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Cisco Systems

Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software such as firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff-25,000 strong across 90 countries. Overall, Cisco employs 80,000 people and sells its products globally.

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Cisco Systems Inc

12 analysts have shared their evaluations of Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">4</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Cisco Systems and provided 12-month price targets. The average target is $63.92, accompanied by a high estimate of $78.00 and a low estimate of $56.00. Surpassing the previous average price target of $57.75, the current average has increased by 10.68%.
<img src="https://www.benzinga.com/files/images/story/2024/1734458417_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of Cisco Systems by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$68.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$64.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Tal Liani</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$72.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>David Vogt</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Aaron Rakers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$60.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>James Fish</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$57.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Tim Long</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$56.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$62.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$66.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$62.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Ivan Feinseth</td>
<td>Tigress Financial</td>
<td>Raises</td>
<td>Buy</td>
<td>$78.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Amit Daryanani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cisco Systems. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Cisco Systems compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Cisco Systems's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Cisco Systems's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CSCO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cisco Systems analyst ratings.</a>
<h2>Get to Know Cisco Systems Better</h2>
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software such as firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff-25,000 strong across 90 countries. Overall, Cisco employs 80,000 people and sells its products globally.
<h3>Cisco Systems's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Challenges: Cisco Systems's revenue growth over 3 months faced difficulties. As of 31 October, 2024, the company experienced a decline of approximately -5.64%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Cisco Systems's net margin excels beyond industry benchmarks, reaching 19.59%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Cisco Systems's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.98%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.19%, the company showcases effective utilization of assets.
Debt Management: Cisco Systems's debt-to-equity ratio is below the industry average. With a ratio of 0.71, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

A Glimpse Into The Expert Outlook On Cisco Systems Through 12 Analysts

Morgan Stanley analyst Meta Marshall maintains Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) with a Overweight and raises the price target from $62 to $68.

Price Target

Morgan Stanley Maintains Overweight on Cisco Systems, Raises Price Target to $68

As the tech sector pivots from <a href="https://www.benzinga.com/topic/artificial-intelligence">AI-fueled growth</a> to a broader market recovery, JPMorgan analyst Samik Chatterjee highlights a cyclical rebound powering upside for traditional IT infrastructure and industrial tech.
Top picks like Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) and Coherent Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) are set to ride the next cyclical upswing from recovering demand in servers, telecom, and industrial markets. 
At the same time, the analyst says Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) and Amphenol Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) stand to gain from networking and multi-sector recoveries.
<h2 class="wp-block-heading">Why These Three?</h2>
Chatterjee's strategy banks on recovery beyond AI-driven hype. 
<ul>
<li>The resurgence of traditional IT infrastructure demand should position Dell for long-term growth. Infrastructure investments and enterprise upgrades are expected to spearhead Dell's upside.</li>
</ul>
<ul>
<li>Corning brings its diversified industrial tech portfolio to the table. With AI-driven telecom growth and a revival in optical and display markets, Corning is poised to shine as end-market recoveries take center stage.</li>
</ul>
<ul>
<li>Coherent, a player in the optical sector, rounds out the trio with its diversified revenue streams. Chatterjee points to margin-expansion opportunities and AI-related synergies as key drivers for this pick, particularly as the company works through inventory digestion challenges.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/news/24/11/42231610/microsoft-hp-dell-ramp-up-parts-production-in-china-ahead-of-trumps-return-to-white-house">Microsoft, HP, Dell Race To Ramp Up Production In China As Trump&#8217;s Tariff Threat Looms Ahead Of His White House Return</a>
<h2 class="wp-block-heading">A Broader Tailwind Beyond AI &#8211; Arista, Cisco, Amphenol</h2>
The report underscores a robust cyclical resurgence in critical hardware and networking sectors. After experiencing downturns in late 2023 and early 2024, traditional IT infrastructure markets—encompassing servers, storage, and enterprise networking—are showing signs of substantial recovery. The analyst says companies like Arista Networks, Cisco, and Amphenol are strategically positioned to capitalize on these emerging networking opportunities and multi-market rebounds.
The PC market, for example, is expected to shift gears in 2025, with enterprise/commercial refreshes driving mid-single-digit growth. Similarly, the smartphone market, already seeing modest growth in 2024, is forecasted to accelerate next year, boosted by subsidies in China.
On the networking front, datacenter switches and wireless LANs are primed for the most substantial rebounds in 2025, reflecting enterprises' push toward datacenter investments. 
This sets the stage for Arista and Cisco, both benefiting from secular shifts in cloud and AI-driven networking.
<h2 class="wp-block-heading">Dell, Corning, Coherent Lead The Charge</h2>
JPMorgan's call for a cyclical rebound beyond AI hype highlights a return to fundamentals, with Dell, Corning, and Coherent leading the charge. 
With broader end markets poised for recovery, these names stand out as key beneficiaries in the next phase of tech and industrial growth.
Investors looking for opportunities in a post-AI frenzy market may find this pivot toward a cyclical recovery both timely and lucrative.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42504194/us-stocks-to-open-higher-ahead-of-feds-decision-this-week-analyst-says-santa-comes-later-in-december">US Stocks To Open Higher Ahead Of Fed&#8217;s Decision This Week: Analyst Says &#8216;Santa Comes Later In December&#8217;</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Tech

