By Vardah Gill
Publication Date: 2026-06-09 03:49:00
With a net profit margin of 19.69%, Cisco Systems, Inc. (NASDAQ:CSCO) is included among the 10 Most Profitable Dividend Stocks to Invest In Now.
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On June 8, BofA raised its price recommendation on Cisco Systems, Inc. (NASDAQ:CSCO) to $150 from $135. The firm reiterated a Buy rating on the shares. It also increased its price targets for Arista Networks (ANET), Cisco, and Extreme Networks (EXTR) after hosting several networking-focused sessions at its Global Technology Conference in San Francisco.
During the fiscal Q3 2026 earnings call, Chairman and CEO Charles Robbins said Cisco delivered record revenue of $15.8 billion. It was up 12% from the same quarter a year earlier. He noted that total product orders increased 35% year-over-year, while AI infrastructure orders from hyperscale customers reached $1.9 billion during the quarter. Robbins said strong demand…