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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InCisco Systems (CSCO) reached a new 52-week high of $94.72, bolstered by solid earnings results featuring an EPS of $1.04 on revenue of $15.35 billion. The company further rewarded shareholders by increasing its quarterly dividend to $0.42, even as recent insider selling totaled $3.57 million. Currently, 25 brokerages maintain a consensus 'Moderate Buy' rating on the stock with a mean price target of $90.29, though Evercore remains more bullish with an 'outperform' rating and a $110 target. Institutional backing remains robust, with these entities holding 73.33% of the company's shares. This growth trajectory continues to be fueled by strategic advancements in cybersecurity and the Silicon One ASIC business, balancing long-term AI infrastructure potential against immediate margin pressures.