ANET

COHR

DELL

Dell, Corning, Coherent: JPMorgan's Top Picks For Cyclical Recovery 'Beyond AI'

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/12/12/final-trades-cisco-kkr-co-dominion-energy-and-uber.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown of Ritholtz Wealth Management picked Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) as <a href="https://www.benzinga.com/24/11/42045056/cisco-brings-ai-and-automation-to-mgm-resorts-with-55-year-portfolio-pact">his final trade.</a>
On Dec. 6, Uber and Chinese Robotaxi company WeRide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) announced the launch of their ride-hailing partnership in Abu Dhabi. The launch represents the first time autonomous vehicles (AVs) are available on the Uber platform outside the U.S. and the largest commercial robotaxi service outside <a href="https://www.benzinga.com/24/12/42363171/uber-and-weride-come-together-to-launch-robotaxi-service-in-abu-dhabi">the U.S. and China</a>.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jim Lebenthal of Cerity Partners named Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) 
On Nov. 18, Cisco Systems, inked a 5.5-year Whole Portfolio Agreement (WPA) with MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), granting MGM access to Cisco's software portfolio. The portfolio includes cybersecurity, software-defined networking, WAN, digital experience assurance, and data center services.
Jason Snipe of Odyssey Capital Advisors said he likes KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>).
On Thursday, Wells Fargo analyst Michael Brown maintained KKR with an Equal-Weight and raised the price target from $152 to $163, while Oppenheimer analyst Chris Kotowski maintained the stock with an Outperform and increased the price target from $153 to $175.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC said Dominion Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) took off like a rocket earlier in the year but now faded, so you can get back in with a 5% yield.
Scotiabank analyst Andrew Weisel maintained Dominion Energy with a Sector Perform and raised the price target from $58 to $61.
Price Action:
<ul>
<li>Cisco shares gained by 0.4% to close at $58.85 on Thursday.</li>
<li>KKR shares fell by 1% to settle at $155.75 during Thursday's session.</li>
<li>Dominion shares fell 0.8% to close at $53.83 during Thursday's session.</li>
<li>Uber shares gained 0.4% to close at $61.41 on Thursday.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/news/earnings/24/12/42478606/dow-dips-more-than-200-points-following-inflation-data-nvidia-and-amd-decline-fear-greed-index-remains-in-neutral-zone"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/12/42478606/dow-dips-more-than-200-points-following-inflation-data-nvidia-and-amd-decline-fear-greed-index-remains-in-neutral-zone">Dow Dips More Than 200 Points Following Inflation Data, Nvidia And AMD Decline: Fear &amp; Greed Index Remains In &#8216;Neutral&#8217; Zone</a></li>
</ul>
Image: Shutterstock

UBER

Uber, Cisco, KKR And More On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Cisco Systems, KKR & Co., Dominion Energy, Uber Technologies

Financial giants have made a conspicuous bearish move on Cisco Systems. Our analysis of options history for Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) revealed 12 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $58,039, and 10 were calls, valued at $771,834.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $62.5 for Cisco Systems, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Cisco Systems's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Cisco Systems's substantial trades, within a strike price spectrum from $55.0 to $62.5 over the preceding 30 days.
<h3>Cisco Systems Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733345849_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.66</td>
<td>$0.65</td>
<td>$0.65</td>
<td>$60.00</td>
<td>$156.9K</td>
<td>23.5K</td>
<td>2.5K</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$4.4</td>
<td>$4.3</td>
<td>$4.3</td>
<td>$57.50</td>
<td>$126.8K</td>
<td>1.9K</td>
<td>300</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$8.95</td>
<td>$8.75</td>
<td>$8.75</td>
<td>$55.00</td>
<td>$118.1K</td>
<td>2.8K</td>
<td>135</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.1</td>
<td>$5.0</td>
<td>$5.08</td>
<td>$55.00</td>
<td>$98.5K</td>
<td>28.0K</td>
<td>233</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.7</td>
<td>$0.66</td>
<td>$0.66</td>
<td>$60.00</td>
<td>$65.2K</td>
<td>23.5K</td>
<td>3.5K</td>
</tr>
</tbody>
</table>

<h3>About Cisco Systems</h3>
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software such as firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff-25,000 strong across 90 countries. Overall, Cisco employs 80,000 people and sells its products globally.
Having examined the options trading patterns of Cisco Systems, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Cisco Systems Standing Right Now?</h3>
<ul>
<li>With a volume of 7,671,196, the price of CSCO is up 0.26% at $59.63. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 70 days.</li>
</ul>
<h3>What Analysts Are Saying About Cisco Systems</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $62.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Cisco Systems with a target price of $64. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Cisco Systems, targeting a price of $60. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Cisco Systems, targeting a price of $62. 
&#x2A; In a positive move, an analyst from JP Morgan has upgraded their rating to Overweight and adjusted the price target to $66. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Cisco Systems with a target price of $62. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cisco Systems with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Unpacking the Latest Options Trading Trends in Cisco Systems

Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) is having a banner year, with its stock surging over 235% in the past year and showing <a href="https://www.benzinga.com/quote/PLTR/news">no signs of slowing</a>. 
Market strategist Keith Fitz-Gerald believes this is just the beginning, boldly claiming that Palantir could rival Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) and SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) — and hit $100 per share sooner than you think.
<h2 class="wp-block-heading">Palantir Could Hit $100 By Mid-2025, Says Expert</h2>
Fitz-Gerald, <a href="https://x.com/fitz_keith/status/1861188617739145336">speaking</a> on Fox Business, shared an upgraded outlook for the data analytics powerhouse. Initially forecasting a $100 price target within 3-5 years, he now expects Palantir to hit that milestone by mid-next year. "This thing is a monster," he said. "Nobody else has got a product like it. It's meshing data software that makes software work. Every legacy provider right now is in trouble."
The analyst's comparisons to industry titans like Oracle and Cisco come as Palantir continues to disrupt with its innovative data solutions. 
Fitz-Gerald emphasized the company's unmatched product offering, suggesting it could outpace traditional providers struggling to adapt to modern data demands.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/11/42233095/palantirs-ytd-returns-surge-298-heres-how-etfs-with-exposure-to-alex-karps-company-have-performed">Palantir&#8217;s YTD Returns Surge 298%: Here&#8217;s How ETFs With Exposure To Alex Karp&#8217;s Company Have Performed</a>
<h2 class="wp-block-heading">Technical Momentum Fuels Optimism</h2>
The bullish sentiment isn't just talk. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28095103/Screenshot-2024-11-28-at-8.20.49-PM.png" alt="" class="wp-image-669174" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28095103/Screenshot-2024-11-28-at-8.20.49-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28095103/Screenshot-2024-11-28-at-8.20.49-PM-300x234.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112824&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
PLTR stock, at $66.05, is flying high above all its major moving averages:
<ul>
<li>Eight-day SMA: $63.56</li>
<li>20-day SMA: $58.00</li>
<li>50-day SMA: $47.68</li>
<li>200-day SMA: $31.14</li>
</ul>
These technical signals underscore a strong uptrend, with PLTR&#8217;s Moving Average Convergence Divergence (MACD) at 5.51, another indicator of a buying opportunity. 
However, investors should note the RSI of 73.03, suggesting the PLTR stock is in overbought territory.
<h2 class="wp-block-heading">Palantir: A Long-Term Play</h2>
For long-term believers, Palantir's trajectory could mirror the meteoric rise of companies like Oracle and Cisco during their heydays. With its unique ability to integrate complex data solutions across industries, Palantir is positioned to dominate a market where legacy systems are struggling to keep pace.
If Fitz-Gerald's prediction holds, Palantir could hit triple digits by next year, but investors might want to buckle up for a wild ride as the stock navigates both technical and market dynamics.
Whether Palantir becomes the next Oracle or carves its own path, one thing is clear: this data giant isn't slowing down anytime soon.
Image: Shutterstock

ORCL

PLTR

Palantir: The Next Oracle? Expert Predicts A Monster Run To $100

High-rolling investors have positioned themselves bullish on Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CSCO often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Cisco Systems. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $37,200, and 7 calls, totaling $886,972.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $65.0 for Cisco Systems over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Cisco Systems stands at 12398.25, with a total volume reaching 6,111.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Cisco Systems, situated within the strike price corridor from $55.0 to $65.0, throughout the last 30 days.
<h3>Cisco Systems 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732566620_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$8.0</td>
<td>$7.65</td>
<td>$8.0</td>
<td>$55.00</td>
<td>$320.0K</td>
<td>3.2K</td>
<td>400</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$5.35</td>
<td>$5.3</td>
<td>$5.35</td>
<td>$55.00</td>
<td>$192.5K</td>
<td>17.4K</td>
<td>370</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.38</td>
<td>$0.34</td>
<td>$0.34</td>
<td>$62.50</td>
<td>$143.6K</td>
<td>21.7K</td>
<td>4.1K</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.19</td>
<td>$2.13</td>
<td>$2.19</td>
<td>$57.50</td>
<td>$109.5K</td>
<td>25.5K</td>
<td>785</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$3.25</td>
<td>$3.2</td>
<td>$3.2</td>
<td>$57.50</td>
<td>$49.9K</td>
<td>2.1K</td>
<td>11</td>
</tr>
</tbody>
</table>

