Cisco Systems Stock Price Climbs 1.1% Amid Analyst Boost

Cisco Systems (NASDAQ:CSCO) stock price increased by 1.1% on Monday, reaching $113.85 and settling at $112.90. The company's shares traded approximately 22.6 million times during mid-day trading, a decline of 5% from the average session volume of 23.8 million shares.

The stock had previously closed at $111.68. Analysts have been weighing in on Cisco Systems' performance, with Barclays boosting their target price to $123.00 and giving the company an 'equal weight' rating. Argus raised its price target to $150.00 and gave the stock a 'buy' rating.

Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS, with Q1 2027 guidance at 1.320-1.340 EPS. Analysts forecast that Cisco Systems will post 4.09 earnings per share for the current year.