Key Points
- Cisco CEO Charles Robbins sold 21,400 shares on May 22 at an average price of $120.03, totaling about $2.57 million. The sale was made under a pre-arranged Rule 10b5-1 plan, and Robbins still held 637,085 shares afterward.
- Cisco recently beat earnings expectations, reporting $1.06 EPS versus the $1.03 consensus, with revenue of $15.84 billion topping estimates. The company also raised guidance for Q4 2026 and FY 2026.
- Analysts remain bullish on Cisco amid AI and networking demand, with multiple firms lifting price targets and the stock trading near its 1-year high of $120.79. Cisco also announced a quarterly dividend of $0.42 per share, payable July 22.
Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) CEO Charles Robbins sold 21,400 shares of the business's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $120.03, for a total transaction of $2,568,642.00. Following the sale, the chief executive officer owned 637,085 shares of the company's stock, valued at approximately $76,469,312.55. The trade was a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cisco Systems Stock Up 1.1%
CSCO stock opened at $119.67 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.81. Cisco Systems, Inc. has a 1-year low of $62.30 and a 1-year high of $120.79. The firm has a fifty day moving average price of $91.81 and a two-hundred day moving average price of $82.58. The firm has a market cap of $471.67 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 3.60 and a beta of 0.92.
Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.03. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The firm had revenue of $15.84 billion during the quarter, compared to analyst estimates of $15.56 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. Research analysts predict that Cisco Systems, Inc. will post 3.44 EPS for the current year.
Cisco Systems Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, July 6th. This represents a $1.68 annualized dividend and a yield of 1.4%. Cisco Systems's payout ratio is presently 54.55%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on CSCO shares. BNP Paribas Exane boosted their target price on shares of Cisco Systems from $87.00 to $132.00 and gave the company an "outperform" rating in a research note on Thursday, May 14th. Truist Financial assumed coverage on shares of Cisco Systems in a research note on Tuesday, March 31st. They set a "buy" rating and a $94.00 target price for the company. Piper Sandler upped their price target on shares of Cisco Systems from $86.00 to $132.00 and gave the stock a "neutral" rating in a research report on Thursday, May 14th. Argus upped their price target on shares of Cisco Systems from $100.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, May 19th. Finally, DZ Bank upgraded shares of Cisco Systems to a "strong-buy" rating in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $119.09.
Check Out Our Latest Stock Report on CSCO
Hedge Funds Weigh In On Cisco Systems
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Cisco Systems by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 398,943,293 shares of the network equipment provider's stock worth $30,730,602,000 after acquiring an additional 4,049,893 shares during the last quarter. State Street Corp lifted its holdings in Cisco Systems by 0.5% in the fourth quarter. State Street Corp now owns 195,521,161 shares of the network equipment provider's stock worth $15,060,995,000 after purchasing an additional 1,057,962 shares during the period. Morgan Stanley lifted its holdings in Cisco Systems by 0.3% in the fourth quarter. Morgan Stanley now owns 75,326,258 shares of the network equipment provider's stock worth $5,802,382,000 after purchasing an additional 206,352 shares during the period. Invesco Ltd. lifted its holdings in Cisco Systems by 11.6% in the fourth quarter. Invesco Ltd. now owns 59,836,782 shares of the network equipment provider's stock worth $4,609,227,000 after purchasing an additional 6,224,062 shares during the period. Finally, Norges Bank acquired a new stake in Cisco Systems in the fourth quarter worth about $4,473,272,000. Institutional investors own 73.33% of the company's stock.
Key Cisco Systems News
Here are the key news stories impacting Cisco Systems this week:
About Cisco Systems
(
Get Free Report)
Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.
In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.
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