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Cisco Systems NasdaqGS:CSCO Stock Report

Last Price


Market Cap







23 Sep, 2022


Company Financials +
CSCO fundamental analysis
Snowflake Score
Future Growth2/6
Past Performance4/6
Financial Health6/6

CSCO Stock Overview

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China.

Cisco Systems Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cisco Systems
Historical stock prices
Current Share PriceUS$40.66
52 Week HighUS$64.29
52 Week LowUS$40.12
1 Month Change-13.62%
3 Month Change-7.80%
1 Year Change-28.33%
3 Year Change-16.75%
5 Year Change20.90%
Change since IPO52,529.54%

Recent News & Updates

Sep 21

Cisco Systems: Great Margins, But Lacks Growth

Summary Lack of revenue and profitability growth poses a challenge for the company. A beta of nearly one does not protect a portfolio from market volatility. The 10-year Treasury Note yields as much as Cisco's dividend. A recession may further stress its profitability. Cisco Systems (CSCO) consistently generates excellent cash flows and has good profit margins. But, the lack of revenue growth is a challenge for the company. The company may be fully valued, given the lack of revenue growth coupled with the potential global recession. Cisco is currently trading at 10x EBITDA. The company offers a safe dividend with a yield of 3.5%, but the U.S. 10-year Treasury note provides a similar yield. Given the lack of growth and a dividend yield slightly less than the U.S. Treasury, it may be best to wait for a further pullback in the stock before buying it. The stock trades in line with the market's volatility; hence, if there is more selling pressure on the S&P 500 Index, Cisco Systems may sell off further. Cisco Lacks Revenue Growth But Offers Great Margins and Cash Flows The company is suffering from a lack of revenue growth. In Q4 2022, the company had 0% y/y revenue growth [Exhibit 1]. Cisco's End-to-End Security product portfolio showed impressive revenue growth of 20%, while the Optimized Application Experiences category showed 8% revenue growth. But, the company's Secure, Agile Networks product category continued its losing streak with a 1% revenue loss. This Networks product category accounted for 46% of Cisco's total revenue. Exhibit 1: Cisco Systems Q4 FY 2022 Investor Presentation Cisco Systems Q4 2022 Revenue by Product Category (Cisco Systems Q4 FY 2022 Investor Presentation (August 17, 2022)) The Remaining Performance Obligations [RPO] can drive revenue for Cisco. The company had $31 billion in RPO at the end of 2022. Nearly 30% or $17 billion of the company's annual revenue for 2023 is already in the bank. The lack of overall revenue growth is a persistent challenge for Cisco Systems. But, the company has consistent and impressive profit margins. Its gross margin for 2022 was an impressive 62.55%, and its net income margin is over 22% [Exhibit 2]. Exhibit 2: Cisco's Excellent and Consistent Profit Margins [2013 - 2022] Cisco's Excellent and Consistent Profit Margins [2013 - 2022] (Seeking Alpha,, Author Compilation) Dividends, Stock Buybacks, and Financial Performance Since the fiscal year 2013, Cisco Systems has spent $75.59 billion on stock buybacks. With these buybacks, the company reduced its diluted share count from 5.38 billion to 4.19 billion, a 22% reduction. The share buybacks must overcome the headwinds of dilution in outstanding shares caused by stock issued for executive compensation [Exhibit 3]. The company has spent $15.26 billion in share-based compensation since 2013. In essence, $15.2 billion of the share buybacks have gone towards countering the dilutive effects of the company's share-based compensation program. Exhibit 3: Cisco's Share Buybacks, Share-based