’s stock.

Institutional Trading of Cisco Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in CSCO. Cozad Asset Management Inc. increased its holdings in shares of Cisco Systems by 0.3% in the 1st quarter. Cozad Asset Management Inc. now owns 26,203 shares of the network equipment provider’s stock valued at $2,033,000 after acquiring an additional 87 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in Cisco Systems by 3.9% during the second quarter. Dogwood Wealth Management LLC now owns 2,413 shares of the network equipment provider’s stock worth $283,000 after purchasing an additional 90 shares during the last quarter. Green Ridge Wealth Planning LLC lifted its stake in Cisco Systems by 1.5% during the third quarter. Green Ridge Wealth Planning LLC now owns 6,017 shares of the network equipment provider’s stock worth $648,000 after purchasing an additional 90 shares during the last quarter. August Group Capital Ltd boosted its holdings in Cisco Systems by 2.0% in the second quarter. August Group Capital Ltd now owns 4,723 shares of the network equipment provider’s stock valued at $555,000 after purchasing an additional 91 shares in the last quarter. Finally, Financial Insights Inc. boosted its holdings in Cisco Systems by 1.5% in the first quarter. Financial Insights Inc. now owns 6,220 shares of the network equipment provider’s stock valued at $483,000 after purchasing an additional 92 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Top Cisco Systems Stories

Here are a few of the latest stories about CSCO:

• Positive Sentiment: Cisco reported revenue of $18.5 billion and adjusted EPS of $1.40, beating estimates. It raised fiscal 2027 revenue guidance to $74.8–$75.8 billion and EPS guidance to $5.47–$5.53, and lifted its AI revenue target to $9 billion. Strong AI-infrastructure and networking demand underpin the outlook. Reuters: Cisco raises annual revenue forecast
• Positive Sentiment: Management characterized the sequential decline in its second-quarter revenue outlook as seasonal rather than a sign of weakening demand, and emphasized the company’s profitability. Cisco CEO comments on guidance and profitability
• Negative Sentiment: Fiscal Q1 product orders rose 21%, but missed expectations and slowed from the prior period, raising questions about the pace of demand growth. Yahoo Finance: Cisco down on expectations miss

About Cisco Systems

Cisco Systems, Inc. develops networking, cybersecurity, collaboration and observability technologies for businesses, governments and other organizations. Its products include routers, switches, wireless systems and data center infrastructure, along with security software and services that help organizations connect and protect their networks. The company also provides collaboration tools through its Webex platform and observability capabilities through its software offerings, including technology from Splunk, which Cisco acquired in 2024.