Key Points
- Cisco EVP Oliver Tuszik sold 680 shares for approximately $74,922 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 0.41% to 163,337 shares. He also sold 2,760 shares in August.
- Cisco reported quarterly earnings of $1.22 per share and revenue of $17.25 billion, exceeding analyst estimates, while revenue increased 17.6% year over year.
- The company declared a quarterly dividend of $0.42 per share, representing a $1.68 annualized payout and a 1.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $129.68.
Cisco Systems, Inc. (NASDAQ:CSCO - Get Free Report) EVP Thimaya Subaiya sold 312 shares of the company's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $110.18, for a total value of $34,376.16. Following the transaction, the executive vice president directly owned 127,661 shares of the company's stock, valued at $14,065,688.98. This trade represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cisco Systems Price Performance
Shares of NASDAQ CSCO opened at $110.06 on Tuesday. The business's fifty day moving average price is $113.58 and its two-hundred day moving average price is $103.71. The firm has a market capitalization of $433.92 billion, a PE ratio of 32.95, a P/E/G ratio of 2.34 and a beta of 1.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. Cisco Systems, Inc. has a 1-year low of $66.35 and a 1-year high of $130.37.
Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The firm had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. During the same period last year, the firm posted $0.99 EPS. Cisco Systems's quarterly revenue was up 17.6% compared to the same quarter last year. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. On average, research analysts expect that Cisco Systems, Inc. will post 4.43 EPS for the current year.
Cisco Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.68 annualized dividend and a yield of 1.5%. Cisco Systems's dividend payout ratio is presently 50.30%.
Institutional Investors Weigh In On Cisco Systems
Several large investors have recently modified their holdings of CSCO. MidAtlantic Capital Management Inc. purchased a new position in shares of Cisco Systems in the fourth quarter worth approximately $25,000. Networth Advisors LLC lifted its position in shares of Cisco Systems by 276.4% in the 1st quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider's stock valued at $26,000 after acquiring an additional 246 shares in the last quarter. Manning & Napier Advisors LLC lifted its position in shares of Cisco Systems by 137.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider's stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Financial Life Planners acquired a new position in Cisco Systems in the 1st quarter worth approximately $27,000. Finally, Principia Wealth Advisory LLC grew its position in Cisco Systems by 43.7% during the 2nd quarter. Principia Wealth Advisory LLC now owns 398 shares of the network equipment provider's stock worth $47,000 after purchasing an additional 121 shares in the last quarter. 73.33% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on CSCO. Bank of America increased their price target on Cisco Systems from $135.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, June 8th. KeyCorp raised their target price on Cisco Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. Wall Street Zen lowered Cisco Systems from a "buy" rating to a "hold" rating in a report on Saturday. Rosenblatt Securities boosted their price target on shares of Cisco Systems from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Finally, Truist Financial upped their price target on shares of Cisco Systems from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.68.
View Our Latest Report on CSCO
Cisco Systems Company Profile
(
Get Free Report)
Cisco Systems, Inc is a global technology company that provides networking, cybersecurity, collaboration, observability and other information technology solutions. Its offerings include routers, switches, wireless networking equipment, data center infrastructure, security platforms, unified communications tools and software designed to help organizations connect, manage and protect their digital environments.
Cisco serves businesses, government agencies, educational institutions, telecommunications providers and other organizations worldwide.
Further Reading
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