Compensation Cisco's Share Buybacks, Share-based Compensation (SEC.GOV, Author Compilation) Even as the company conducts buybacks, this dilution in outstanding shares increases the effective price paid for each share. Cisco Systems paid an effective average cost of about $64 per share [$75.593 billion / 1.188 billion shares reduction in share count] since the fiscal year 2013. The shares currently trade at $43.30, about 32% below the effective price paid for each share. Management pitches share buybacks as "returning money to shareholders," but in most cases, it prevents further dilution of shares and helps prop up earnings per share. It also helps increase the return on equity for the company [See next section]. The company returns a massive amount of money in the form of dividends. In 2022, the dividend paid by the company totaled $6.22 billion, while share buybacks totaled $7.68 billion. The company reported an operating cash flow of $13.22 billion in 2022. In essence, Cisco Systems' dividend and share buybacks were greater than its operating cash flow. How Cisco Systems Increased its Return on Equity by 1000 Basis Points in a Decade? The company's shareholder's equity stood at $59.128 billion in 2013. By the end of the fiscal year 2022, shareholder's equity was reduced to $39.77 billion. Most of this reduction in shareholder's equity can be blamed on share buybacks. The company's net income has not grown fast enough to compensate for the adverse effects of buybacks on shareholder's equity. Since the shareholder's equity is much lower in 2022 compared to 2013, the company's return on equity increased from 16.8% in 2013 to 29.7% in 2022 - over a 1000 basis points increase in returns [Exhibit 4]. This increase in return on equity wouldn't be possible without the decrease in the shareholder's equity since this equity forms the denominator for the ROE calculation. Exhibit 4: Cisco's Net Income, Shareholder's Equity, and Return on Equity Cisco's Net Income, Shareholder's Equity, and Return on Equity (SEC.GOV, Author Compilation) The company's net income has increased from $9.98 billion in 2013 to $11.81 billion in 2022 - a CAGR of 1.89%, while shareholder's equity reduced by -4.3% annually. Even market darling and the world's most valuable company, Apple (AAPL), has done massive amounts of share buybacks, thus lowering its shareholder's equity. Apple has also seen its net income rise while Cisco's has barely budged. Cisco's return on invested capital [ROIC] is a very healthy 23% [Source: Seeking Alpha/YCharts]. Apple's return on equity is a massive 153%, while its return on invested capital is a more "mundane" 53% [Source: Seeking Alpha/YCharts]. Investors need to look at the quality of the company's financial returns rather than just the headline numbers. Cisco's Price Volatility and Monthly Return Comparison with the S&P 500 Index From June 2019 until August 2022, Cisco Systems had a subpar average monthly return of negative 0.07%, and 75% of the time [third quartile], the company's monthly return fell below 4.83% [Exhibit 5]. The company has returned a negative 23% in the past year compared to a negative 11.4% for the Vanguard S&P 500 Index ETF (VOO). Although Cisco has badly underperformed the market, its monthly returns have a solid positive correlation of 0.62 with the S&P 500 Index. Most of the time, Cisco's stock tends to move closely with the market and closely tracks the market's volatility, given that it has a Beta of 0.94. A linear regression of the monthly returns [June 2019 - August 2022] of Cisco and the Vanguard S&P 500 Index yielded a Beta of 0.91. Exhibit 5: Cisco Systems Monthly Returns - Average, Standard Deviation, First, and Third Quartile Monthly Returns [June 2019 - August 2022]

