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Cisco Stock Slips Below Yearly High Amid Piper Sandler Target Cut

Guavy AI Editorial Team Published September 25, 2026

Instruments

CSCO

Cisco Systems stock closed at USD 106.43 on Nasdaq on September 24, 2026, according to recent data.

This comes after Piper Sandler cut its price target for Cisco from USD 132 to USD 125 on September 22, citing lower valuation multiples and concerns that industry growth may be peaking.

Cisco's fiscal fourth quarter of 2026 delivered adjusted earnings per share of USD 1.22, surpassing the consensus estimate of USD 1.17. Revenue reached USD 17.252 billion, up 18 percent year over year and 2.36 percent above the consensus mark.

The company also guided fiscal Q1 2027 revenue to USD 18 billion-USD 18.2 billion and adjusted earnings per share to USD 1.32-USD 1.34, tied to its expansion in AI infrastructure.

Cisco Stock Slips Below Yearly High Amid Piper Sandler Target Cut

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