Cisco Stock Surges on Strong Earnings and AI Networking Momentum
Cisco Systems stock has seen significant gains after the company reported strong fiscal 2026 earnings and momentum in AI networking. The stock closed at around $112 on September 11, 2026, following a 4.4% increase in recent trading.
The strong earnings report included double-digit revenue growth and an earnings beat that exceeded market forecasts by 23%. Cisco's non-GAAP earnings per share reached $1.22 for the fourth quarter of fiscal 2026, up from $1.00 in the same period last year.
The company's revenue for the fourth quarter of fiscal 2026 also exceeded expectations, reaching $17.25 billion and growing by 18% compared to the prior-year quarter. This growth in top-line performance is a positive sign for investors looking at Cisco's potential for continued profitable growth.
Looking ahead to fiscal 2027, Cisco has set revenue guidance between $18.0 billion and $18.2 billion, with projected non-GAAP earnings per share ranging from $1.32 to $1.34. This guidance suggests that management remains optimistic about the company's prospects in AI networking.
Despite some valuation concerns, the broader consensus on Wall Street continues to see upside potential for Cisco shares, with an average target price of $129.68 and a Moderate Buy rating. Additionally, investors can look forward to a modest income stream through Cisco's quarterly dividend of $0.42 per share.