CiscoCSCO
About: Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software such as firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff-25,000 strong across 90 countries. Overall, Cisco employs 80,000 people and sells its products globally.
Employees: 90,400
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
21% more funds holding in top 10
Funds holding in top 10: 43 [Q2] → 52 (+9) [Q3]
18% more call options, than puts
Call options by funds: $2.91B | Put options by funds: $2.46B
7% more capital invested
Capital invested by funds: $146B [Q2] → $156B (+$10B) [Q3]
4% more first-time investments, than exits
New positions opened: 191 | Existing positions closed: 183
0% more funds holding
Funds holding: 2,994 [Q2] → 3,002 (+8) [Q3]
3.28% less ownership
Funds ownership: 75.56% [Q2] → 72.28% (-3.28%) [Q3]
25% less repeat investments, than reductions
Existing positions increased: 1,081 | Existing positions reduced: 1,449
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Morgan Stanley Meta Marshall 54% 1-year accuracy 14 / 26 met price target | 16%upside $68 | Overweight Maintained | 17 Dec 2024 |
Citigroup Atif Malik 55% 1-year accuracy 24 / 44 met price target | 9%upside $64 | Buy Maintained | 14 Nov 2024 |
B of A Securities Tal Liani 47% 1-year accuracy 9 / 19 met price target | 23%upside $72 | Buy Maintained | 14 Nov 2024 |
UBS David Vogt 45% 1-year accuracy 5 / 11 met price target | 6%upside $62 | Neutral Maintained | 14 Nov 2024 |
Wells Fargo Aaron Rakers 66% 1-year accuracy 21 / 32 met price target | 3%upside $60 | Equal-Weight Maintained | 14 Nov 2024 |
Financial journalist opinion
Based on 24 articles about CSCO published over the past 30 days
