By Trefis Team
Publication Date: 2026-09-09 22:15:00
Cisco Systems (CSCO) trades near $109, about 16% below its 52-week high, after falling 10.1% over the past month. It is still up 66.6% over the trailing twelve months, against 19.3% for the S&P 500. Its own record since 2007 says a stock like this falls about as hard as the market and has usually come back within months, though its deepest shock-era fall took years. What Cisco sells, and who buys it, has changed since that record was set.
One Line Pointed Down In Cisco’s Best Year
Nothing in the fiscal 2026 results broke. Revenue for the year was a record $63.3 billion, and management guided fiscal 2027 revenue above $72 billion, ahead of what Wall Street expected.
The exception was margin. Non-GAAP gross margin was 66.3% in fiscal Q4 2026, down 210 basis points year over year, though up 30 basis points from the prior quarter, and management expects a slight further headwind through fiscal 2027 as the…