Cisco Hits All-Time High Above $82 with 10% Q2 Revenue Growth
Shares rose above $82 in early February to set a fresh all-time high—its first since the DotCom bust—supported by a 10% Q2 revenue gain to $15.35 billion, 20% product sales growth and a 1.9% dividend yielding 40% payout. Analysts forecast at least 20% upside and see a move toward $182.
1. All-Time High Breakthrough
Shares rose above $82 in early February to mark the first all-time high since the DotCom crash, signaling a pivot in the long-dormant stock and reflecting renewed investor confidence in its core networking business.
2. Q2 Financial Performance
In Q2 Cisco delivered $15.35 billion in revenue, up 10% year-on-year, driven by a 20% increase in product sales—including networking—and strong services tied to AI-driven data center upgrades.
3. Dividend and Buyback Program
Cisco maintains a 1.9% dividend yield with a payout ratio at 40% of earnings guidance, has increased distributions for 15 consecutive years and has reduced its share count by 0.5% year-to-date through buybacks.
4. Analyst Upside Forecast
Analysts have raised price targets, citing a multi-year tech refresh cycle, and forecast at least 20% upside to $182, noting the stock trades at 14X 2030 estimated earnings and could reach $150–$182 over time.