<h3>About Cisco Systems</h3>
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software such as firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff-25,000 strong across 90 countries. Overall, Cisco employs 80,000 people and sells its products globally.
<h3>Cisco Systems's Current Market Status</h3>
<ul>
<li>With a trading volume of 8,726,928, the price of CSCO is up by 0.03%, reaching $58.57.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 79 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Cisco Systems</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $63.8.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Showing optimism, an analyst from JP Morgan upgrades its rating to Overweight with a revised price target of $66. 
&#x2A; An analyst from Piper Sandler persists with their Neutral rating on Cisco Systems, maintaining a target price of $57. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Cisco Systems, targeting a price of $72. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Cisco Systems with a target price of $60. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Cisco Systems, maintaining a target price of $64. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Cisco Systems, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Looking At Cisco Systems's Recent Unusual Options Activity

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$143.00</td>
<td>$32.0K</td>
<td>22.8K</td>
<td>82.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$230.00</td>
<td>$26.0K</td>
<td>26.6K</td>
<td>68.6K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$65.00</td>
<td>$41.5K</td>
<td>14.6K</td>
<td>23.9K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$25.00</td>
<td>$65.8K</td>
<td>7.1K</td>
<td>14.1K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$250.00</td>
<td>$56.1K</td>
<td>2.0K</td>
<td>5.5K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$20.00</td>
<td>$198.6K</td>
<td>10.7K</td>
<td>2.6K</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$160.00</td>
<td>$34.7K</td>
<td>2.4K</td>
<td>2.1K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$175.00</td>
<td>$28.9K</td>
<td>409</td>
<td>2.0K</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$65.00</td>
<td>$69.1K</td>
<td>1.6K</td>
<td>1.1K</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$175.00</td>
<td>$27.8K</td>
<td>216</td>
<td>1.1K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option trade that happens to be bullish, is expiring today. Parties traded 199 contract(s) at a $143.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $161.0 per contract. There were 22845 open contracts at this strike prior to today, and today 82337 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 1000 contract(s) at a $230.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $26.0 per contract. There were 26615 open contracts at this strike prior to today, and today 68672 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on November 29, 2024. This event was a transfer of 250 contract(s) at a $65.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $41.5K, with a price of $165.0 per contract. There were 14656 open contracts at this strike prior to today, and today 23910 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on November 29, 2024. This event was a transfer of 305 contract(s) at a $25.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $65.8K, with a price of $216.0 per contract. There were 7138 open contracts at this strike prior to today, and today 14100 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option trade with bearish sentiment. It expires in 119 day(s) on March 21, 2025. Parties traded 12 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $56.1K, with a price of $4680.0 per contract. There were 2033 open contracts at this strike prior to today, and today 5574 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a put option sweep with bearish sentiment. It expires in 420 day(s) on January 16, 2026. Parties traded 358 contract(s) at a $20.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $198.6K, with a price of $555.0 per contract. There were 10718 open contracts at this strike prior to today, and today 2612 contract(s) were bought and sold. 
• Regarding DDOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), we observe a call option sweep with bullish sentiment. It expires in 28 day(s) on December 20, 2024. Parties traded 98 contract(s) at a $160.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $34.7K, with a price of $355.0 per contract. There were 2444 open contracts at this strike prior to today, and today 2173 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bullish, expiring in 35 day(s) on December 27, 2024. This event was a transfer of 65 contract(s) at a $175.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $28.9K, with a price of $444.0 per contract. There were 409 open contracts at this strike prior to today, and today 2067 contract(s) were bought and sold. 
• For CSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), we notice a call option sweep that happens to be neutral, expiring in 91 day(s) on February 21, 2025. This event was a transfer of 1133 contract(s) at a $65.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $69.1K, with a price of $61.0 per contract. There were 1630 open contracts at this strike prior to today, and today 1146 contract(s) were bought and sold. 
• For SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we notice a put option sweep that happens to be bullish, expiring in 28 day(s) on December 20, 2024. This event was a transfer of 26 contract(s) at a $175.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $1070.0 per contract. There were 216 open contracts at this strike prior to today, and today 1118 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AVGO

