CSCO — Cisco Systems, Inc. - Common Stock
Session close: $95.64. Regular-session share volume: 21,990,285. Change from previous close: -6.24%.
Key developments
Cisco reported a strong fiscal first quarter with record revenue and its fastest growth in over a decade, beat guidance across revenue, margin and earnings, and raised its full-year outlook, with AI orders expected to outpace revenue and the AI revenue target lifted. Several analysts trimmed price targets while keeping Buy or Overweight ratings, citing lower sector multiples and decelerating order growth.
Company news Multiple Analysts Adjust Price Targets for Cisco Systems · Company news Cisco Systems Posts Strong Q3 Beat, Analyst Cuts Price Target Despite Fastest Growth In Over 15 Years
Despite the beat, shares fell sharply as a compression in adjusted gross margin and slowing product-order growth overshadowed results, and Cisco led blue-chip decliners amid a weak technology session.
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News sources
Company news Multiple Analysts Adjust Price Targets for Cisco Systems · Company news Wells Fargo Maintains Overweight on Cisco Systems, Lowers Price Target to $130 · Company news Cisco Systems Posts Strong Q3 Beat, Analyst Cuts Price Target Despite Fastest Growth In Over 15 Years · Company news Piper Sandler Reiterates Neutral on Cisco Systems, Lowers Price Target to $112