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The latest update is out from Cisco Systems ( (CSCO) ).
On May 13, 2026, Cisco announced a restructuring plan designed to redirect spending toward key growth areas including silicon, optics, security and artificial intelligence, and said it expects to incur up to $1 billion in mainly cash-based pre-tax charges tied to severance and related costs. The company plans to record about $450 million of these charges in the fourth quarter of fiscal 2026 and the remainder in fiscal 2027, signaling a sizable workforce and cost realignment as it seeks to sharpen its competitive edge in high-demand AI and networking markets while managing near-term financial impacts for employees and investors.
Also on May 13, 2026, Cisco reported record third-quarter fiscal 2026 revenue of $15.8 billion, up 12% year over year, with GAAP earnings per share rising 37% to $0.85 and non-GAAP EPS increasing 10% to $1.06, underscoring strong demand for its technology. Product orders surged, led by networking and AI-related infrastructure demand from hyperscalers and a large campus and data center refresh cycle, supporting robust margins, continued shareholder returns via dividends and buybacks, and guidance that points to sustained growth into the fourth quarter and full fiscal year 2026.
The most recent analyst rating on (CSCO) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Cisco Systems stock, see the CSCO Stock Forecast page.
Spark’s Take on CSCO Stock
According to Spark, TipRanks’ AI Analyst, CSCO is a Outperform.
CSCO scores well on financial performance and earnings quality (strong margins and robust free cash flow), reinforced by a positive earnings outlook and AI/networking demand signals from the latest call. The main constraints on the score are elevated near-term technical conditions (overbought indicators), increased leverage versus prior years, and a valuation multiple that looks only fair given modest growth and a moderate dividend yield.
To see Spark’s full report on CSCO stock, click here.
More about Cisco Systems
Cisco Systems, based in San Jose, Calif., is a global provider of networking equipment, software and services, with a growing focus on AI infrastructure, security, silicon and optics. The company supplies critical networking and data center technology to enterprises, service providers and hyperscale cloud operators, positioning itself as core infrastructure for the AI era.
Average Trading Volume: 21,354,036
Technical Sentiment Signal: Buy
Current Market Cap: $392.2B
Find detailed analytics on CSCO stock on TipRanks’ Stock Analysis page.