DDOG

MARA

MSTR

NVDA

SMCI

SNOW

10 Information Technology Stocks Whale Activity In Today's Session

ABBV

On CNBC, Jim Lebenthal Announced Bought More AbbVie; Bought More Cisco Systems

Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) shares have fallen 3% to $56.90 following <a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/41981019/cisco-shares-are-dropping-today-whats-going-on">last week&#8217;s release</a> of its fiscal first-quarter 2025 results. 
Despite surpassing Wall Street expectations for both revenue and earnings, the company reported a year-over-year revenue decline that raised investor concerns.
What Happened: Cisco reported quarterly revenue of $13.84 billion, narrowly topping analysts' forecasts of $13.77 billion, with adjusted earnings of 91 cents per share, exceeding the expected 87 cents. 
This marked the tenth consecutive quarter the company has outperformed estimates. However, revenue dipped 6% from the prior year, as product revenue fell by 9%, offset slightly by a 6% increase in services revenue.
Cash flow from operations surged 54% year-over-year to $3.7 billion, and Cisco closed the quarter with $18.7 billion in cash and investments. 
For the fiscal second quarter, Cisco projected revenue between $13.75 billion and $13.95 billion and adjusted earnings of 89 to 91 cents per share. Full-year revenue guidance was set at $55.3 billion to $56.3 billion, with adjusted earnings of $3.60 to $3.66 per share.
CEO Chuck Robbins meanwhile emphasized the company&#8217;s strategic position in AI-driven infrastructure investments. Despite the mixed sentiment, several analysts raised price targets on Cisco, with BofA Securities projecting the stock to reach $72.
Read Also: <a href="https://www.benzinga.com/news/events/24/11/42069387/grant-cardone-calls-himself-a-coward-investor-puts-his-money-in-real-assets">Grant Cardone Calls Himself A &#8216;Coward Investor,&#8217; Puts His Money In &#8216;Real Assets&#8217;</a>
<h2 class="wp-block-heading">How To Buy CSCO Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Cisco Systems&#8217; case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, CSCO has a 52-week high of $59.38 and a 52-week low of $44.50.

What's Going On With Cisco Systems Stock?

High-rolling investors have positioned themselves bearish on Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CSCO often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 19 options trades for Cisco Systems. This is not a typical pattern.
The sentiment among these major traders is split, with 36% bullish and 52% bearish. Among all the options we identified, there was one put, amounting to $28,098, and 18 calls, totaling $1,440,140.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $37.5 to $65.0 for Cisco Systems during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Cisco Systems options trades today is 1888.0 with a total volume of 32,968.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Cisco Systems's big money trades within a strike price range of $37.5 to $65.0 over the last 30 days.
<h3>Cisco Systems Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731956422_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$8.85</td>
<td>$8.7</td>
<td>$8.8</td>
<td>$50.00</td>
<td>$440.0K</td>
<td>5.6K</td>
<td>500</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.73</td>
<td>$0.72</td>
<td>$0.72</td>
<td>$59.00</td>
<td>$127.0K</td>
<td>0</td>
<td>4.2K</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.66</td>
<td>$0.64</td>
<td>$0.64</td>
<td>$59.00</td>
<td>$103.4K</td>
<td>0</td>
<td>7.8K</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$8.15</td>
<td>$8.05</td>
<td>$8.05</td>
<td>$52.50</td>
<td>$94.9K</td>
<td>559</td>
<td>224</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$8.1</td>
<td>$8.0</td>
<td>$8.0</td>
<td>$52.50</td>
<td>$84.8K</td>
<td>559</td>
<td>106</td>
</tr>
</tbody>
</table>

<h3>About Cisco Systems</h3>
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software such as firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff-25,000 strong across 90 countries. Overall, Cisco employs 80,000 people and sells its products globally.
In light of the recent options history for Cisco Systems, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Cisco Systems's Current Market Status</h3>
<ul>
<li>With a volume of 6,318,540, the price of CSCO is up 0.41% at $57.7. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 86 days.</li>
</ul>
<h3>Professional Analyst Ratings for Cisco Systems</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $64.4.
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&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Cisco Systems with a target price of $72. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Cisco Systems, which currently sits at a price target of $62. 
&#x2A; In a positive move, an analyst from JP Morgan has upgraded their rating to Overweight and adjusted the price target to $66. 
&#x2A; An analyst from UBS has decided to maintain their Neutral rating on Cisco Systems, which currently sits at a price target of $62. 
&#x2A; An analyst from Wells Fargo persists with their Equal-Weight rating on Cisco Systems, maintaining a target price of $60. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Cisco Systems, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

This Is What Whales Are Betting On Cisco Systems

Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) inked a 5.5-year Whole Portfolio Agreement (WPA) with MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), granting MGM access<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n42042991/cisco-and-mgm-resorts-international-sign-multi-year-agreement" rel="noreferrer noopener"> to Cisco&#8217;s software portfolio</a>.
The portfolio includes cybersecurity, software-defined networking, WAN, digital experience assurance, and data center services.
This collaboration aims to enhance the guest and employee experience across all MGM Resorts properties.
The agreement will automate MGM Resorts&#8217; network, enabling future location services and next-gen machine learning applications in gaming and hospitality, enhancing guest engagement.
Cisco&#8217;s technology will also ensure uptime and security, critical for delivering exceptional guest experiences in MGM&#8217;s 24/7 operations.
Branden Newman, Chief Technology Officer, MGM Resorts International, said, &#8220;The new agreement with Cisco will give our employees the technology, speed and agility they need as we continue to deliver amazing guest experiences at all MGM Resorts&#8217; destinations.&#8221;
Marco Mohajer, President, Technologent added, &#8220;Equipped with data from across the business, we can predict and proactively address MGM Resorts&#8217; technology and communication needs to deliver an exceptional customer experience.&#8221;
Last week, Cisco reported revenue of $13.84 billion for the quarter, beating analyst estimates of $13.77 billion. Adjusted earnings per share came in at 91 cents, exceeding the expected 87 cents per share, <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/24/11/41981019/cisco-shares-are-dropping-today-whats-going-on" rel="noreferrer noopener">according to&nbsp;Benzinga Pro</a>.
This marks the tenth consecutive quarter that Cisco has topped estimates for revenue and earnings.
Investors can gain exposure to the stock via&nbsp;iShares U.S. Telecommunications ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYZ#BATS">IYZ</a>) and&nbsp;First Trust NASDAQ Cybersecurity ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIBR#NASDAQ">CIBR</a>).
Price Action: CSCO shares are up 0.59% at $57.80 at the last check Monday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/41977825/cisco-systems-analysts-raise-forecasts-on-meaningful-traction-across-3-ai-investments" target="_blank" rel="noreferrer noopener">Cisco Systems Analysts Raise Forecasts On &#8216;Meaningful Traction&#8217; Across 3 AI Investments</a></li>
</ul>

