Cisco Systems, Inc. (CSCO) Stock Price & Analysis
Cisco Systems, Inc. (CSCO) closed at USD 104.89 on Thursday, October 22, 2026, down 2.21% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 107.26; the Oct 22, 2026 session ranged USD 103.58–106.3 on volume of 18,567,851 shares. Market capitalization is $413.54B, with a 52-week range of USD 70.06–130.37 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CSCO.md
Key facts (CSCO)
- Last four reported quarters (through Jul 25, 2026): revenue $63.3B, net income $13.3B (21.0% margin), free cash flow $12.8B (SEC filings).
- Valuation: P/E 31.2x (avg 26.9x at the last 3 fiscal year-ends), net debt $8.57B.
- 7 of 80 tracked superinvestors hold CSCO (13F, Q2 2026): 1 new, 0 added, 5 reduced, 1 unchanged.
- Analysts: Buy (mean 2.17 on a 1–5 scale) (29 analysts), mean target USD 136.16 (range 110–170).
- Total return with dividends: 1Y +52.0% vs S&P 500 +14.9%; 5Y +118.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-12, EPS estimate USD 1.32, revenue estimate $18.1B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CSCO)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $51.6B | $57.0B | $53.8B | $56.7B | $63.3B | $63.3B |
| Gross profit | $32.2B | $35.8B | $34.8B | $36.8B | $40.9B | — |
| Operating income | $14.0B | $15.0B | $12.2B | $11.8B | $15.4B | $15.4B |
| Net income | $11.8B | $12.6B | $10.3B | $10.2B | $13.3B | $13.3B |
| EPS (diluted) | $2.82 | $3.07 | $2.54 | $2.55 | $3.33 | — |
| Free cash flow | $12.7B | $19.0B | $10.2B | $13.3B | $12.8B | $12.8B |
| Gross margin | 62.5% | 62.7% | 64.7% | 64.9% | 64.5% | — |
| Operating margin | 27.1% | 26.4% | 22.6% | 20.8% | 24.3% | 24.3% |
| Net margin | 22.9% | 22.1% | 19.2% | 18.0% | 21.0% | 21.0% |
| Revenue growth | +3.5% | +10.6% | -5.6% | +5.3% | +11.8% | — |
| Cash + short-term investments | $19.3B | $26.1B | $17.9B | $14.5B | $14.3B | — |
| Total debt | $8.91B | $8.39B | $20.1B | $24.6B | $22.9B | — |
Fiscal years end Jul. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 25, 2026) (CSCO)
P/E 31.2x · P/S 6.5x · EV/Sales 6.7x · P/FCF 32.4x · P/B 8.2x · FCF yield 3.09% · Earnings yield 3.21% · Dividend yield (paid, TTM) 1.58% · Buyback yield (TTM) 1.48% · Net debt $8.57B · EV $422B
P/E at fiscal year-ends: Jul 2026 34.9x, Jul 2025 26.7x, Jul 2024 19.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (CSCO)
7 of 80 tracked investors hold CSCO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| AKO Capital | 5.40% | $232M | Reduced -35.2% | |
| Richard Pzena | Pzena Investment Management | 0.44% | $151M | Reduced -2.1% |
| Thomas Gayner | Markel Group | 0.32% | $41.8M | Unchanged |
| Tweedy Browne | 0.26% | $3.5M | Reduced -46.7% | |
| Mairs & Power | Mairs & Power Funds | 0.02% | $2.3M | Reduced -0.5% |
| Dodge & Cox Funds | Dodge & Cox | 0.01% | $10.4M | Reduced -15.9% |
| Lee Ainslie | Maverick Capital | 0.01% | $1.4M | New position |
Analysts (CSCO)
Consensus Buy (mean 2.17 on a 1–5 scale), 29 analysts; mean target USD 136.16 (low 110, high 170).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-30 | Bernstein | Initiated | Market Perform | $110 |
| 2026-09-22 | Piper Sandler | Target lowered | Neutral | $132 → $125 |
| 2026-09-01 | Deutsche Bank | Initiated | Hold → Buy | $135 |
| 2026-08-14 | HSBC | Downgrade | Buy → Hold | $137 → $120 |
| 2026-08-13 | UBS | Target raised | Buy | $132 → $138 |
| 2026-08-13 | Truist Securities | Target raised | Buy | $125 → $140 |
| 2026-08-13 | Barclays | Target raised | Equal-Weight | $121 → $123 |
| 2026-08-13 | Wells Fargo | Target raised | Overweight | $130 → $150 |
| 2026-08-13 | Keybanc | Target raised | Overweight | $130 → $135 |
| 2026-08-13 | Rosenblatt | Target raised | Buy | $150 → $165 |
| 2026-08-13 | Morgan Stanley | Target raised | Overweight | $130 → $135 |
| 2026-06-25 | Keybanc | Target raised | Overweight | $125 → $130 |
Total return (dividends reinvested) (CSCO)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +52.0% | +118.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +52.3% | +16.9% |
| Volatility (annualized) | 35.5% | 26.1% |
| Max drawdown | -18.7% (Jun 2026→Oct 2026) | -35.5% (Dec 2021→Sep 2022) |
Companies that name CSCO in their SEC reports
