Cisco Systems (NASDAQ:CSCO) Upgraded at Erste Group Bank

Cisco Systems (NASDAQ:CSCO) was upgraded by investment analysts at Erste Group Bank from a “hold” rating to a “buy” rating in a research report issued on Monday, Marketbeat reports.

CSCO has been the subject of a number of other research reports. Wells Fargo & Company raised their price objective on Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. HSBC restated a “hold” rating and issued a $69.00 price target on shares of Cisco Systems in a research note on Friday, August 15th. William Blair raised shares of Cisco Systems to a “hold” rating in a report on Thursday, August 14th. CICC Research began coverage on shares of Cisco Systems in a research report on Monday, July 14th. They set an “outperform” rating and a $78.00 price target on the stock. Finally, Evercore ISI boosted their target price on shares of 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, fifteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.50.

Cisco Systems Trading Up 0.9%

Shares of Cisco Systems stock traded up $0.67 during trading hours on Monday, reaching $71.74. The stock had a trading volume of 3,810,582 shares, compared to its average volume of 20,554,182. The firm has a market capitalization of $282.72 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 3.00 and a beta of 0.95. Cisco Systems has a 1 year low of $52.11 and a 1 year high of $74.84. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The firm has a 50 day simple moving average of $69.19 and a two-hundred day simple moving average of $66.94.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating the consensus estimate 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 firm’s revenue was up 7.6% compared to the same quarter last year. During the same period last 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. As a group, equities research analysts anticipate that Cisco Systems will post 3.04 earnings per share for the current year.

Insider Transactions at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the sale, the insider owned 237,405 shares in the company, valued at $15,811,173. This represents a 3.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the sale, the executive vice president owned 161,467 shares of the company’s stock, valued at approximately $10,792,454.28. This represents a 4.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CSCO. Bare Financial Services Inc raised its holdings in Cisco Systems by 531.0% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock worth $25,000 after acquiring an additional 308 shares during the period. Marquette Asset Management LLC bought a new position in Cisco Systems during the third quarter valued at about $25,000. Financial Connections Group Inc. raised its holdings in Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 193 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in Cisco Systems in the second quarter worth $28,000. Finally, Lowe Wealth Advisors LLC increased its stake in Cisco Systems by 96.2% in the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

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.