Equities

Large Cap

Contracts

CIBR

iShares Dow Jones US Telecommunications Sector Index Fund

Cisco's 5.5-Year Pact With MGM Resorts Brings Next-Gen Tech To The Casino Floor And Beyond

Cisco And MGM Resorts Sign 5.5-Year Agreement To Deliver Next-Gen Guest Experiences With Cisco's Software Portfolio, Including Cybersecurity And Machine Learning Solutions Across MGM Properties; Financial Terms Not Disclosed

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Thursday.
U.S. stocks settled lower on Thursday, with the Dow Jones falling more than 200 points during the session as investors digested recent economic reports.
U.S. initial jobless claims declined by 4,000 from the previous week to 217,000 in the week ending Nov. 9, compared to market estimates of 223,000. U.S. producer prices rose 0.2% month-over-month in October compared to a revised 0.1% gain in September, in line with market expectations.
Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell around 5.8% on Thursday after recording sharp gains in the recent period. The small-cap benchmark Russell 2000 tumbled over 1% during the session.
Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) shares fell over 2% on Thursday despite reporting better-than-expected results for its first quarter.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, industrials, and healthcare stocks recording the biggest losses on Thursday. However, information technology and energy stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 207 points to 43,750.86 on Thursday. The S&amp;P 500 fell 0.60% to 5,949.17, while the Nasdaq Composite fell 0.64% to close at 19,107.65 during Thursday's session.
Investors are awaiting earnings results from Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Spectrum Brands Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>), and RLX Technology Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLX#NYSE">RLX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 60.3, the index remained in the &#8220;Greed&#8221; zone on Thursday, versus a prior reading of 65.8.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next:
<ul>
<li> <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41971544/jim-cramer-recommends-microsoft-praises-american-water-works-for-being-consistent">Jim Cramer Recommends Microsoft, Praises American Water Works For Being &#8216;Consistent&#8217;</a></li>
</ul>
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BABA

TSLA

Dow Dips Over 200 Points Following Economic Reports, Tesla Tumbles On Potential Removal Of EV Tax Credit: Fear Index Remains In 'Greed' Zone

Editor&#8217;s Note: The article was changed to reflect Renaissance Technologies, not Jim Simons, who passed away in May 2024.
In its third-quarter update, Renaissance Technologies, founded by the late <a href="https://www.benzinga.com/topic/jim-simons">famed "Quant King</a>&#8221; Jim Simons, showcased some notable pivots within its $66.5 billion portfolio.
<h1 class="wp-block-heading">Microsoft Stake, Trims Other Tech Names</h1>
Renaissance Technologies increased its stake in Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), betting on the tech giant's expansion in cloud and AI sectors, Renaissance revealed in a <a href="https://www.sec.gov/Archives/edgar/data/1037389/000103738924000091/xslForm13F_X02/primary_doc.xml">Wednesday SEC filing</a>.
At the same time, the company pared back investments in high-growth stocks such as Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Nvidia's AI boom and Tesla's market lead in EVs didn't deter the company from reducing exposure, perhaps as a hedge against market corrections.
Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) was also scaled back, suggesting Renaissance might be positioning itself more defensively as tech valuations reach historic highs.
Renaissance's move to fortify positions in well-established tech names could signal a more cautious stance on speculative growth.
<h1 class="wp-block-heading">Palantir Takes The Lead In Renaissance's Portfolio</h1>
Among all the holdings, Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) now stands as Renaissance's largest position, making up 2.15% of the portfolio. Known for its deep government contracts and burgeoning AI applications, Palantir's data-centric profile aligns well with Renaissance&#8217;s quant-driven approach.
This shift highlights a strategic tilt toward resilient, data-focused tech plays, reflecting the company&#8217;s long-term confidence in the power of predictive analytics and secure data solutions.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41972288/can-palantir-sustain-its-300x-valuation-after-climbing-266-this-year">Can Palantir Sustain Its 300X Valuation After Climbing 266% This Year?</a>
<h1 class="wp-block-heading">Top Buys: Microsoft, Apple, Cisco</h1>
Alongside Microsoft, Renaissance added significantly to Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>). This trio signals a preference for big-cap stability in a year marked by market volatility.
While Microsoft's AI and cloud growth makes it a solid pick, Apple and Cisco bring diverse revenue streams, from consumer tech to networking infrastructure, giving Renaissance a balanced tech exposure.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/41973572/ray-dalios-bridgewater-cuts-stake-in-microsoft-stock-by-20-is-big-tech-losing-its-shine">Ray Dalio&#8217;s Bridgewater Cuts Stake In Microsoft Stock By 20% – Is Big Tech Losing Its Shine?</a></li>
</ul>
Photo: Shutterstock