| Relationship to CSCO | Company | Filing | Sentence |
|---|---|---|---|
| competitor | IDT CORP (IDT) | 10-K Sep 29, 2026 | “This proliferation is driving change in contact center technology, as customers expect seamless communication across any channel according to their preference and needs. net2phone competes with large legacy vendors that offer on-premises contact center systems, such as Avaya and Cisco.” |
| partner | Nutanix, Inc. (NTNX) | 10-K Sep 18, 2026 | “NAI provides inferencing on CNCF Kubernetes, running across public clouds, data centers, the edge, neoclouds, and OEM partner platforms (such as Cisco, Dell, and Supermicro), complete with Day 2 operations, security, and resilience.” |
| competitor | Palo Alto Networks Inc (PANW) | 10-K Sep 10, 2026 | “•large companies that incorporate security or observability features in their products, such as Alphabet Inc., Cisco Systems, Inc., and Microsoft Corporation, or those that have acquired, or may acquire, security vendors and have the technical and financial resources to bring competitive solutions to the market;” |
| supplier | EGAIN Corp (EGAN) | 10-K Sep 10, 2026 | “Revenue from Cisco original equipment manufacturer (OEM) increased by $347,000, or 3%, while revenue from Other decreased by $6.9 million, or 21%.” |
| competitor | Super Micro Computer, Inc. (SMCI) | 10-K Aug 31, 2026 | “•global technology vendors, such as Cisco, Dell, Hewlett-Packard Enterprise, and Lenovo; and” |
| competitor | Ubiquiti Inc. (UI) | 10-K Aug 21, 2026 | “In the enterprise WLAN and switching markets, we primarily compete with Cisco, Fortinet, Hewlett Packard Enterprise (Aruba Networks and Juniper Networks), and Ruckus (Belden).” |
| customer | SCANSOURCE, INC. (SCSC) | 10-K Aug 20, 2026 | “We provide products and services from approximately 500 suppliers, including key suppliers AT&T, Avaya, Axis, Cisco, Comcast Business, Dell, Elo, Extreme, Five9, Fortinet, Hanwha, Honeywell, HP Poly, HPE/Aruba, HPE/Juniper, Ingenico, Lumen, Microsoft, NiCE, RingCentral, Ubiquiti, Verifone, Verizon, Zebra Technologies and Zoom.” |
| competitor | EXTREME NETWORKS INC (EXTR) | 10-K Aug 17, 2026 | “However, the market for network switching solutions is dominated by a few large companies, particularly Cisco Systems, Inc., Hewlett Packard Enterprise Company, and Huawei Technologies Co. Ltd. To a lesser extent, Extreme competes with products and solutions from Arista Networks Inc., RUCKUS Networks, Inc., Fortinet, Inc., and Ubiquiti Inc. Most of these competitors have greater name recognition, larger customer b…” |
| supplier | VIAVI SOLUTIONS INC. (VIAV) | 10-K Aug 13, 2026 | “Examples of our customers include Advanced Micro Devices, Inc., América Móvil, AT&T Inc., British Telecom Openreach, Ciena, Cisco Systems, Inc., Deutsche Telekom AG, Ericsson, Lumen Technologies, Inc., Nokia Corporation and Verizon Communications Inc.” |
| competitor | ORACLE CORP (ORCL) | 10-K Jun 22, 2026 | “Our enterprise cloud, software and hardware offerings compete directly with certain offerings from some of the largest and most competitive companies in the world, including Adobe Systems Incorporated, Alphabet Inc., Amazon.com, Inc., Cisco Systems, Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Salesforce, Inc. and SAP SE, as well as other companies like Hewlett-Packa…” |
| competitor | Elastic N.V. (ESTC) | 10-K Jun 8, 2026 | “•For Elastic Observability: software vendors with specific observability solutions, such as AppDynamics and Splunk (each owned by Cisco Systems), Datadog, Dynatrace, and New Relic.” |
| partner | NetApp, Inc. (NTAP) | 10-K Jun 5, 2026 | “Strong Ecosystem Partnerships: Collaborations with technology leaders such as NVIDIA, Cisco, Microsoft, and a broad network of channel partners enable us to deliver integrated, best-in-class solutions tailored to diverse customer needs.” |
| partner | Kyndryl Holdings, Inc. (KD) | 10-K May 29, 2026 | “We have several key partnerships, including with Amazon Web Services, Broadcom, Cisco, Dell, Dynatrace, Google Cloud, HPE, Microsoft, NVIDIA, Oracle, Palo Alto Networks, Red Hat, Rubrik, SAP and ServiceNow that accelerate market participation, joint solution development and investment in skills and certification enhancements for Kyndryl.” |
