Cisco Systems (NASDAQ:CSCO) Stock Sold Off by Rep. Maria Elvira Salazar

Representative Maria Elvira Salazar (Republican-Florida) recently sold shares of Cisco Systems, Inc. (NASDAQ:CSCO). In a filing disclosed on October 7th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cisco Systems stock on September 8th. The trade occurred in the Representative’s “UBS IRA ACCOUNT” account.

Representative Maria Elvira Salazar also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Citigroup (NYSE:C) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of GE Aerospace (NYSE:GE) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Honeywell International (NASDAQ:HON) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of RH (NYSE:RH) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 9/24/2026.

Cisco Systems Trading Up 3.0%

NASDAQ CSCO opened at $118.39 on Friday. Cisco Systems, Inc. has a 52 week low of $66.81 and a 52 week high of $130.37. The company has a 50 day moving average price of $112.18 and a 200 day moving average price of $107.77. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The firm has a market cap of $466.76 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. The business had revenue of $17.25 billion for the quarter, compared to analyst estimates of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. 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. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 4.42 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, October 2nd. Cisco Systems’s payout ratio is 50.30%.

Insider Activity

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 5,832 shares of Cisco Systems stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $111.47, for a total transaction of $650,093.04. Following the completion of the transaction, the executive vice president owned 128,382 shares in the company, valued at approximately $14,310,741.54. This trade represents a 4.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,170 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.57, for a total value of $799,956.90. Following the completion of the sale, the insider owned 230,593 shares in the company, valued at $25,727,261.01. The trade was a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 44,869 shares of company stock valued at $5,005,620 over the last quarter. Insiders own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Freedom Capital upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 16th. UBS Group increased their price target on Cisco Systems from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. HSBC downgraded Cisco Systems from a “buy” rating to a “hold” rating and lowered their price target for the stock from $137.00 to $120.00 in a report on Friday, August 14th. Rosenblatt Securities upped their price objective on shares of Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Wall Street Zen lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.52.

Key Headlines Impacting Cisco Systems

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

• Positive Sentiment: AI networking growth is driving optimism: Cisco is being positioned as a potential leader in AI cloud networking, supported by rising hyperscaler orders, AI infrastructure demand and a solid fiscal 2027 outlook. Buy Cisco Systems as Leader of the AI Cloud Networking Space for 2027
• Positive Sentiment: New AI products expand Cisco’s growth story: The company introduced agentic AI tools for Webex, workplace automation and customer experience, along with Google Meet compatibility for Cisco devices and upcoming RoomOS updates. These initiatives could support longer-term software and collaboration growth. Cisco unveils agentic AI tools across Webex, workplace and CX
• Positive Sentiment: Analyst sentiment remains favorable: Coverage highlights Cisco’s recent momentum, fifth consecutive earnings beat and optimistic average brokerage recommendation, helping reinforce the bullish case for CSCO. Is Cisco a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Board appointment adds technology expertise: Cisco appointed Girish Rishi to its board, bringing experience in data, AI, product development, supply chain and mergers and acquisitions. The appointment is strategically aligned with Cisco’s AI and networking priorities. Cisco Appoints Girish Rishi to its Board of Directors
• Neutral Sentiment: Revenue growth is concentrated in products: Recent quarterly product revenue rose sharply to $13.459 billion, while services revenue was nearly flat at $3.793 billion. Strong product demand is encouraging, but limited services growth may constrain recurring-revenue expansion. Cisco’s Product Sales Surged. Why Were Services Almost Flat?
• Negative Sentiment: Valuation and cooled momentum remain risks: After a substantial year-to-date advance, recent performance has weakened, while commentary questions whether Cisco’s valuation already reflects much of the AI opportunity. Cisco Could Be Entering a New Growth Phase

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Gilpin Wealth Management LLC lifted its holdings in shares of Cisco Systems by 2.5% during the third quarter. Gilpin Wealth Management LLC now owns 11,082 shares of the network equipment provider’s stock worth $1,193,000 after purchasing an additional 271 shares during the period. Tilia Fiduciary Partners Inc. acquired a new position in Cisco Systems in the 3rd quarter worth approximately $203,000. Friday Financial raised its position in Cisco Systems by 11.6% during the 3rd quarter. Friday Financial now owns 3,591 shares of the network equipment provider’s stock worth $391,000 after buying an additional 374 shares during the last quarter. Stokes Capital Advisors LLC lifted its stake in Cisco Systems by 2.9% during the 3rd quarter. Stokes Capital Advisors LLC now owns 13,775 shares of the network equipment provider’s stock valued at $1,483,000 after acquiring an additional 384 shares during the period. Finally, Mirador Capital Partners LP boosted its holdings in shares of Cisco Systems by 11.6% in the 3rd quarter. Mirador Capital Partners LP now owns 30,421 shares of the network equipment provider’s stock valued at $3,274,000 after acquiring an additional 3,159 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida’s 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Salazar (Republican Party) ran for re-election to the U.S. House to represent Florida’s 27th Congressional District. She won in the general election on November 5, 2024.

Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

About Cisco Systems

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration, observability and data center solutions. Its products and services help businesses, governments, educational institutions and other organizations connect users and devices, manage infrastructure, protect digital environments and support cloud-based operations.

Cisco’s portfolio includes routers and switches, wireless networking equipment, network management software, firewalls, identity and access tools, endpoint security products, collaboration applications and observability platforms.