Hedge Funds

MSFT

Renaissance Technologies Shifts Gears: Microsoft In, Tesla Out, Palantir On Top [CORRECTED]

Signs of a waning Trump-led rally emerged Thursday as investors assessed the economic outlook and awaited potential signals on the interest-rate path from the upcoming Fed Chair Jerome Powell&#8216;s speech in <a href="https://www.benzinga.com/topic/jerome-powell">Dallas at 3 p.m. ET. </a>
Inflation data from the past two days provided mixed signals: consumer prices met expectations, while producer prices slightly exceeded forecasts, with both indicators showing a year-over-year uptick in October.
Despite this inflation data, markets remain confident the Fed will continue easing, pricing in an 80% likelihood of a December rate cut.
Wall Street&#8217;s major indices were in the red by midday, with the S&amp;P 500 down 0.3% and small-cap stocks lagging behind large-caps.
The U.S. dollar index ticked up 0.1%, even as Treasury yields declined. Bonds outperformed equities, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) climbing 1.2%.
Gold edged 0.2% lower, while oil rose 0.2%. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw its rally stall, dropping 1.8%.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg % (1 day)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,884.60</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,986.66</td>
<td>-0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,969.78</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,345.60</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:55 p.m. ET </figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent111424&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.3% to $595.18.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.2% to $438.76.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.4% to $510.28.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) tumbled 1% to $232.71.</li>
<li>The&nbsp;Consumer Staples Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, rising 0.2%. The&nbsp;Industrials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 1.5%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) rose 7% after reporting better-than-expected quarterly results. </li>
</ul>
Other stocks reacting to earnings reports included: 
<ul>
<li>Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), down over 2%, </li>
<li>Brookfield Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BN#NYSE">BN</a>), up 0.9%, </li>
<li>Talen Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>), up 0.9%, </li>
<li>Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), down 7.5%, </li>
<li>Tetra Tech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>), down over 10%, </li>
<li>StandardAero Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SARO#NYSE">SARO</a>), down 5.5%. </li>
</ul>
Companies slated to report their earnings after Thursday&#8217;s close include Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), Globant S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>), AST SpaceMobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>), Post Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>). 
Read now: 
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Trump Rally Fades As Investors Await Powell's Remarks, Bitcoin Drops Below $90,000: What's Driving Markets Thursday?

Citigroup analyst Atif Malik maintains Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) with a Buy and raises the price target from $62 to $64.