| customer | EPLUS INC (PLUS) | 10-K May 28, 2026 | “Products manufactured by Cisco Systems represented approximately 29%, 32%, and 44% of net sales for the years ended March 31, 2026, 2025, and 2024, respectively.” |
| competitor | 8X8 INC /DE/ (EGHT) | 10-K May 22, 2026 | “•Legacy communications vendors such as Cisco Systems, Inc., Mitel Networks Corp., and Avaya Holdings Corp., which are shifting from on-premises to cloud-based solutions.” |
CSCO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $1.32 | $1.15 | +15.5% | $18.12B | 24 |
| Next quarter (ends Jan 2027) | $1.23 | $1.17 | +4.7% | $17.90B | 23 |
| Current fiscal year (ends Jul 2027) | $5.15 | $4.78 | +7.7% | $73.17B | 28 |
| Next fiscal year (ends Jul 2028) | $5.62 | $5.28 | +6.5% | $78.09B | 27 |
CSCO options: expected move
Options price a move of about ±10.0% (±$10.53) by Nov 13, 2026, which includes earnings on Nov 12, 2026; the earnings reaction alone is priced at about ±7.3%.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 34.6% | ±4.1% |
| Nov 6, 2026 | 14 | 35.5% | ±5.9% |
| Nov 13, 2026 | 21 | 51.1% | ±10.0% |
| Nov 20, 2026 | 28 | 47.6% | ±10.7% |
| Nov 27, 2026 | 35 | 45.4% | ±11.4% |
| Dec 4, 2026 | 42 | 44.0% | ±12.0% |
| Dec 18, 2026 | 56 | 41.7% | ±13.1% |
| Jan 15, 2027 | 84 | 38.4% | ±14.8% |
30-day implied volatility 47.3% vs 33.9% realized over the last 30 trading days. Put/call ratio (volume) 0.9. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 104.89 |
|---|---|
| Change | ▼ 2.21% (down) |
| Previous Close | USD 107.26 |
| Open | USD 105.74 |
| Day Range | USD 103.58 – 106.3 |
| 52-Week Range | USD 70.06 – 130.37 |
| Volume | 18,567,851 shares |
| Market Cap | $413.54B |
| Exchange | NMS |
Technical Analysis (CSCO)
Nexqual's technical model rates CSCO "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 38.2 (neutral) |
| vs SMA50 | Below (USD 110.37) |
| MACD | -1 (negative) |
Analyst Ratings (CSCO)
Wall Street analysts rate CSCO "Buy" based on 29 analysts, with a mean price target of USD 136.16 (range USD 110–170), per Nexqual as of October 23, 2026 at 09:26 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 29 |
| Mean Target | USD 136.16 |
| High Target | USD 170 |
| Low Target | USD 110 |
| Buy / Hold / Sell | 19 / 10 / 0 |
Earnings (CSCO)
| Next Earnings Date | 2026-11-12 |
|---|---|
| EPS Estimate | USD 1.32 |
| Revenue Estimate | $18.12B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 1.22 vs est 1.17 ▲ beat |
| 2026-04-30 | USD 1.06 vs est 1.04 ▲ beat |
| 2026-01-31 | USD 1.04 vs est 1.02 ▲ beat |
| 2025-10-31 | USD 1 vs est 0.98 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (CSCO)
| Total Revenue | $63.32B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +17.60% |
| Gross Margin | +64.52% |
| Operating Margin | +27.72% |
| Profit Margin | +20.95% |
| ROE | +27.32% |
| Debt / Equity | 0.62 |
| Current Ratio | 0.93 |
| Total Cash | $15.92B |
| Total Debt | $31.19B |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $12.77B (20.2% of revenue) |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financial Health Score (CSCO)
Nexqual rates Cisco Systems, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:26 UTC.
| Growth | Solid — Revenue +5% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 65%, operating 28% (last 12 months) |
| Balance Sheet | Mixed — $14.3B cash and investments vs $22.9B debt (Jul 2026, SEC) |
| Cash Flow | Strong — FCF $12.8B (last 4 quarters to Jul 2026, SEC), 20% margin |
| Efficiency | Strong — ROE 27%, ROA 8.0% |
Ownership (CSCO)
| Insider Ownership | +0.06% |
|---|---|
| Institutional Ownership | +83.40% |
| Shares Outstanding | 3.94B |
| Float | 3.94B |
| Short % of Float | +1.30% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MSI | Motorola Solutions, Inc. | USD 477.81 | ▲ 2.21% |
| HPE | Hewlett Packard Enterprise Comp | USD 55.47 | ▼ 4.64% |
| LITE | Lumentum Holdings Inc. | USD 752.54 | ▼ 11.54% |
| CIEN | Ciena Corporation | USD 322.64 | ▼ 10.71% |
| NOK | Nokia Corporation Sponsored | USD 7.88 | ▼ 14.81% |
| UI | Ubiquiti Inc. | USD 595.62 | ▼ 2.25% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt