By Vardah Gill
Publication Date: 2026-06-01 03:10:00
Cisco Systems, Inc. (NASDAQ:CSCO) is included among the 15 Best Dividend Paying Stocks to Buy Right Now.
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On May 26, BofA raised its price recommendation on Cisco Systems, Inc. (NASDAQ:CSCO) to $135 from $114. It reiterated a Buy rating on the stock. The firm said Cisco’s fiscal third-quarter results, along with management’s comments about continued strong demand for Acacia products, reinforced its positive view of the optical networking market. According to the analyst, underlying demand in the sector remains healthy.
Cisco delivered a strong quarter. Revenue increased 12% year over year to $15.8 billion, while adjusted earnings rose 10% to $1.06 per diluted share. Those results came in ahead of Wall Street expectations, which had called for earnings of about $1.04 per share on revenue of roughly $15.5 billion.
The company’s outlook also impressed…