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CSCO·Cisco Systems, Inc.

$95.72
-7.89 (-7.62%)
Pre-Market
High
$97.59
Open
$96.60
Market Cap
376.85B
52W High
$134.23
Low
$95.85
P. Close
$95.72
P/E
28.40
52W Low
$70.54
Fwd P/E
17.03
DailyIQ Est.
$140.45
Inst. Own.
68.8%
Short Interest
1.54%
Days to Cover
3.8
Div. Yield
1.72%
Next Ex-Div
~Jan 1
Div. Growth
14+ yrs
NewEarnings release, scored · filed Aug 12, 2026New outlook issued · tone +2.5 vs prior release · 94 lines scoredSee the breakdown
Technical Score (1D)
88
BULLISH
News Sentiment
42
BEARISH
On Nov 5, Cisco Systems announced the launch of a fully managed Cisco Secure Networking solution through Spectrum Business, bundling Cisco 8000 Series Secure Routers with Talos Threat Intelligence to serve AI‑driven enterprise environments across North America. The same day, Morgan Stanley downgraded Cisco from overweight to equalweight, lowering its price target to $120 and citing competitive pressures and margin concerns as reasons for the reassessment. Earlier that day, Morgan Stanley also downgraded Cisco on the basis that AI hardware demand could squeeze the company’s gross margins and potentially curb earnings growth in fiscal 2028. In addition, an analyst downgrade linked to worries over AI hardware margins caused Cisco shares to fall 8 % on Nov 5, as part of a broader AI hardware sell‑off that also hit Arista and Ciena. Evercore’s research team identified Cisco as a resilient technology stock amid tighter data‑center regulations, noting that its earnings are less tied to new data‑center construction than peers and framing the company as a defensive play in a regulatory‑heavy environment. A separate article highlighted Cisco’s dividend growth and earnings coverage, which helped the stock gain during the recent tightening cycle, though higher Treasury yields now compete directly with dividend payouts. Finally, a market‑wide sell‑off on Nov 5 saw Cisco’s shares dip 7.62 %, trailing the S&P 500, while analysts projected 33 % year‑over‑year EPS growth and 21.54 % revenue growth for the upcoming quarter, with the company’s earnings release on Nov 12 expected to confirm these positive fundamentals.
LOW TARGET
$110 +13.8%
2 analysts
MEAN TARGET
$136 +40.9%
19 analysts
HIGH TARGET
$170 +75.9%
16 analysts
PRICE RANGE
$110.00 - $170.00
SB / B / H / S / SS
6/17/12/1/1
DAILYIQ EST.
$140.45 (+45.3%)
Sector
Technology
Industry
Communication Equipment
Exchange
NMS
Country
United States
Website
Symbol
CSCO
Description
Cisco Systems, Inc. is a global technology leader focused on providing essential networking and security solutions that underpin the internet. The company's core business revolves around designing, developing, and selling a comprehensive suite of products and services, including data center switching, network security, and collaboration tools. Cisco's value proposition lies in its ability to connect and secure networks across various environments, from corporate campuses to cloud-based platforms, catering to diverse customer segments like businesses, governments, and service providers. They offer a range of solutions, including hardware, software, and support services, delivered through direct sales, partnerships, and a global distribution network. Established in 1984, Cisco maintains a strong competitive position by continually innovating and adapting to evolving technological demands.
Bought (1Y)
0 shares
$0
Sold (1Y)
180,314.339 shares
$21.1M
Tuszik OliverEVP, Global Sales
Tax Withholding2,259.591 shares2026-10-10
Rishi Girish D-
Award/Grant419 shares2026-10-09
Fink Nichlas ASVP, Chief Accounting Officer
Award/Grant7,826 shares2026-09-16
Tuszik OliverEVP, Global Sales
Award/Grant69,613 shares2026-09-16
Subaiya Thimaya K.EVP, Operations
Award/Grant55,690 shares2026-09-16
82/ 100
Bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Gross Margin
64.5%
Net Margin
21.0%
Revenue CAGR
2.7%
Current Ratio
0.93x
Debt / Equity
0.45x
Return on Equity
26.4%
Earnings Summary
In Q1 2025 Cisco generated $14.149 billion in revenue and EPS of $0.96, slightly above the $0.917 estimate, while Q2 2025 revenue rose to $14.673 billion and EPS to $0.99 versus a $0.977 estimate, indicating consistent earnings beats. Q3 2025 revenue reached $14.883 billion with EPS of $1.00 against a $0.982 estimate, and Q2 2026 revenue fell to $15.349 billion, below the $15.539 estimate, though EPS of $1.04 beat the $1.035 estimate. Q3 2026 revenue of $15.841 billion matched the $15.869 estimate, and EPS of $1.06 beat the $1.056 estimate, while Q4 2026 revenue of $17.252 billion exceeded the $17.159 estimate and EPS of $1.22 beat the $1.169 estimate. The company has a track record of beating EPS estimates in five of the last six quarters and maintaining revenue growth, though Q2 2026 revenue fell short of guidance. Recent developments include Cisco’s entry into ServiceNow’s Control Tower Alliance for AI governance, a strategic move to embed its networking and security tools into enterprise AI oversight, and a net ETF selling flow that temporarily pressured the stock; these events underscore Cisco’s focus on secure AI infrastructure.

