Fintel reports that on September 30, 2026, Bernstein initiated coverage of Cisco Systems (NASDAQGS:CSCO) (BIT:1CSCO) with a Market Perform recommendation.
Cisco Systems, Inc., based in the United States, operates primarily in the technology sector, specifically focusing on networking hardware, software, telecommunications equipment, and other high-technology services and products. A leader in the development of internet protocols, Cisco's extensive product line includes networking devices, data center products, and collaboration platforms like WebEx. The company plays a pivotal role in digital transformations by offering cloud, security, and IoT solutions. Prior to this rating action, the stock recorded a pre-action close of $106.94 on September 29, 2026. This is also the latest close of $106.94 as of September 29, 2026. Over a one-week period, the stock experienced a price change of +0.47% from a baseline close of $106.44 on September 22, 2026. Over a one-month period, the stock's price change was -2.72% from a baseline close of $109.93 on August 28, 2026.
In its latest earnings report on August 12, 2026, Cisco Systems reported an actual EPS of 1.22, compared to the analyst estimate of 1.1937, representing an EPS surprise of +2.20%. The company's actual revenue for the quarter was $17,252,000,000.00, which exceeded the estimated revenue of $17,159,212,935.00.
As of September 15, 2026, the current consensus target mean for Cisco Systems was $137.34, with a median target of $137.70. This mean target represents an implied change of +28.43% from previous levels. The prior consensus target mean was $137.33 as of August 28, 2026, reflecting a consensus target revision of +0.01%. For the recommendation period of September 1, 2026, the aggregate analyst recommendations consisted of 7 strong buy, 17 buy, 11 hold, 0 sell, and 0 strong sell ratings, totaling 35 recommendations. This represents 68.6% positive recommendations, 31.4% hold recommendations, and 0.0% negative recommendations. In comparison, the prior recommendation period of August 1, 2026, had 6 strong buy, 17 buy, 10 hold, 0 sell, and 0 strong sell ratings, totaling 33 recommendations, which comprised 69.7% positive, 30.3% hold, and 0.0% negative recommendations.
Other recent analyst actions include Piper Sandler, which maintained its rating on September 22, 2026, with a from rating of Neutral and a to rating of Neutral. Additionally, on September 1, 2026, Deutsche Bank initiated coverage of Cisco Systems with a from rating of Hold and a to rating of Buy.
Recent analyst actions
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