Cisco Systems, Inc. (CSCO)
NASDAQ · Technology · analysed October 12, 2026
Founded in 1984, Cisco Systems, Inc. is a global technology leader that designs, manufactures, and sells networking hardware, software, telecommunications equipment, and cybersecurity solutions. The company provides the foundational infrastructure that powers enterprise networks, data centers, and cloud connectivity worldwide. Recently, Cisco has prioritized expanding its recurring software and subscription revenue, highlighted by its strategic acquisition of Splunk to strengthen its cybersecurity and enterprise observability capabilities. The company is also heavily focused on delivering AI-optimized networking infrastructure and integrated security tools to support demanding artificial intelligence workloads.
Executive summary
Cisco Systems has generated top-line acceleration by booking $9.3 billion in hyperscaler AI orders and growing FY2026 revenue by 11.8% to $63.325 billion1,11. The company's enterprise networking installed base and Splunk software integration provide robust recurring cash flow, but a 64% share price advance over the trailing twelve months has expanded the valuation to 23.13x forward earnings4,5. With consensus projecting earnings growth to moderate toward 9% in FY2028, future performance depends on converting AI bookings while maintaining enterprise campus switching margins against formidable cloud rivals1,4,7.
Sources cited here, 5 of 27
- 1investor.cisco.com
- 4stockanalysis.com
- 5stockanalysis.com
- 7trefis.com
- 11tradingkey.com
Key figures
- Market cap
- $466.8B
- P/E, trailing
- 35.5
- P/E, next 12 months
- 23.1
- Revenue growth, last fiscal year
- 11.8%
- Net margin, last fiscal year
- 21.0%
The full analysis adds sections on competition, financials and valuation, recent news, upcoming catalysts, institutional investors and fund letters. See the plans or join the waitlist.