Cisco (CSCO) Unlikely to Pursue Axonius Acquisition, Says TD Cowen Analyst

Cisco Systems, Inc. (NASDAQ:CSCO) is included among the 12 Best DOW Stocks to Buy in 2026.

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On January 5, TD Cowen analyst Shaul Eyal said the firm’s channel checks and industry conversions suggest that Cisco Systems, Inc. (NASDAQ:CSCO) acquiring Axonius “is not imminent and is currently not in our cards.”

TD Cowen also noted that names like SentinelOne, Varonis, and Tenable could attract interest from strategic and financial sponsors. Lower interest rates and the push to broaden security capabilities are driving those conversions, the analyst said.

Cisco Systems, Inc. (NASDAQ:CSCO)’s stock jumped more than 28% in 2025, and early signs from fiscal 2026 point to continued momentum.

First-quarter revenue rose 8% year-over-year. The pace may look modest for a company trading near a 30x P/E, but investors are focused on AI. Cisco said its infrastructure…