Cisco Systems (NASDAQ:CSCO) Trading Up 1.3% – Here’s What Happened

Cisco Systems, Inc. (NASDAQ:CSCO) shares shot up 1.3% during mid-day trading on Friday . The stock traded as high as $76.96 and last traded at $77.0750. 7,320,773 shares traded hands during trading, a decline of 65% from the average session volume of 21,113,402 shares. The stock had previously closed at $76.07.

Wall Street Analyst Weigh In

Several brokerages recently commented on CSCO. BNP Paribas Exane lifted their target price on shares of Cisco Systems from $76.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, November 13th. Morgan Stanley upped their price objective on shares of Cisco Systems from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Bank of America increased their target price on shares of Cisco Systems from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Wells Fargo & Company boosted their price target on Cisco Systems from $83.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Finally, CICC Research increased their price objective on Cisco Systems from $78.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and an average price target of $84.14.

Cisco Systems Stock Performance

The business has a 50-day simple moving average of $71.52 and a 200 day simple moving average of $68.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The firm has a market cap of $304.53 billion, a PE ratio of 29.42, a PEG ratio of 3.00 and a beta of 0.95.

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 27.06% and a net margin of 18.45%.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. Q2 2026 guidance at 1.010-1.030 EPS. Equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be given a dividend of $0.41 per share. The ex-dividend date is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. Cisco Systems’s dividend payout ratio is currently 61.65%.

Insider Buying and Selling at Cisco Systems

In related news, insider Jeetendra I. Patel sold 163,896 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $77.86, for a total value of $12,760,942.56. Following the completion of the transaction, the insider directly owned 281,108 shares of the company’s stock, valued at approximately $21,887,068.88. This trade represents a 36.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 56,038 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $78.33, for a total transaction of $4,389,456.54. Following the sale, the executive vice president directly owned 179,780 shares in the company, valued at approximately $14,082,167.40. The trade was a 23.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,024,627 shares of company stock worth $79,621,482 over the last three months. 0.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cisco Systems

Several large investors have recently added to or reduced their stakes in CSCO. Brighton Jones LLC grew its holdings in shares of Cisco Systems by 49.5% in the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after purchasing an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC increased 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 acquiring an additional 2,474 shares during the period. Picton Mahoney Asset Management raised its stake in shares of Cisco Systems by 80,078.3% during the 1st quarter. Picton Mahoney Asset Management now owns 18,441 shares of the network equipment provider’s stock worth $1,138,000 after acquiring an additional 18,418 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Cisco Systems by 20.6% during the 1st quarter. Meeder Asset Management Inc. now owns 1,859 shares of the network equipment provider’s stock worth $115,000 after buying an additional 317 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Cisco Systems by 87.5% in the first quarter. Geneos Wealth Management Inc. now owns 57,236 shares of the network equipment provider’s stock worth $3,532,000 after acquiring an additional 26,703 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

About Cisco Systems

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.