Citigroup Maintains Buy on Cisco Systems, Raises Price Target to $64

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$149.00</td>
<td>$25.6K</td>
<td>37.8K</td>
<td>114.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$227.50</td>
<td>$56.3K</td>
<td>4.2K</td>
<td>9.3K</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$62.00</td>
<td>$83.6K</td>
<td>891</td>
<td>2.2K</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$8.00</td>
<td>$74.0K</td>
<td>4.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$64.00</td>
<td>$32.1K</td>
<td>2.9K</td>
<td>376</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$170.00</td>
<td>$37.5K</td>
<td>5.7K</td>
<td>356</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$190.00</td>
<td>$25.8K</td>
<td>1.2K</td>
<td>278</td>
</tr>
<tr>
<td>CIFR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3.00</td>
<td>$72.1K</td>
<td>1.7K</td>
<td>230</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$53.00</td>
<td>$36.0K</td>
<td>221</td>
<td>215</td>
</tr>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$75.00</td>
<td>$33.8K</td>
<td>861</td>
<td>192</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bearish sentiment. It expires in 1 day(s) on November 15, 2024. Parties traded 400 contract(s) at a $149.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $64.0 per contract. There were 37833 open contracts at this strike prior to today, and today 114646 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on November 15, 2024. Parties traded 397 contract(s) at a $227.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $56.3K, with a price of $142.0 per contract. There were 4209 open contracts at this strike prior to today, and today 9333 contract(s) were bought and sold. 
• For ENPH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on November 15, 2024. This event was a transfer of 836 contract(s) at a $62.00 strike. This particular call needed to be split into 58 different trades to become filled. The total cost received by the writing party (or parties) was $83.6K, with a price of $101.0 per contract. There were 891 open contracts at this strike prior to today, and today 2269 contract(s) were bought and sold. 
• For IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we notice a call option sweep that happens to be bearish, expiring in 127 day(s) on March 21, 2025. This event was a transfer of 200 contract(s) at a $8.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $74.0K, with a price of $370.0 per contract. There were 4316 open contracts at this strike prior to today, and today 1217 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a put option trade with bullish sentiment. It expires in 36 day(s) on December 20, 2024. Parties traded 7 contract(s) at a $64.00 strike. The total cost received by the writing party (or parties) was $32.1K, with a price of $4597.0 per contract. There were 2961 open contracts at this strike prior to today, and today 376 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on November 15, 2024. This event was a transfer of 158 contract(s) at a $170.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $37.5K, with a price of $239.0 per contract. There were 5758 open contracts at this strike prior to today, and today 356 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option trade with bearish sentiment. It expires in 99 day(s) on February 21, 2025. Parties traded 17 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $1518.0 per contract. There were 1276 open contracts at this strike prior to today, and today 278 contract(s) were bought and sold. 
• For CIFR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>), we notice a call option sweep that happens to be bearish, expiring in 127 day(s) on March 21, 2025. This event was a transfer of 200 contract(s) at a $3.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $72.1K, with a price of $365.0 per contract. There were 1726 open contracts at this strike prior to today, and today 230 contract(s) were bought and sold. 
• For CSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on November 15, 2024. This event was a transfer of 70 contract(s) at a $53.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $515.0 per contract. There were 221 open contracts at this strike prior to today, and today 215 contract(s) were bought and sold. 
• For LRCX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), we notice a put option sweep that happens to be bullish, expiring in 64 day(s) on January 17, 2025. This event was a transfer of 72 contract(s) at a $75.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $33.8K, with a price of $469.0 per contract. There were 861 open contracts at this strike prior to today, and today 192 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CIFR

ENPH

IREN

LRCX

Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) shares are trading lower Thursday following the release of the networking equipment company&#8217;s first-quarter fiscal 2025 results. Here&#8217;s <a href="https://www.benzinga.com/news/earnings/24/11/41955614/cisco-q1-earnings-revenue-beat-eps-beat-strong-start-to-year-customers-investing-in-ai-and-more">what you need to know.</a>
What To Know: Cisco reported revenue of $13.84 billion for the quarter, beating analyst estimates of $13.77 billion. Adjusted earnings per share came in at 91 cents, exceeding the expected 87 cents per share, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. This marks the tenth consecutive quarter that Cisco has topped estimates for revenue and earnings.
Although Cisco beat analyst expectations, total revenue fell 6% year-over-year as product revenue declined 9%, and services revenue increased 6%. The company generated $3.7 billion in cash flow from operations, a 54% increase compared to the same quarter last year, and ended the period with $18.7 billion in cash and investments.
Looking ahead, Cisco anticipates fiscal second-quarter revenue between $13.75 billion and $13.95 billion, and adjusted earnings per share in the range of 89 cents to 91 cents. The company projects full-year 2025 revenue between $55.3 billion and $56.3 billion, and full-year adjusted earnings between $3.60 and $3.66 per share.
"Cisco is off to a strong start to fiscal 2025. Our customers are investing in critical infrastructure to prepare for AI, and with the breadth of our portfolio, we are uniquely positioned to capitalize on this opportunity," said Chuck Robbins, chair and CEO of Cisco.
See Also: <a href="https://www.benzinga.com/24/11/41971559/disneys-q4-boosted-by-streaming-gains-strong-box-office-and-solid-parks-performance">Disney Q4 Earnings: Revenue And Profit Beat, Best Film Studio Performance, 3-Year Outlook And More</a>
Following the earnings report, multiple analysts raised price targets on Cisco stock. 
<ul>
<li>Piper Sandler maintained a Neutral and raised the price target from $52 to $57.</li>
</ul>
<ul>
<li>Morgan Stanley maintained an Overweight and raised the price target from $58 to $62</li>
</ul>
<ul>
<li>Barclays maintained an Equal-Weight and raised the price target from $49 to $56.</li>
</ul>
<ul>
<li>Wells Fargo maintained an Equal-Weight and raises the price target from $57 to $60.</li>
</ul>
<ul>
<li>BofA Securities maintained a Buy and raised the price target from $60 to $72.</li>
</ul>
CSCO Price Action: Cisco shares were down 2.14% at $57.90 at the time of writing, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="543" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14101956/CSCO-1024x543.png" alt="" class="wp-image-648234" style="width:408px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14101956/CSCO-1024x543.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14101956/CSCO-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14101956/CSCO-768x407.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14101956/CSCO.png 1165w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/41976075/nomad-foods-q3-sales-grow-08-adjusted-ebitda-up-19-lowers-fy24-revenue-growth-outlook-due-to-erp-challenges">Frozen Food Company Nomad Overcomes ERP Hiccups With Solid Q3 Profit Growth, Cools 2024 Expectations</a></li>
</ul>
Image via Shutterstock.

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