Sep 14
What Does Cisco Systems, Inc.'s (NASDAQ:CSCO) Share Price Indicate?

What Does Cisco Systems, Inc.'s (NASDAQ:CSCO) Share Price Indicate?

Let's talk about the popular Cisco Systems, Inc. ( NASDAQ:CSCO ). The company's shares saw significant share price...

Sep 02

Cisco: Substantial Capital Appreciation And Dividend Growth Upside Potential

Summary Cisco Systems is backed up by a fortress-like balance sheet given its large net cash position on hand at the end of fiscal 2022. Cisco is working on growing its recurring revenue streams which provide for stronger cash flow profiles, with an eye towards growing its software subscription sales. Cisco beat fiscal fourth quarter earnings estimates when reporting its latest earnings in August 2022 and provided favorable guidance for fiscal 2023 during that update. As derived through our enterprise cash flow analysis process, we assign Cisco a fair value estimate of $56 per share with room for upside. Cisco offers investors a nice combination of capital appreciation and dividend growth upside. By The Valuentum Team Cisco Systems, Inc (CSCO) offers investors a compelling combination of capital appreciation and dividend growth upside potential. Our fair value estimate for Cisco sits at $56 per share, as derived through our enterprise cash flow analysis process, with room for upside and we'll cover how we obtained that figure in this article. Additionally, given Cisco's fortress-like balance sheet and stellar cash flow profile, we see ample room for the company to boost its dividend over the coming fiscal years. Shares of CSCO yield a nice ~3.4% as of this writing. Cisco's Key Investment Considerations Image Source: Valuentum Cisco sells Internet Protocol based networking and other products and provides a broad line of products for transporting data, voice, and video. It is #1 or #2 across a wide variety of architectures, and we like the progress it is making in its transition to a software and subscription based business model. It was founded in 1984 and is headquartered in California. Historically, Cisco has been very acquisitive. Some of its recent deals include buying Opsani and replex to support Cisco's AppDynamic operations, and acquiring Involvio to support Cisco's ability to cater towards universities and colleges. The company is focused on growing its software and services businesses going forward, with an eye towards its collaboration, video conferencing, and cybersecurity offerings. These types of sales tend to be subscription-based, providing greater visibility as it concerns Cisco's future cash flow performance. The company has been steadily buying back its stock in recent fiscal years and has increased its annual dividend over the past 10+ consecutive years as it aims to balance out its capital allocation priorities while continuing to invest heavily in its business. In our view, Cisco's payout growth trajectory is quite bright. Cisco’s growth story hit some speedbumps due to the COVID-19 pandemic, though its outlook has more recently started to improve. The firm forecasts that its revenues and EPS should post 5%-7% CAGR through fiscal 2025, as laid out during its big 2021 Investor Day event. Earnings Update On August 17, Cisco reported fourth quarter earnings for fiscal 2022 (period ended July 30, 2022) that beat both consensus top- and bottom-line estimates. The company also issued out guidance for fiscal 2023 that called for nice revenue and earnings growth going forward during its latest earrings update as supply chain hurdles and other headwinds are beginning to fade. In the fiscal fourth quarter, Cisco's GAAP revenues were broadly flat year-over-year and its GAAP operating income fell by 4% due to its GAAP gross margin falling by ~230 basis points during this period to hit 61.3%. A decline in Cisco's operating expenses offset the decline in its gross margin, to a degree, as its GAAP operating margin fell by ~105 basis points year-over-year last fiscal quarter. Its revenues were supported by 20% growth in sales at its "end-to-end security" offerings, 8% growth at its "optimized application experiences" offerings, and 2% growth at its "collaboration" offerings on a year-over-year basis in the fiscal fourth quarter. However, inflationary pressures and elevated freight and logistics costs are taking a toll on the company’s financial performance. Cisco remained a stellar cash flow generator in fiscal 2022 and posted $12.7 billion in free cash flow (defined as net operating cash flow less capital expenditures) during this period while spending $6.2 billion covering its dividend obligations along with $7.7 billion buying back its stock. Furthermore, Cisco exited fiscal 2022 with $9.8 billion in net