Core Insights - Cisco Systems is focusing on cloud computing, AI infrastructure, and security, with AI currently contributing about 2% to its revenues, while the legacy business remains strong [1][5] - Recent analyst upgrades, including a significant upgrade from Citigroup, have led to a 12% increase in Cisco's stock price over the past month, indicating renewed investor interest [1][3] - Cisco's total addressable market in AI infrastructure is projected to exceed $421 billion by 2033, highlighting significant growth potential [1] Analyst Ratings and Market Performance - Citigroup analyst Atif Malik upgraded Cisco from Neutral to Buy, raising the price target to $62 per share, which resulted in a 5% increase in stock price on the day of the upgrade [3][4] - Cisco's overall MarketRank is in the 99th percentile, although it currently holds a "Hold" rating among analysts [2][10] Business Model and Financial Health - Cisco is transitioning to a subscription model for its networking solutions, which is expected to generate recurring revenue and maintain customer loyalty [5] - The company has a forward P/E ratio of 19.5, indicating it is undervalued compared to competitors, with a gross margin of 64.4% in the latest quarter [5][7] - Cisco's cash flow remains robust at $3.7 billion, providing the company with the capacity to invest in AI applications [5] Dividend and Investment Appeal - Cisco offers a dividend yield of 2.82% with an annual dividend of $1.60, supported by a sustainable payout ratio of 53.87% [6][7] - The company has a strong track record of dividend increases over the past 13 years, making it an attractive option for dividend-focused investors [7][8] Long-Term Outlook - Cisco shares have increased by 5.6% over the past year and are currently trading at a one-year high, demonstrating resilience amid supply chain challenges [9] - The company's strategic positioning in the AI and ethernet connectivity sectors positions it well for future growth as demand for these technologies expands [9]

Cisco Systems (CSCO) shares hit a 52-week high of $56.58 on Thursday and finally closed at $56.40, up 11.6% year to date, outperforming the Zacks Computer-Networking industry's return of 10.9%. In the past month, CSCO shares have appreciated 9.6%, outperforming the industry's return of 9.3%. The broader Zacks Computer & Technology sector inched up 1.8% over the same timeframe. The outperformance can be attributed to CSCO's improving near-term prospects, with strong AI-related order growth. Its rich partner ...

TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- BlueCat Networks, a leading provider of core services for network infrastructure management, automation, and security, announced the latest release of Micetro, its industry-recognized DNS, DHCP, and IP address management orchestration solution. This release offers organizations with Cisco Meraki deployments a powerful new way to manage and monitor DHCP within their SD-WAN environments. DNS, DHCP, and IP address management (collectively known as DDI) are the corners ...

Artificial intelligence will be a key factor driving the company's fundamentals higher, one researcher believes.An analyst recommendation upgrade was the news propelling the stock of Cisco Systems (CSCO 4.25%) skyward on Wednesday. Investors took the bullish new rating to heart, pushing into shares of the veteran computer networking company and sending them more than 4% higher in price. That performance was much better than the 0.5% rise of the S&P 500 index that day.Citi becomes bullishWell before market o ...

Group 1 - Cisco Systems Inc has a consensus price target of $56.88 based on the ratings of 28 analysts [1] - The highest price target is $78 issued by Tigress Financial on October 14, 2024, while the lowest is $44 from Citigroup on August 18, 2022 [1] - The three most recent analyst ratings were released by Citigroup, Tigress Financial, and Evercore ISI Group on October 16, 2024, October 14, 2024, and September 20, 2024, respectively [1] Group 2 - The average price target from Citigroup, Tigress Financial, and Evercore ISI Group is $66.67, indicating an implied upside of 18.89% for Cisco Systems Inc [1]

It looks like there is an increasing optimism about “no landing” optimism every week in the stock market because it keeps hitting all time highs despite the fact that the current valuation has already reached a far stretched levelAdvanced education in economics, business management and engineering. Professional experience with product management and development in high tech industry, including advisory with multiple fintech startups. Have been investing in growth companies since 1998. Recent interest of inv ...

In the latest trading session, Cisco Systems (CSCO) closed at $54.27, marking a +0.04% move from the previous day. This change lagged the S&P 500's 0.77% gain on the day. At the same time, the Dow added 0.47%, and the tech-heavy Nasdaq gained 0.87%.The the stock of seller of routers, switches, software and services has risen by 8.94% in the past month, leading the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 4.87%.The investment community will be closely monitoring the performanc ...

I included Cisco (NASDAQ: CSCO ) in a recent article that cited it as one of 11 Dow Industrials stocks I consider to be the "zero return club" in that they have produced near zero return for at least aThe stock market tells us a story…we just have to listen! That’s the mission of Sungarden Investment Publishing (SIP). Founder Rob Isbitts applies his more than 30 years of hands-on investing experience to dissect the market, bust common myths, and simplify the investment process for his audience. Our firm is ...

Company Performance - Cisco Systems (CSCO) closed at $52.73, with a +0.42% change from the previous day, underperforming the S&P 500's gain of 0.97% [1] - The stock has increased by 7.82% over the past month, lagging behind the Computer and Technology sector's gain of 8.21% and the S&P 500's gain of 5.41% [1] - Upcoming EPS is projected at $0.87, indicating a 21.62% decline compared to the same quarter last year, with revenue expected at $13.76 billion, down 6.22% from the prior-year quarter [1] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $3.56 per share, representing a -4.56% change from the prior year, while revenue is expected to be $55.61 billion, reflecting a +3.36% change [2] - Recent changes to analyst estimates are crucial as they indicate the evolving short-term business trends, with positive revisions suggesting a favorable outlook on the company's health and profitability [2] Valuation Metrics - Cisco Systems has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - The Forward P/E ratio stands at 14.76, which is a premium compared to the industry's average Forward P/E of 14.21 [3] - The PEG ratio for CSCO is 3.37, significantly higher than the average PEG ratio of 1.2 for Computer-Networking stocks [3] Industry Overview - The Computer-Networking industry ranks in the top 41% of all industries, with a current Zacks Industry Rank of 103 [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

For Immediate ReleasesChicago, IL – October 8, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Meta Platforms, Inc. (META) , Cisco Systems, Inc. (CSCO) and Philip Morris International Inc. (PM) , Earth Science Tech, Inc. (ETST) and Frequency Electronics, Inc. (FEIM) .Here are highlights from Tuesday’s Analyst Blo ...