Morgan Stanley Downgrades Cisco On AI Impacting Gross Margins

Cisco Systems (CSCO) could face gross margin pressure impacting its earnings growth in fiscal 2028, says a Morgan Stanley analyst who downgraded the computer networking giant on Thursday. Cisco stock fell on the news. Morgan Stanley analyst Meta Marshall downgraded Cisco to equal weight (neutral) from overweight (buy). Cisco reports fiscal Q1, 2027 earnings on Nov. 12. “AI supports stronger…