Cisco Systems stock stands at USD 106.43 as Piper cuts target

Published on 09/25/2026 at 14:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cisco Systems stock faced a USD 125 target from Piper Sandler on September 22, down from USD 132. Fiscal Q4 adjusted EPS reached USD 1.22 against USD 1.17 consensus.

Rechenzentrum-Korridor mit Serverracks und Techniker, Symbolbild für Cisco Systems Inc — Fotorealistischer Serverraum symbolisiert die Netzwerktechnik von Cisco Systems Inc., ISIN US17275R1023, für Anleger visualisiert, Illustration mit AI erstellt.

Cisco Systems stock (ISIN US17275R1023) stood at USD 106.43 on Nasdaq at the September 24, 2026 close. On September 22, Piper Sandler cut its price target from USD 132 to USD 125, citing lower valuation multiples and concerns that industry growth may be peaking, as CNBC reported.

Piper Sandler cuts target

The revised target remains above Cisco's September 24 closing price, while the stock's 52-week range is USD 66.81 to USD 130.37. Cisco's market capitalization was USD 421,615,266,115 on September 25, 2026, placing the share price below its yearly high but well above its yearly low.

MarketBeat reported on September 22, 2026, that Piper Sandler retained a neutral rating alongside the lower target. The change gives investors a concrete counterpoint to the broader analyst average target of USD 129.36 cited in the same report.

Fiscal Q4 beat estimates

Cisco's fiscal fourth quarter of 2026 delivered adjusted earnings per share of USD 1.22, compared with a consensus estimate of USD 1.17. Revenue reached USD 17.252 billion, up 18 percent year over year and 2.36 percent above the consensus mark, according to Zacks.

The comparison matters because the quarterly result combined faster sales with margin pressure. Zacks reported non-GAAP gross margin of 66.3 percent, down 210 basis points year over year, while non-GAAP operating margin rose to 35.9 percent from 34.3 percent.

AI orders support guidance

Cisco guided fiscal Q1 2027 revenue to USD 18 billion-USD 18.2 billion and adjusted earnings per share to USD 1.32-USD 1.34, according to Zacks. The guidance is tied to Cisco's expansion in AI infrastructure, with hyperscaler revenue projected at USD 7.5 billion in fiscal 2027 versus USD 4 billion in fiscal 2026, as Trefis reported.

The company also took USD 9.3 billion of hyperscaler AI infrastructure orders during fiscal 2026, according to Trefis. That order base gives the guidance a measurable operating driver, while the target cut shows that valuation and the pace of future growth remain central to the stock debate.