EPS

EstBeatMiss
$0.92$1.04$1.16$1.29$1.41Q2'25Q3'25Q2'26Q3'26Q4'26Q1'27
QtrEstActual+/−
Q1'27$1.35 - -
Q4'26$1.17$1.22+4.4%
Q3'26$1.06$1.06+0.4%
Q2'26$1.03$1.04+0.5%
Q3'25$0.98$1.00+1.8%
Q2'25$0.98$0.99+1.3%

Revenue

EstBeatMiss
$14.1B$15.3B$16.6B$17.8B$19.1BQ2'25Q3'25Q2'26Q3'26Q4'26Q1'27
QtrEstActual+/−
Q1'27$18.5B - -
Q4'26$17.2B$17.3B+0.5%
Q3'26$15.9B$15.8B-0.2%
Q2'26$15.5B$15.3B-1.2%
Q3'25 - $14.9B -
Q2'25 - $14.7B -

Market Data

CSCO Stock Snapshot

BULLISH88/100
$96.65+$0.65 (0.7%)
Market cap
376.85B
P/E ratio
28.4
Day range
$95.85 – $97.59
News sentiment
42/100 · Neutral
Analyst target
$136.16 (+40.9%)
Consensus
Buy · 37 analysts
52-week range+37.0% off low · -28.0% from high
$70.54$134.23
Price $96.65 DailyIQ Est. $140.45

Price is in the lower half of its 52-week range, and the momentum read backs that positioning up. Coverage is deep enough that new information gets priced quickly, so surprises tend to be macro rather than fundamental.

Reverse DCF

What growth is priced into CSCO?

RICH

At today's price, Cisco Systems, Inc. needs to grow free cash flow about 13.9% a year for 3 years, slowing to a long-run rate by year 10, to justify its valuation at a 8.77% cost of capital. Over the last five years its revenue has trended at 4.1% a year, so the market is asking for 9.8 percentage points above its own delivered rate. On that basis CSCO looks priced above what its own growth record supports.

Implied FCF growth
13.9%
Growth trend
4.1%
Growth gap
+9.8 pts
Verdict
RICH
Discount rate (WACC)
8.77%
Beta
0.97

Behaviour On Record

What CSCO's own history says about today's numbers

Realized volatility (21d)
33.6% 87th pct
Below its peak
-22.7%
vs 200-day average
-1.4%
Up days (1y)
52%

Cisco Systems, Inc. is currently running 33.6% annualised volatility over the last 21 sessions. Measured against CSCO's own 13 years of daily returns rather than a market-wide average, that is the 87th percentile — elevated for this stock, against a typical reading of 20.8%.

CSCO is trading -22.7% below its running peak. Across 13 full years on file, its median worst-drawdown-in-a-year was -18.0%, and the deepest was -37.8% in 2022. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began, and where past declines also continued.

Price sits -1.4% from its 200-day moving average. Against every other day in its history, that gap ranks at the 25th percentile — a narrower gap than it typically runs. Over the past year CSCO closed higher on 52% of sessions, and it is currently 1 session into a falling streak.

On November specifically: over 13 years of records, CSCO finished the month higher 7 of 13 times, with a median return of +3.3% and an average of +2.6%. Its strongest month historically has been May at +3.8% on average, its weakest September at -0.6%.

Overnight risk is measurable too: CSCO has opened more than 2% away from the prior close in 25 of 3,269 sessions (0.8% of the time), with the largest gaps running +4.7% and -5.9%.

Across the last 3 dated reports on file, CSCO moved an average of 5.3% in the session after earnings, closing higher 0 of those 3 times, with a median move of -5.5% and a largest of -5.7%.

All figures computed from 3,270 daily closes between 2013-11-06 and 2026-11-05, split-adjusted, recomputed daily. Percentiles are against CSCO's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of CSCO's sector?

Cisco Systems, Inc. sits in the Software sector, currently ranked 11th of 12 GICS sectors by relative-strength rotation score (lagging).

Sector rank
#11 of 12
Sector state
Lagging
Sector rotation score
18

Options Market

What is the options market pricing for CSCO?

CallsPuts

For Cisco Systems, Inc.'s nearest expiry (2026-11-06, 0 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.44), with at-the-money implied volatility around 6.3%.

Put/call ratio (2026-11-06)
0.44
ATM implied volatility
6.3%
Total open interest
29,946

Analyst Consensus Estimates

What do analysts expect CSCO to earn?

Analysts expect Cisco Systems, Inc. to earn $5.15 per share in the fiscal year ending Jul 2027 and $5.18 in the fiscal year ending Jul 2029, from 2 estimates. These are analyst forecasts, not company guidance, and later years rest on fewer analysts.

Quarter endingEPS estimateEPS rangeEPS analystsRevenue estimateRevenue analysts
Oct 2026$1.32$1.31 to $1.3424$18.12B22
Jan 2027$1.23$1.19 to $1.3623$17.90B21
Apr 2027$1.08$1.02 to $1.178~$17.88B-
Oct 2027$1.16$1.12 to $1.225~$18.87B-
Fiscal year endingEPS estimateEPS rangeEPS analystsRevenue estimateRevenue analysts
Jul 2027$5.15$5.05 to $5.6128$73.17B25
Jul 2028$5.62$5.33 to $6.8127$78.09B26
Jul 2029$5.18$4.89 to $5.472~$84.28B-

Revenue marked ~ is our calculation from the EPS estimate, not analyst consensus.

Analyst Rating Changes

Are analysts turning bullish or bearish on CSCO?

Morgan Stanley most recently downgraded Cisco Systems, Inc. to Equal-Weight on Nov 5, 2026 with a price target of $120 (from $135). Over the last 90 days, coverage has run 0 upgrades against 2 downgrades, a net bearish lean.

Latest action
Morgan Stanley: Equal-Weight
90-day upgrades
0
90-day downgrades
2
Net rating momentum
-2
DateFirmActionRatingPrice target
Nov 5, 2026Morgan StanleyDowngradeOverweight → Equal-Weight$135 → $120
Sep 30, 2026BernsteinInitiatedMarket Perform$110
Sep 22, 2026Piper SandlerMaintainedNeutral$132 → $125
Sep 1, 2026Deutsche BankInitiatedHold → Buy$135
Aug 14, 2026HSBCDowngradeBuy → Hold$137 → $120
Aug 13, 2026UBSMaintainedBuy$132 → $138
Aug 13, 2026Truist SecuritiesMaintainedBuy$125 → $140
Aug 13, 2026BarclaysMaintainedEqual-Weight$121 → $123
Aug 13, 2026Wells FargoMaintainedOverweight$130 → $150
Aug 13, 2026KeybancMaintainedOverweight$130 → $135
Aug 13, 2026RosenblattMaintainedBuy$150 → $165
Aug 13, 2026Morgan StanleyMaintainedOverweight$130 → $135

Corporate Stakes

What does CSCO own in other companies?

$294.3Min listed stakes

Cisco Systems, Inc. files its own 13F because it holds at least $100M of listed US stock. At the end of Q3 2026 it reported 5 positions worth $294.3M, led by iShares Core S&P Total U.S. Stock Market ETF at $119.7M (41% of the total). That quarter it opened a new position in LIFE and sold out of RBRK. At today's prices those positions are worth $241.0M, about 0.1% of Cisco Systems, Inc.'s own market value.

Listed positions
5
Reported value
$294.3M
Worth now
$241.0M
Largest position
ITOT
New / sold out
1 / 1
CompanyLast quarterShares% of companyValue at filingValue nowChange
iShares Core S&P Total U.S. Stock Market ETF ITOTTrimmed720.0K-$119.7M$115.4M-3.6%
CoreWeave, Inc. CRWVUnchanged1.1M0.19%$92.7M$50.4M-45.6%
iShares Core S&P 500 ETF IVVUnchanged60.0K-$46.0M$44.3M-3.7%
Space Exploration Technologies Corp. SPCXUnchanged237.4K0.00%$35.8M$30.8M-13.9%
Ethos Technologies Inc. LIFENew2.4K0.00%$80,971$78,993-2.4%
Rubrik Inc. Class A RBRKSold out00.00%$0--

Form 13F lists US-listed shares held at quarter-end and is filed up to 45 days later. Stakes in private companies are not on it. Value now and Change put those same shares, adjusted for any stock split, at today's price against their reported quarter-end value, so they do not reflect buying or selling since.

