Cisco Systems Inc. (NASDAQ:CSCO) reported better-than-expected financial results for the fourth quarter of fiscal 2026 after the closing bell on Wednesday.

Cisco reported fourth-quarter revenue of $17.25 billion, beating analyst estimates of $16.82 billion, according to Benzinga Pro. The networking equipment company reported adjusted earnings of $1.22 per share for the quarter, beating analyst estimates of $1.17 per share.

Cisco guided for fiscal year 2027 revenue of $72.2 billion to $73.4 billion versus estimates of $68.69 billion. The company also guided for full-year adjusted earnings of $5.05 to $5.11 per share, versus estimates of $4.80 per share.

"We delivered a very strong close to fiscal 2026, marking another record year for Cisco," said Chuck Robbins, chair and CEO of Cisco. "With the breadth and depth of our portfolio and our competitive differentiation in secure networking, Cisco is well positioned to support our customers however or wherever they decide to deploy AI."

Cisco shares fell 7.2% to $114.91 in pre-market trading

These analysts made changes to their price targets on Cisco following earnings announcement.

  • Morgan Stanley analyst Meta Marshall maintained the stock with an Overweight rating and raised the price target from $130 to $135.
  • Rosenblatt analyst Mike Genovese maintained the stock with a Buy and raised the price target from $150 to $165.
  • Keybanc analyst Brandon Nispel maintained the stock with an Overweight rating and raised the price target from $130 to $135.

Considering buying CSCO stock? Here’s what analysts think:

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