cash on the books (inclusive of short-term debt). As noted previously, the company is working on growing its recurring revenue streams, which provides for stronger cash flow profiles given the highly visible nature of those future cash flows. During the firm's fiscal fourth quarter earnings call, management noted that Cisco's “total subscription revenue was $22.4 billion, an increase of 2% and total subscription revenue represented 43% of total revenue” last fiscal year. As over 80% of Cisco's software revenue is derived by subscription sales, growing its software sales going forward is a key priority for the company though its software sales were broadly flat in fiscal 2022 over fiscal 2021 levels. Going forward, recent acquisitions should help Cisco resume its software sales growth trajectory in earnest. We are huge fans of the firm's rock-solid cash flow profile and pristine balance sheet. Average annual free cash flow generation of ~$14.1 billion from fiscal 2020-2022 is more than sufficient in covering annual run rate cash dividend obligations of ~$6.2 billion as of fiscal 2022. Looking ahead, Cisco expects to grow its revenues by 4%-6% in fiscal 2023 while posting $2.77-$2.88 in GAAP EPS (broadly flat on a year-over-year basis at the midpoint) and $3.49-$3.56 in non-GAAP EPS (up 5% year-over-year at the midpoint). We appreciate that Cisco's business is entering fiscal 2023 on a high note. Cisco's Economic Profit Analysis The best measure of a firm's ability to create value for shareholders is expressed by comparing its return on invested capital ["ROIC"] with its weighted average cost of capital ["WACC"]. The gap or difference between ROIC and WACC is called the firm's economic profit spread. Cisco's 3-year historical return on invested capital (without goodwill) is 73.7%, which is above the estimate of its cost of capital of 9.3%. In the chart down below, we show the probable path of ROIC in the years ahead based on the estimated volatility of key drivers behind the measure. The solid grey line reflects the most likely outcome, in our opinion, and represents the scenario that results in our fair value estimate. Image Source: Valuentum Cisco's Cash Flow Valuation Analysis Image Source: Valuentum Our discounted cash flow process values each firm on the basis of the present value of all future free cash flows, net of balance sheet considerations. We think Cisco is worth $56 per share with a fair value range of $45.00 - $67.00, with our fair value estimate (~$56 per share) being significantly higher than where shares of CSCO are trading at as of this writing. The near-term operating forecasts used in our enterprise cash flow models, including revenue and earnings, do not differ much from consensus estimates or management guidance. Our model reflects a compound annual revenue growth rate of 4.1% during the next five years, a pace that is higher than the firm's 3-year historical compound annual growth rate of -0.2%. Our model reflects a 5-year projected average operating margin of 33.7%, which is above Cisco's trailing 3-year average. Beyond Year 5, we assume free cash flow will grow at an annual rate of 2.4% for the next 15 years and 3% in perpetuity. For Cisco, we use a 9.3% weighted average cost of capital to discount future free cash flows. Image Source: Valuentum Image Source: Valuentum Cisco's Margin of Safety Analysis Image Source: Valuentum Although we estimate the firm's fair value at about $56 per share, every company has a range of probable fair values that's created by the uncertainty of key valuation drivers (like future revenue or earnings, for example). After all, if the future were known with certainty, we wouldn't see much volatility in the markets as stocks would trade precisely at their known fair values. In the graph up above, we show this probable range of fair values for Cisco. We think the firm is attractive below $45 per share (the green line), but quite expensive above $67 per share (the red line). The prices that fall along the yellow line, which includes our fair value estimate, represent a reasonable valuation for the firm, in our opinion. Dividend Analysis Dividend Cushion Ratio Evaluation (Image Source: Valuentum) The Dividend Cushion Ratio Deconstruction for Cisco, shown in the image above, reveals the numerator and denominator of the Dividend Cushion ratio. At the core, the larger the numerator, or the healthier a company's balance sheet and future free cash flow generation, relative to the denominator, or a company's cash dividend obligations, the more durable the dividend. In the context of the Dividend Cushion ratio, Cisco's numerator is larger than its denominator suggesting strong dividend coverage in the future.

