Cisco Systems (NASDAQ:CSCO) Trading 1.1% Higher – Here’s What Happened

Cisco Systems, Inc. (NASDAQ:CSCO) shares shot up 1.1% during mid-day trading on Monday . The company traded as high as $79.38 and last traded at $78.86. 17,385,560 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 20,951,270 shares. The stock had previously closed at $77.97.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CSCO. Wells Fargo & Company raised their price target on shares of Cisco Systems from $83.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. CICC Research upped their price objective on Cisco Systems from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, November 14th. Wall Street Zen cut Cisco Systems from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. BNP Paribas Exane boosted their price target on shares of Cisco Systems from $76.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, November 13th. Finally, Morgan Stanley raised their price objective on shares of Cisco Systems from $77.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Seventeen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

Cisco Systems Trading Up 1.1%

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.93 and a quick ratio of 0.83. The stock has a market cap of $311.58 billion, a P/E ratio of 29.65, a PEG ratio of 2.94 and a beta of 0.87. The firm’s fifty day moving average price is $72.68 and its two-hundred day moving average price is $69.22.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. The company had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.77 billion. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. Cisco Systems’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. 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, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. Cisco Systems’s dividend payout ratio (DPR) is 61.65%.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 116,734 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $77.30, for a total transaction of $9,023,538.20. Following the completion of the sale, the chief executive officer directly owned 704,153 shares in the company, valued at $54,431,026.90. This represents a 14.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Maria Victoria Wong sold 9,801 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $76.38, for a total value of $748,600.38. Following the transaction, the senior vice president directly owned 33,026 shares in the company, valued at $2,522,525.88. This trade represents a 22.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,024,627 shares of company stock worth $79,621,482 in the last ninety days. 0.01% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cisco Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bare Financial Services Inc raised its holdings in Cisco Systems by 531.0% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after buying an additional 308 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of Cisco Systems in the third quarter valued at about $25,000. Legacy Investment Solutions LLC bought a new position in shares of Cisco Systems during the second quarter valued at about $28,000. Lowe Wealth Advisors LLC boosted its holdings in shares of Cisco Systems by 96.2% during the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 200 shares during the period. Finally, Financial Connections Group Inc. grew its stake in shares of Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 193 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Company Profile

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.