Cisco Systems (NASDAQ:CSCO) Price Target Raised to $100.00 at Rosenblatt Securities

Cisco Systems (NASDAQ:CSCO) had its target price upped by investment analysts at Rosenblatt Securities from $87.00 to $100.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the network equipment provider’s stock. Rosenblatt Securities’ target price points to a potential upside of 35.21% from the company’s current price.

A number of other equities analysts have also recently issued reports on CSCO. Bank of America boosted their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a research note on Thursday, October 30th. UBS Group raised Cisco Systems from a “neutral” rating to a “buy” rating and upped their price target for the company from $74.00 to $88.00 in a research report on Monday, November 3rd. Wells Fargo & Company increased their price objective on Cisco Systems from $75.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. boosted their target price on Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.26.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $73.96 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems has a one year low of $52.11 and a one year high of $74.84. The business’s 50 day simple moving average is $69.46 and its two-hundred day simple moving average is $67.20. The stock has a market capitalization of $291.46 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95.

Cisco Systems (NASDAQ:CSCO) last issued 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 net margin of 18.45% and a return on equity of 27.06%. The firm had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.77 billion. During the same quarter last year, the business earned $0.91 earnings per share. The business’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. Analysts forecast that Cisco Systems will post 3.04 EPS for the current year.

Insider Buying and Selling

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider owned 237,405 shares of the company’s stock, valued at $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 82,965 shares of company stock worth $5,559,996 over the last 90 days. Corporate insiders own 0.01% of the company’s stock.

Institutional Investors Weigh In On Cisco Systems

A number of institutional investors have recently made changes to their positions in the company. Bare Financial Services Inc lifted its holdings in shares of Cisco Systems by 531.0% during the second quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after purchasing an additional 308 shares in the last quarter. Marquette Asset Management LLC bought a new stake in shares of Cisco Systems in the third quarter worth approximately $25,000. Financial Connections Group Inc. raised its holdings in shares of Cisco Systems by 89.4% during the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 193 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in Cisco Systems in the second quarter worth approximately $28,000. Finally, Lowe Wealth Advisors LLC grew its position in Cisco Systems by 96.2% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Company Profile

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.