CISCO SYSTEMS, INC.
In the published model solve dated 2026-Q2, anchored at $109.95, CISCO SYSTEMS, INC. (CSCO) is priced for today's economics sustained for ~5.1 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Contracted revenue not yet recognized reached 43.5 billion dollars at the end of fiscal 2025, up 6% on the year, and the company expects ⟦approximately 50% of total remaining performance obligations to be recognized as revenue over the next 12 months⟧, which is the closest thing this business has to a subscription base. • The exposure is the price rather than the balance sheet: today's level underwrites roughly five years of operating profit growth at the fastest pace the company could fund fr
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3,626 institutional managers reported holding CSCO in 13F filings for the quarter ended 2026-03-31. Together they hold about 75% of the company; the top 10 hold 37%. 151 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 61.8M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CSCO has cut its share count 6.3% over the past five years, spending $29.16B on repurchases. It pays a dividend, and has for 15 years running, raised 8 years straight; the current rate is $1.62 a share annually. Cash returned over the past three years: $19.30B in dividends and $17.66B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at CSCO over the trailing three years. Absence is a fact about the company, not a signal. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CSCO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-09-08 | +2.6% | -7.2% |
| 2023-11-22 | -9.7% | +6.7% |
| 2024-02-21 | -1.2% | -0.3% |
| 2024-05-22 | -1.3% | -1.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CSCO's latest 8-K filings: 2026-08-12 (items 2.02, 9.01); 2026-05-13 (items 2.02, 2.05, 9.01); 2026-05-01 (items 5.02); 2026-04-06 (items 5.02); 2026-02-11 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.