TLDR
- CSCO hit an all-time high of $88.19, up ~62% over the past year
- Q4 EPS of $1.04 beat estimates; revenue of $15.35B rose 9.7% year-over-year
- Cisco is in talks to acquire Israeli firm Astrix Security for $250M–$350M
- Quarterly dividend raised to $0.42, annualized at $1.68 (~1.9% yield)
- Analyst consensus sits at “Moderate Buy” with an average price target of $89.81
Cisco Systems hit an all-time high of $88.19 on Monday, capping a 12-month run that has seen the stock climb nearly 62%. The networking giant now carries a market cap of around $341 billion.
The rally follows a strong Q4 earnings report in February. Cisco posted EPS of $1.04, beating the $1.02 consensus estimate, while revenue came in at $15.35 billion — up 9.7% year-over-year and ahead of the $15.11 billion analyst forecast.
The company also raised its quarterly dividend to $0.42 per share, paid April 22nd to stockholders of record as of April 2nd. That puts the annualized dividend at $1.68, yielding roughly 1.9%.
Astrix Security Acquisition Talks
Cisco is reportedly in discussions to acquire Astrix Security, an Israeli cybersecurity firm, in a deal reportedly valued between $250 million and $350 million. The move would fit into Cisco’s push into AI-driven security.
At RSA Conference 2026, Cisco unveiled new security products built for AI agent deployment, including agent discovery tools and identity management enhancements aimed at tightening access controls.
Analyst Targets and Ratings
Wall Street remains largely positive. JPMorgan raised its price target to $96 and kept an “overweight” rating. Rosenblatt has a $100 target with a “buy.” Truist initiated coverage with a “buy” and a $94 target, pointing to AI infrastructure investment driving growth in Cisco’s core networking segment.
Piper Sandler held its “Neutral” rating and an $86 target, flagging potential market share pressure in Cisco’s security business.
The average analyst price target sits at $89.81, with a “Moderate Buy” consensus across 25 analysts.
InvestingPro flags the stock as overvalued relative to its Fair Value at the current P/E of 31.66. The 50-day moving average is $79.86, and the 200-day sits at $76.78.
Cisco’s board saw a change recently. Daniel Schulman stepped down as a director after taking the CEO role at Verizon Communications.
On the institutional side, Miller Howard Investments trimmed its position by 1.3% in Q4 but still holds 1.23 million shares worth $95 million — about 2.9% of its portfolio and its fourth-largest holding.
Insiders have been sellers. Over the past three months, insiders offloaded 46,431 shares worth around $3.57 million. SVP Maria Victoria Wong sold 551 shares in March at $77.54, and EVP Deborah Stahlkopf sold 7,981 shares at $79.50.
CSCO opened Monday at $86.25 before touching the $88.19 all-time high. The stock’s 52-week low was $53.83.
Analysts forecast full-year EPS of $3.04 for the current year. The debt-to-equity ratio stands at 0.45, with return on equity at 27.88% and a net margin of 19.22%.
JPMorgan’s latest $96 price target, issued Thursday, remains one of the higher targets on the Street.
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