Cisco Systems (NASDAQ:CSCO) Shares Up 1.7% – Here’s What Happened

Cisco Systems, Inc. (NASDAQ:CSCO) rose 1.7% during trading on Monday . The stock traded as high as $122.09 and last traded at $121.53. Approximately 19,763,175 shares traded hands during trading, a decline of 17% from the average daily volume of 23,796,771 shares. The stock had previously closed at $119.54.

Key Stories Impacting Cisco Systems

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: The U.S. Supreme Court dismissed a long-running lawsuit accusing Cisco of helping China persecute Falun Gong members, removing a legal overhang that had been hanging over the stock. US Supreme Court ends suit alleging Cisco helped China pursue Falun Gong
• Positive Sentiment: Cisco remains a key beneficiary of AI infrastructure spending, with articles noting strong demand for its routers, switches, silicon, security, and observability software as hyperscale and enterprise traffic grows. How Cisco’s Secure AI Factory and Quantum Networking Bets Could Reshape the Cisco Systems (CSCO) Narrative
• Positive Sentiment: Partnership and innovation headlines, including Cisco’s work on AI-powered employment tools and broader AI ecosystem positioning, support the view that the company is relevant in next-generation networking. Cisco and Generation Are Scaling AI-Powered Pathways to Employment
• Neutral Sentiment: Broker-focused and “trending stock” articles suggest Cisco is widely watched, but they do not change the underlying business outlook on their own. Cisco (CSCO) Is Considered a Good Investment by Brokers: Is That True?
• Neutral Sentiment: One recent note called Cisco a “hold” at around $121, arguing that the stock’s strong rally has already priced in much of the AI growth story. Cisco at $121: Buy, Sell or Hold?
• Negative Sentiment: Several reports suggest the shares may be vulnerable to valuation-based profit taking after a sharp multi-month run, especially with the stock near its 52-week high and “priced for perfection.” Cisco Stock Looks Strong, But One Number Says Be Careful

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on Cisco Systems from $116.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. KeyCorp upped their price objective on shares of Cisco Systems from $87.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Bank of America increased their price objective on shares of Cisco Systems from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Argus raised their target price on shares of Cisco Systems from $100.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Finally, Citigroup lifted their target price on shares of Cisco Systems from $90.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus price target of $122.90.

Cisco Systems Stock Down 1.2%

The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The stock has a market cap of $471.81 billion, a P/E ratio of 38.86, a PEG ratio of 3.10 and a beta of 1.01. The firm has a 50-day simple moving average of $107.69 and a two-hundred day simple moving average of $88.71.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The company had revenue of $15.84 billion during the quarter, compared to analysts’ expectations of $15.56 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. Cisco Systems’s quarterly revenue was up 12.0% on a year-over-year basis. 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. Equities research analysts expect that Cisco Systems, Inc. will post 3.54 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, July 6th. Cisco Systems’s payout ratio is 54.55%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,127 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $119.91, for a total transaction of $854,598.57. Following the transaction, the executive vice president owned 140,857 shares in the company, valued at $16,890,162.87. This trade represents a 4.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,607 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $121.12, for a total value of $315,759.84. Following the sale, the executive vice president owned 172,727 shares of the company’s stock, valued at approximately $20,920,694.24. The trade was a 1.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 47,650 shares of company stock valued at $5,668,823 over the last ninety days. 0.01% of the stock is owned by corporate insiders.

Institutional Trading of Cisco Systems

Several large investors have recently bought and sold shares of the business. MidAtlantic Capital Management Inc. bought a new stake in shares of Cisco Systems during the fourth quarter worth $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Cisco Systems during the 4th quarter valued at approximately $25,000. Networth Advisors LLC raised its stake in Cisco Systems by 276.4% during the first quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock worth $26,000 after buying an additional 246 shares during the last quarter. Financial Life Planners bought a new position in shares of Cisco Systems in the 1st quarter worth about $27,000. Finally, Manning & Napier Advisors LLC increased its holdings in Cisco Systems by 137.0% in the first quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

About Cisco Systems

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.