Shareholder Returns

CSCOUS CommunicationsUS Market

Return vs Industry: CSCO underperformed the US Communications industry which returned -21.2% over the past year.

Return vs Market: CSCO underperformed the US Market which returned -21.6% over the past year.

Price Volatility

Is CSCO's price volatile compared to industry and market?
CSCO volatility
CSCO Average Weekly Movement3.5%
Communications Industry Average Movement7.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.8%

Stable Share Price: CSCO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CSCO's weekly volatility (3%) has been stable over the past year.

About the Company

198483,300Chuck Robbins

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points that are standalone, controller appliance-based, switch-converged, and Meraki cloud-managed offerings; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization. In addition, it provides Internet for the future product consists of routed optical networking, 5G, silicon, and optics solutions; collaboration products, such as meetings, collaboration devices, calling, contact center, and communication platform as a service; end-to-end security product consists of network security, cloud security, security endpoints, unified threat management, and zero trust; and optimized application experiences products including full stack observability and cloud-native platform.

Cisco Systems Fundamentals Summary

How do Cisco Systems's earnings and revenue compare to its market cap?
CSCO fundamental statistics
Market CapUS$167.07b
Earnings (TTM)US$11.81b
Revenue (TTM)US$51.56b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CSCO income statement (TTM)
Cost of RevenueUS$19.31b
Gross ProfitUS$32.25b
Other ExpensesUS$20.44b

Last Reported Earnings

Jul 30, 2022

Next Earnings Date

Nov 16, 2022

Earnings per share (EPS)2.87
Gross Margin62.55%
Net Profit Margin22.91%
Debt/Equity Ratio23.9%

How did CSCO perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio

Does CSCO pay a reliable dividends?

See CSCO dividend history and benchmarks
When do you need to buy CSCO by to receive an upcoming dividend?
Cisco Systems dividend dates
Ex Dividend DateOct 04 2022
Dividend Pay DateOct 26 2022
Days until Ex dividend9 days
Days until Dividend pay date31 days

Does CSCO pay a reliable dividends?

See CSCO dividend history and benchmarks
We’ve recently updated our valuation analysis.


Is CSCO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CSCO?

Other financial metrics that can be useful for relative valuation.

CSCO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.1x
Enterprise Value/EBITDA10x
PEG Ratio2.9x

Price to Earnings Ratio vs Peers

How does CSCO's PE Ratio compare to its peers?

CSCO PE Ratio vs Peers
The above table shows the PE ratio for CSCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32.9x
MSI Motorola Solutions
ANET Arista Networks
UI Ubiquiti
JNPR Juniper Networks
CSCO Cisco Systems

Price-To-Earnings vs Peers: CSCO is good value based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (32.9x).

Price to Earnings Ratio vs Industry

How does CSCO's PE Ratio compare vs other companies in the US Communications Industry?

Price-To-Earnings vs Industry: CSCO is good value based on its Price-To-Earnings Ratio (14.1x) compared to the US Communications industry average (23.3x)

Price to Earnings Ratio vs Fair Ratio

What is CSCO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CSCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.1x
Fair PE Ratio23.7x

Price-To-Earnings vs Fair Ratio: CSCO is good value based on its Price-To-Earnings Ratio (14.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.7x).

Share Price vs Fair Value

What is the Fair Price of CSCO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CSCO ($40.66) is trading below our estimate of fair value ($87.79)

Significantly Below Fair Value: CSCO is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Future Growth

How is Cisco Systems forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?

Future Growth Score


Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSCO's forecast earnings growth (5% per year) is above the savings rate (1.9%).

Earnings vs Market: CSCO's earnings (5% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: CSCO's earnings are forecast to grow, but not significantly.

Revenue vs Market: CSCO's revenue (3.9% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: CSCO's revenue (3.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CSCO's Return on Equity is forecast to be high in 3 years time (29%)

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Past Performance

How has Cisco Systems performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CSCO has high quality earnings.

Growing Profit Margin: CSCO's current net profit margins (22.9%) are higher than last year (21.3%).

Past Earnings Growth Analysis

Earnings Trend: CSCO's earnings have grown by 18.3% per year over the past 5 years.

Accelerating Growth: CSCO's earnings growth over the past year (11.6%) is below its 5-year average (18.3% per year).

Earnings vs Industry: CSCO earnings growth over the past year (11.6%) underperformed the Communications industry 11.6%.

Return on Equity

High ROE: CSCO's Return on Equity (29.7%) is considered high.

Discover strong past performing companies

Financial Health

How is Cisco Systems's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CSCO's short term assets ($36.7B) exceed its short term liabilities ($25.6B).

Long Term Liabilities: CSCO's short term assets ($36.7B) exceed its long term liabilities ($28.6B).

Debt to Equity History and Analysis

Debt Level: CSCO has more cash than its total debt.

Reducing Debt: CSCO's debt to equity ratio has reduced from 51.1% to 23.9% over the past 5 years.

Debt Coverage: CSCO's debt is well covered by operating cash flow (139%).

