Piper Sandler cuts target for Cisco Systems stock to USD 125.00
Published on 10/01/2026 at 14:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Cisco Systems (ISIN US17275R1023) stock was at EUR 95.59 at Lang & Schwarz on October 1, 2026 at 2:04 p.m. CEST, while MarketBeat reported on September 22, 2026 that Piper Sandler cut its Cisco target from USD 132.00 to USD 125.00 and kept a neutral rating. The target reduction puts valuation discipline beside Cisco's strong AI infrastructure demand.
Target cut meets strong results
StockTitan reported that Cisco generated USD 63.33 billion in revenue for fiscal 2026, compared with USD 56.65 billion in fiscal 2025. Net income reached USD 13.27 billion, up from USD 10.18 billion, while diluted earnings per share rose to USD 3.33 from USD 2.55.
The latest quarter was the sharper operating signal. Revenue reached USD 17.25 billion, versus consensus of USD 16.84 billion, and adjusted earnings per share came in at USD 1.22, compared with USD 1.17 expected, according to MarketBeat. The revenue gap was USD 0.41 billion, giving the target cut a more cautious tone than the reported demand figures.
AI demand and margin risk
Cisco's fiscal 2026 filing showed product revenue of USD 48.3 billion and services revenue of USD 15.0 billion. Product revenue expanded while services revenue stayed flat, a mix shift that makes hardware execution and recurring software growth important for the next phase.
The company also reported USD 9.3 billion in AI infrastructure orders from hyperscalers during fiscal 2026, including USD 4.0 billion in the fourth quarter. That order base supports the growth narrative, but the hardware-heavy mix can pressure margins before software and services attach to the deployments.
Stock stays below its yearly high
CSCO traded at USD 107.63 in the finance quote dated September 30, 2026, against a 52-week range of USD 66.81 to USD 130.37. Its market capitalization was USD 424.2 billion on that date, leaving the stock below the upper end of its annual range while the euro quote moved only modestly on October 1, 2026.
The further course of trading is shown by the continuously updated real-time quote of Cisco Systems stock.
Cisco Systems stock facts
- Company: Cisco Systems, Inc.
- ISIN: US17275R1023
- WKN: 878841
- Ticker: CSCO
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 1, 2026, 2:04 p.m. CEST): EUR 95.59
- Change versus prior close: plus 0.76 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 94.87
- Market capitalization: USD 424.2 billion (as of September 30, 2026)
- 52-week range: USD 66.81-USD 130.37 (as of September 30, 2026)
- Sector / Industry: Technology / Communication Equipment
