Cisco Systems had a great first quarter with sales up 24% and earnings up 40%, but analysts lowered their price target.

Nov 13, 2026, 11:35 AM ETResultsRead the original at Benzinga

Good for CSCO

Cisco's sales, earnings per share, and company forecasts rose, and its AI sales target increased. Orders slowed in most markets, and one analyst cut his target, but the stronger results and higher forecast point to better prospects.

CSCO · Cisco Systems Inc

AI read · Good for CSCO

The AI's read

Higher company forecasts suggest Cisco expects sales and profit to keep growing. AI orders are expected to outpace AI sales in fiscal 2027, adding to its backlog. The warning is that order growth slowed in nearly every customer market and region. One analyst also lowered his target, citing slower orders and weaker comparisons across the sector. The stronger results and higher forecast carry more weight.

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