Cisco Systems (NASDAQ:CSCO) Reaches New 52-Week High After Strong Earnings

Cisco Systems, Inc. (NASDAQ:CSCO)’s share price hit a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $79.50 and last traded at $76.9210, with a volume of 7409177 shares traded. The stock had previously closed at $73.96.

The network equipment provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. The business had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.77 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 62.60%.

Wall Street Analyst Weigh In

CSCO has been the topic of several research reports. Hsbc Global Res lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Bank of America lifted their price target on Cisco Systems from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday. HSBC reiterated a “hold” rating and issued a $69.00 price objective on shares of Cisco Systems in a research note on Friday, August 15th. Evercore ISI upped their price target on Cisco Systems from $74.00 to $80.00 and gave the stock an “in-line” rating in a research report on Thursday. Finally, Melius Research raised their price objective on shares of Cisco Systems from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.74.

Insider Activity at Cisco Systems

In other news, EVP Oliver Tuszik sold 17,526 shares of the 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 transaction, the executive vice president owned 198,855 shares in the company, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. This represents a 3.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 82,965 shares of company stock worth $5,559,996 over the last ninety days. 0.01% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cisco Systems

Several institutional investors have recently made changes to their positions in the stock. Drive Wealth Management LLC raised its position in shares of Cisco Systems by 2.7% during the second quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock valued at $1,152,000 after buying an additional 436 shares during the last quarter. Shell Asset Management Co. grew its stake in Cisco Systems by 53.3% in the second quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock valued at $5,358,000 after purchasing an additional 26,840 shares during the last quarter. Guinness Asset Management LTD increased its stake in Cisco Systems by 15.9% during the 2nd quarter. Guinness Asset Management LTD now owns 4,389,728 shares of the network equipment provider’s stock valued at $304,451,000 after purchasing an additional 603,131 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Cisco Systems by 1.2% during the second quarter. Geode Capital Management LLC now owns 99,252,395 shares of the network equipment provider’s stock worth $6,864,058,000 after purchasing an additional 1,157,704 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock valued at $482,509,000 after acquiring an additional 5,622,672 shares during the period. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Up 4.6%

The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The business’s 50-day moving average is $69.46 and its two-hundred day moving average is $67.20. The stock has a market capitalization of $304.72 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95.

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.