Zacks upgrades Cisco Systems stock to Strong Buy

Published on 10/06/2026 at 09:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal Q4 revenue reached USD 17.25 billion, up 18.00 percent year over year. Cisco Systems stock costs EUR 100.40 on October 6, 2026 after EUR 100.38.

Schwarzweiß-Reportagefoto eines Technikers an einem Serverrack, Symbolbild für Cisco Systems Inc — Dokumentarische Schwarzweiß-Aufnahme eines Netzwerktechnikers repräsentiert Cisco Systems Inc., ISIN US17275R1023, im IT-Infrastruktursektor, Illustration mit AI erstellt.

Cisco Systems stock (ISIN US17275R1023) was trading at EUR 100.40 at Lang & Schwarz on October 6, 2026 at 9:45 a.m. CEST, up 0.02 percent versus the prior close of EUR 100.38. MarketBeat reports that Zacks Research upgraded Cisco Systems from Hold to Strong Buy in a research note issued on September 30, 2026.

Revenue growth meets a margin tradeoff

According to Yahoo Finance on September 11, 2026, Cisco reported USD 17.252 billion in non-GAAP revenue for the fourth quarter of fiscal 2026, up 18.00 percent year over year. Non-GAAP earnings per share reached USD 1.22, up 23.00 percent, and exceeded the USD 1.17 consensus estimate by USD 0.05.

The growth mix was powerful but not cost-free. Networking revenue increased 28.00 percent to USD 9.791 billion, while non-GAAP gross margin fell 210 basis points year over year to 66.30 percent as the product mix shifted toward AI infrastructure hardware.

Fiscal 2027 starts with higher targets

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. For the first quarter of fiscal 2027, the company expects revenue of USD 18.00 billion to USD 18.20 billion and non-GAAP earnings per share of USD 1.32 to USD 1.34, according to the same Yahoo Finance report.

AI infrastructure orders reached USD 9.30 billion in fiscal 2026, while projected fiscal 2027 AI infrastructure revenue is USD 7.50 billion. The comparison matters because Cisco must convert order momentum into sales while protecting profitability against a hardware-heavy mix.

Analysts keep a measured stance

MarketBeat reported on October 4, 2026 that 26 brokerages held a Moderate Buy consensus, including 16 Buy ratings, three Strong Buy ratings and seven Holds. The average 12-month target was USD 128.52, while Piper Sandler had cut its target from USD 132.00 to USD 125.00 on September 22, 2026.

On Nasdaq, CSCO was last at USD 112.82 on October 5, 2026 at 4:00 p.m. ET. The same primary-exchange context put Cisco's market capitalization at USD 444.7 billion and its 52-week range at USD 66.81 to USD 130.37.

EUR 100.40 in early trading

Cisco Systems stock was trading at EUR 100.40 at Lang & Schwarz on October 6, 2026 at 9:45 a.m. CEST, plus 0.02 percent versus the Lang & Schwarz prior close of EUR 100.38. The further course of trading is shown by the continuously updated real-time quote of Cisco Systems stock.