Zacks upgrades Cisco Systems stock to Strong Buy

Published on 10/02/2026 at 14:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cisco beat USD 16.84 billion consensus with USD 17.25 billion in the fiscal fourth quarter. Cisco Systems stock was EUR 97.43 on October 2, 2026.

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Cisco Systems (ISIN US17275R1023) was trading at EUR 97.43 at Lang & Schwarz on October 2, 2026, at 2:36 p.m. CEST. According to MarketBeat on October 2, 2026, Zacks Research upgraded Cisco Systems from Hold to Strong Buy in a note issued on September 30, 2026.

Fiscal fourth quarter beat estimates

The latest operating figures give the rating change a measurable backdrop. Zacks reported USD 17.25 billion of revenue in the fourth quarter of fiscal 2026, up 18.00 percent year over year and above the USD 16.84 billion consensus estimate. Non-GAAP earnings per share reached USD 1.22, 23.00 percent above the prior-year level and 4.27 percent above consensus.

The comparison is important because the growth was not limited to one product line. Networking revenue increased 28.00 percent to USD 9.79 billion, while security revenue rose 14.00 percent to USD 2.23 billion in the fourth quarter of fiscal 2026. At the same time, non-GAAP gross margin fell 210 basis points year over year to 66.30 percent, showing the cost of a larger hardware mix.

AI demand shapes fiscal 2027

In the fiscal 2026 earnings call, Yahoo Finance reported that Cisco guided for fiscal 2027 revenue of USD 72.20 billion to USD 73.40 billion and non-GAAP earnings per share of USD 5.05 to USD 5.11. The midpoint of the revenue range implies growth of 14.99 percent from fiscal 2026 revenue of USD 63.33 billion.

AI infrastructure orders reached USD 9.30 billion in fiscal 2026, including USD 4.00 billion in the fourth quarter. Management expects hyperscaler AI infrastructure revenue to reach USD 7.50 billion in fiscal 2027, but the margin pressure in the latest quarter leaves execution and product mix as the key variables.

Analyst target stays above Nasdaq price

MarketBeat reported an average analyst price target of USD 128.52 and a Moderate Buy consensus, based on three Strong Buy, sixteen Buy and seven Hold ratings. The primary Nasdaq quote was last at USD 108.76 on October 1, 2026, at 4:00 p.m. ET, placing the average target 18.17 percent above that Nasdaq price.

Cisco price in euros

Cisco Systems was trading at EUR 97.43 at Lang & Schwarz on October 2, 2026, at 2:36 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Cisco Systems stock.