Cisco Systems (NASDAQ:CSCO) Given New $80.00 Price Target at Evercore ISI

Cisco Systems (NASDAQ:CSCO) had its price objective boosted by Evercore ISI from $74.00 to $80.00 in a research report report published on Thursday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the network equipment provider’s stock.

Several other research analysts also recently commented on the company. Morgan Stanley raised their price objective on Cisco Systems from $77.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays increased their price target on Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 14th. Hsbc Global Res downgraded Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Melius Research upped their price objective on shares of Cisco Systems from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company raised their target price on shares of Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued 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 $83.75.

Cisco Systems Trading Up 0.8%

CSCO stock traded up $0.62 during trading on Thursday, hitting $78.00. The company had a trading volume of 38,794,325 shares, compared to its average volume of 21,067,176. Cisco Systems has a 52-week low of $52.11 and a 52-week high of $79.50. The company has a 50 day simple moving average of $69.64 and a 200-day simple moving average of $67.27. The firm has a market capitalization of $307.38 billion, a P/E ratio of 29.77, a PEG ratio of 3.00 and a beta of 0.95. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.77 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company’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 firm earned $0.91 EPS. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. As a group, research analysts forecast that Cisco Systems will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm 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 2.1%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s payout ratio is 62.60%.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 3,162 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $67.28, for a total value of $212,739.36. Following the completion of the sale, the senior vice president directly owned 31,468 shares in the company, valued at approximately $2,117,167.04. This trade represents a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the sale, the executive vice president owned 198,855 shares in the company, valued at $13,512,197.25. The trade was a 8.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 33,089 shares of company stock valued at $2,236,383. 0.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CSCO. Bare Financial Services Inc grew its stake 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 purchasing 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 worth about $25,000. Financial Connections Group Inc. lifted its holdings in shares of Cisco Systems by 89.4% during 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 period. Legacy Investment Solutions LLC acquired a new stake in shares of Cisco Systems during the second quarter worth about $28,000. Finally, Lowe Wealth Advisors LLC boosted its position 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 buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors 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.