By Aniruddha Ganguly
Publication Date: 2026-04-22 15:22:00
Cisco Systems CSCO shares hit a 52-week high of $89.80 on Tuesday, eventually closing at $89.70. In the trailing 12-month period, Cisco shares have jumped 61.2%, outperforming the broader Zacks Computer & Technology sector’s return of 57%. The company has been benefiting from a strong AI push. However, CSCO has been facing stiff competition from the likes of Hewlett Packard Enterprise HPE, Broadcom AVGO and Arista Networks ANET. CSCO shares are also trading at a premium. So, is the stock a buy at this level? Let’s find out.
Cisco shares have lagged peers, including Hewlett Packard Enterprise, Broadcom and Arista Networks, in the trailing 12-month period. Shares of Hewlett Packard Enterprise, Broadcom and Arista Networks have returned 87.4%,127.3% and 144.3%, respectively.
Hewlett Packard Enterprise benefits from the Juniper Networks acquisition, elevating HPE’s competitive stance by expanding its networking domain in AI, cloud and hybrid solutions. Broadcom is…