Earnings Release, Scored

What did Cisco Systems, Inc.'s latest earnings release say?

Filed Aug 12, 2026 · SEC Form 8-K, Exhibit 99

New outlook issued
Tone73.7/ 100+2.5 vs prior release
Hedging words0.74per 100 words-0.10 vs prior release
Tone, last 2 releasesScale 50–79

Most important lines

  1. 1

    Networking product orders grew 40% year over year in Q4, marking the eighth consecutive quarter of double-digit growth

    New this quarter
  2. 2

    Q4 total product orders up 35% year over year; up 25% excluding hyperscalers, with double-digit growth across every geography and customer market

  3. 3

    Record top and bottom-line performance with double-digit growth in Q4 and FY 2026, exceeding the high end of guidance ranges

    New this quarter

Peers & ETF holders

CSCO peers & ETF holders

News & sentiment

What is the news saying about CSCO?

CSCO fell 18.4% over the month to Nov 6. News tone held between 47 and 75 from Oct 6 to Oct 19, then jumped to 74 on Oct 20.

Daily close and news tone, Oct 6 to Nov 6
$100$110$120Oct 6: tone 65Oct 7: tone 68Oct 8: tone 59Oct 9: tone 70Oct 12: tone 55Oct 13: tone 75Oct 14: tone 55Oct 15: tone 59Oct 16: tone 55Oct 19: tone 47Oct 20: tone 75Oct 21: tone 64Oct 22: tone 55Oct 23: tone 52Oct 25: tone 45Oct 26: tone 60Oct 27: tone 62Oct 28: tone 52Oct 29: tone 56Oct 30: tone 58Nov 2: tone 48Nov 3: tone 54Nov 4: tone 66Nov 5: tone 43Nov 6: tone 53Oct 6News toneNov 6123
  1. Oct 6 +4.7%same day: Cisco System’s $4.30 Billion Collaboration Unit Adds WhatsApp to Webex
  2. Oct 30 -5.5%same day: Cisco chief found a 27-year-old ex-founder ‘buried away in the organization doing something unstrategic’—now the Gen Zer is rewriting 98% of its code
  3. Nov 5 -7.6%same day: Cisco Systems (CSCO) Expands Into Managed Secure Networking For AI Enterprise Infrastructure

Technical analysis

How strong is CSCO's momentum right now?

On the daily chart CSCO ranks at the 88th percentile for momentum against 1,060 stocks and ETFs, a bullish reading.

Momentum rank by timeframe0 = weakest, 100 = strongest
See what drives the rankThe inputs behind each timeframe's momentum rank, plus RSI, stochastics, Bollinger Bands and moving averages. Free with an account.

Institutional ownership

Are big funds buying or selling CSCO?

100 of the 229 tracked managers added to CSCO in their latest 13F and 128 trimmed. Together they own 68.8% of the company, worth $313.1B. BlackRock and Vanguard Capital Management alone hold 15.5%.

100adding128trimming1unchanged
Largest holders by stake, latest 13FBar = share of CSCO
  1. $42.1B positionTrimmed 1.7% last quarter
  2. $28.8B positionAdded 0.4% last quarter
  3. $23.2B positionAdded 1.8% last quarter
  4. $16.2B positionAdded 66.7% last quarter
  5. $14.0B positionAdded 1.2% last quarter
  6. $11.8B positionTrimmed 1.1% last quarter
  7. $9.4B positionAdded 3.4% last quarter
  8. $8.9B positionAdded 12.9% last quarter
  9. $7.9B positionAdded 5.0% last quarter
  10. $6.4B positionTrimmed 5.6% last quarter
Full holdings history

Congressional trading

Is Congress trading CSCO?

16 members of Congress disclosed 25 CSCO trades between Oct 29, 2024 and Oct 23, 2026: 11 buys and 14 sells, about $407.5K in estimated value.

BuysSellsJan ’25MaySepJan ’26MaySep
BuySell$1K–$15K$15K–$50K$50K–$100K$100K–$250K

What stands out

Click one to highlight its trades in the chart

Discover more

How has CSCO done against its peers?

Over the six months to Nov 6, CSCO returned +5.1%. Of the 15 related stocks and ETFs, 5 did better, led by PANW at +76.8%.

Change since May 6, through Nov 6
−100%0%+100%+200%May 6JunJulAugSepOctNov 6PANW +76.8%CSCO +5.1%CIEN −57.2%