Keybanc Reiterates Buy Rating for Cisco Systems, Inc.
Keybanc maintains its bullish outlook on Cisco Systems with a $130 target, a 14.27% upside from the current price.
Key Points
- On June 25, 2026, Keybanc reiterated its buy rating on Cisco Systems, Inc. (CSCO) with a price target of $130.
- Keybanc's $130 price target implies 14.27% upside from Cisco Systems, Inc.'s ($CSCO) current $113.77 share price.
- Cisco Systems has a market cap of $479 billion and a forward P/E ratio of 25.4, with shares trading near $119.73 on Thursday.
- Insiders have been active, with several planned and non-planned transactions occurring in June 2026.
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On June 25, 2026, Keybanc reiterated its buy rating on Cisco Systems, Inc. (NasdaqGS: CSCO), setting a price target of $130. The analyst Jackson Ader maintained the bullish outlook, highlighting confidence in Cisco's future performance.
Keybanc vs. the S&P 500
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Other Institutional Activity in Cisco Systems, Inc.
Recently, BlackRock, Inc. reduced its holdings in Cisco by 13.3 million shares, now holding about 365.1 million shares valued at approximately $28.3 billion. Vanguard Capital Management LLC opened a new position with 243.8 million shares worth around $18.9 billion. State Street Corp trimmed its stake by 1.9 million shares to 193.6 million shares, valued at $15 billion. Meanwhile, Geode Capital Management, LLC increased its holdings by 2.5% to 102.1 million shares, valued at $7.9 billion.
Cisco Systems, Inc. Stock Up 3.5%
As of Thursday, shares of Cisco Systems traded near $119.73. The company boasts a market cap of $479 billion with a forward P/E ratio of 25.4 and a beta of 1.004, suggesting moderate volatility. Over the past year, the stock has ranged from a low of $65.75 to a high of $130.37. Cisco's 50-day moving average is $105.04, while its 200-day moving average stands at $82.65.
$CSCO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Cisco Systems reported a revenue of $60.7 billion, reflecting a growth rate of 12%. The company's net margin was 19.7%, and it achieved a return on equity of 25.2%. Its earnings per share stood at $3.00. The next earnings report is anticipated on August 12, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
11 analysts raised price targets.
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EPS & revenue
EPS met estimates. Revenue beat estimates by 2.7%.
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Profit surprise
EBITDA missed by 24 percent. Operating income missed by 58 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 11 target raises.
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Earnings quality
Gross margin down 1.9 points. Operating margin up 2.4 points. Positive free cash flow.
Earnings Call Summary
Cisco delivered record 15.8 billion dollar revenue in the quarter, up 10 percent year over year, with networking revenue surging 21 percent driven by AI infrastructure demand and campus switching upgrades. The company shipped its millionth Silicon One chip, unveiled its new 102.4 terabit G300 processor, and expects strong AI orders exceeding 5 billion dollars for the year, though security revenue declined 4 percent due to Splunk transition to cloud subscriptions. Strong product order growth of 18 percent, especially from hyperscalers up 65 percent, shows broad momentum despite gross margin compression from memory cost inflation.
Guidance Cisco guided for full-year revenue of about 61.5 billion dollars and earnings per share of 4.15 dollars, putting the company on track for its strongest year. The company also raised its AI infrastructure order target to over 5 billion dollars for fiscal 2026, expecting to recognize more than 3 billion dollars in AI revenue.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Dividend
Cisco offers an annual dividend rate of $1.68, yielding 1.41%. The dividend payout ratio is 55%, indicating a well-covered dividend.
Insider Buying and Selling at Cisco Systems, Inc.
Recent insider activity includes planned sales by EVP of Operations, Subaiya Thimaya, who sold 7,127 shares on June 16, 2026, and EVP of Global Sales, Oliver Tuszik, who sold 2,607 shares on June 11, 2026. Meanwhile, Kevin Weil, Kristina Johnson, and Marianna Tessel each bought 251 shares on June 15, 2026.
Analysts Set New Price Targets
On June 25, 2026, Keybanc maintained its buy rating for Cisco Systems with a $130 price target. Earlier in June, Morgan Stanley also maintained a buy rating with the same target. B of A Securities set a higher target of $150 on June 8, 2026. The overall consensus among analysts is a buy rating, with an average price target of $127.05.
About Cisco Systems, Inc.
Cisco Systems, Inc., based in San Jose, California, is a leading technology company in the communication equipment industry. It designs and sells technologies that connect and secure the internet. With a workforce of 86,200 employees, Cisco provides a wide range of products and services, including network security, data center switching, and collaboration tools like Webex. The company serves various sectors, including businesses, governments, and service providers globally.
Bottom Line
Cisco Systems, Inc. remains a key player in the technology sector, with strong institutional backing and a positive analyst outlook. Keybanc's reaffirmation of its buy rating and $130 price target reflects confidence in Cisco's growth prospects. As always, it's important to remember that analyst ratings and 13F filings are backward-looking and may not reflect the current market conditions.
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