Interest Coverage: CSCO earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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What is Cisco Systems's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Upcoming Dividend Payment

TodaySep 24 2022Ex Dividend DateOct 04 2022Dividend Pay DateOct 26 202222 days from Ex DividendBuy in the next 9 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CSCO's dividend (3.74%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: CSCO's dividend (3.74%) is low compared to the top 25% of dividend payers in the US market (4.45%).

Stability and Growth of Payments

Stable Dividend: CSCO's dividends per share have been stable in the past 10 years.

Growing Dividend: CSCO's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (53%), CSCO's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (49%), CSCO's dividend payments are well covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Chuck Robbins (56 yo)





Mr. Charles H. Robbins, also known as Chuck, has been Chief Executive Officer of Cisco Systems, Inc., since July 26, 2015 and has been its Chairman of the Board on December 11, 2017. He has been Director o...

CEO Compensation Analysis

Compensation vs Market: Chuck's total compensation ($USD25.45M) is above average for companies of similar size in the US market ($USD13.05M).

Compensation vs Earnings: Chuck's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: CSCO's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Experienced Board: CSCO's board of directors are considered experienced (6.4 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 42.94% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
The Vanguard Group, Inc.
BlackRock, Inc.
State Street Global Advisors, Inc.
Geode Capital Management, LLC
Charles Schwab Investment Management, Inc.
Wellington Management Group LLP
UBS Asset Management
BNY Mellon Asset Management
Northern Trust Global Investments
Columbia Management Investment Advisers, LLC
Dodge & Cox
Norges Bank Investment Management
Wells Fargo & Company, Securities and Brokerage Investments
Legal & General Investment Management Limited
Morgan Stanley, Investment Banking and Brokerage Investments
First Trust Advisors LP
Managed Account Advisors LLC
Eaton Vance Management
Goldman Sachs Asset Management, L.P.
Bank of America Corporation, Asset Management Arm
Teachers Insurance and Annuity Association-College Retirement Equities Fund
California Public Employees' Retirement System
Boston Partners Global Investors, Inc.
Nordea Investment Management AB

Company Information

Cisco Systems, Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: Cisco Systems, Inc.
  • Ticker: CSCO
  • Exchange: NasdaqGS
  • Founded: 1984
  • Industry: Communications Equipment
  • Sector: Tech
  • Implied Market Cap: US$167.066b
  • Shares outstanding: 4.11b
  • Website:

Number of Employees


  • Cisco Systems, Inc.
  • 170 West Tasman Drive
  • San Jose
  • California
  • 95134-1706
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSCONasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDFeb 1990
CSCO *BMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNFeb 1990
CISDB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 1990
4333SEHK (The Stock Exchange of Hong Kong Ltd.)YesCommon SharesHKHKDFeb 1990
CSCOSWX (SIX Swiss Exchange)YesCommon SharesCHCHFFeb 1990
CISXTRA (XETRA Trading Platform)YesCommon SharesDEEURFeb 1990
CSCOSNSE (Santiago Stock Exchange)YesCommon SharesCLUSDFeb 1990
CSCOBVL (Bolsa de Valores de Lima)YesCommon SharesPEUSDFeb 1990
CIS-UETLX (Eurotlx)YesCommon SharesITEURFeb 1990
CSCOWBAG (Wiener Boerse AG)YesCommon SharesATEURFeb 1990
CISENXTBR (Euronext Brussels)YesCommon SharesBEUSDFeb 1990
CISBUL (Bulgaria Stock Exchange)YesCommon SharesBGEURFeb 1990
CSCOCLSNSE (Santiago Stock Exchange)YesCommon SharesCLCLPFeb 1990
CSCOBASE (Buenos Aires Stock Exchange)CEDEARS EACH 5 REPR 1 COM NPVARARSJan 2000
CSCODBASE (Buenos Aires Stock Exchange)CEDEARS EACH 5 REPR 1 COM NPVARUSDJan 2000
CSCO34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 5 REP 1 COMBRBRLSep 2013

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Annual Earnings2022/07/30

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.