FNY Invests $998K in Cisco Systems Amid Revenue Growth
FNY Investment Advisers LLC has invested $998,000 in Cisco Systems, Inc. (NASDAQ:CSCO) by purchasing 8,500 shares of its stock.
This is not an isolated investment; several other institutional investors have also made significant changes to their positions in CSCO. For example, Vanguard Group Inc. increased its holdings in the network equipment provider by 1% during the fourth quarter and now owns approximately $30.73 billion worth of CSCO stock.
Cisco Systems has reported a revenue increase of 12% year-over-year for the latest quarter, with earnings per share (EPS) coming in at $1.06, exceeding analysts' expectations by $0.03. The company's guidance for Q4 2026 is EPS of $1.16 to $1.18, and FY 2026 is expected to be between $4.27 and $4.29 EPS.