Cisco Systems, Inc. (CSCO)
Information Technology · Communications Equipment · US stock · S&P 500 component
$107.39
▼ -2.46 (2.24%)
Fair valueFair
$90 −16.4% to fair value
$45fair band $63–$117$135
Day's range
$107.14 – $110.00
52-week range
$67.32 – $129.38
About Cisco Systems, Inc.
Cisco Systems provides networking, security, collaboration and observability products. Its switches, routers, wireless equipment and software connect and protect the networks of large and small organisations, telecommunications providers, cloud operators and public bodies. The portfolio also includes Webex collaboration tools and the Splunk data analysis software that Cisco acquired, and the company increasingly offers its products through subscriptions.
Cisco earns revenue from hardware and software products and from recurring subscriptions, support and professional services. Revenue over the last twelve months was $63.3 billion, growing at 3.6% a year across the last three years. The operating margin is 24.3%, and the business earns a profit of 22% on the capital invested in it. It carries net debt of 0.6 times EBITDA. The company pays a dividend with a yield of 1.6%. On the site's X-Ray Score it receives 44 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $67.32 – $129.38Volume 15,881,900Daily, split-adjusted
Vitals
Market cap$428.2B
52-week range$67.32 – $129.38
Volume (last day)15,881,900
P/E (TTM)32.3
EBIT / EV yield3.5%
Free-cash-flow yield3.0%
Dividend yield1.6%
Revenue (TTM)$63.3B
Net income (TTM)$13.3B
Operating margin24.3%
Return on capital21.6%
Debt incl. leases$24.5B
Cash & securities$15.9B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$90model spread $86 – $93
Fair
−16.4% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $107
Undervalued < $63Fair $63 – $117Overvalued > $117
10-year DCF (market-scaled)
$79
Peer multiples
$107
Earnings power floor (not blended)
$34
Fundamentals-adjusted multiple
$83
Growth the price implies
18.6%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Fair
53/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield3.5%
Free-cash-flow yield3.0%
Fair value vs price0.8×
Growth
Weak
28/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)3.6%
EPS growth (3y)2.7%
Growth consistency70%
Profitability
Weak
49/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital21.6%
Operating margin24.3%
Gross profitability31.5%
Financial health
Weak
44/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA0.6×
Interest cover10.5×
Dividends
Weak
43/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.6%
Dividends vs free cash flow52%
Dividend growth1.3%
Quarterly results: last 6 quarters
+11.4%
Apr '25
+7.6%
Jul '25
+7.5%
Oct '25
+9.7%
Jan '26
+12.0%
Apr '26
+17.6%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $17.3B.
Compare with peers
ANET Arista Networks, Inc.62 FFIV F5, Inc.60 MSI Motorola Solutions, In...49 CIEN Ciena Corp39Other Communications Equipment companies by X-Ray Score.
Fundamentals checklist
● 1 Good · ● 8 Average · ● 7 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Bad
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 40/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $51.6B | $57.0B | $53.8B | $56.7B | $63.3B |
| Operating income | $14.0B | $15.0B | $12.2B | $11.8B | $15.4B |
| Net income | $11.8B | $12.6B | $10.3B | $10.2B | $13.3B |
| Operating cash flow | $13.2B | $19.9B | $10.9B | $14.2B | $14.2B |
| Operating margin | 27.1% | 26.4% | 22.6% | 20.8% | 24.3% |
| Free cash flow | $12.7B | $19.0B | $10.2B | $13.3B | $12.8B |
| Diluted EPS | $2.82 | $3.07 | $2.54 | $2.55 | $3.33 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
6 bullish · 2 neutral · 8 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
7 bullish · 0 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 114.3 | Bearish |
| EMA 10 | 112.2 | Bearish |
| SMA 20 | 111.0 | Bearish |
| EMA 20 | 111.8 | Bearish |
| SMA 50 | 111.3 | Bearish |
| EMA 50 | 111.4 | Bearish |
| SMA 100 | 114.2 | Bearish |
| EMA 100 | 109.1 | Bearish |
| SMA 200 | 98.84 | Bullish |
| EMA 200 | 100.8 | Bullish |
Oscillators (daily)
| RSI (14) | 41.61 | Neutral |
| MACD (12, 26) | 0.58 | Bullish |
| Momentum (12) | 0.16 | Bullish |
| Stochastic %K (14) | 13.38 | Bullish |
| Williams %R (14) | -86.62 | Bullish |
| CCI (20) | -47.92 | Neutral |
Pivot points (classic, last session)
S3 103.5 | S2 105.3 | S1 106.4 | Pivot 108.2 | R1 109.2 | R2 111.0 | R3 112.1 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.67 USD
Yield on today's price
1.56%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 2 Oct 2026 | 0.4200 |
| 6 Jul 2026 | 0.4200 |
| 2 Apr 2026 | 0.4200 |
| 2 Jan 2026 | 0.4100 |
| 3 Oct 2025 | 0.4100 |
| 3 Jul 2025 | 0.4100 |
| 3 Apr 2025 | 0.4100 |
| 3 Jan 2025 | 0.4000 |
| 2 Oct 2024 | 0.4000 |
| 5 Jul 2024 | 0.4000 |
| 3 Apr 2024 | 0.4000 |
| 3 Jan 2024 | 0.3900 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
CSCO SEC filings
9 Oct 2026
8-KSEC EDGAR
Director or officer change
2 Sep 2026
10-KSEC EDGAR
Annual report
12 Aug 2026
8-KSEC EDGAR
Results of operations
19 May 2026
10-QSEC EDGAR
Quarterly report
13 May 2026
8-KSEC EDGAR
Results of operations; Exit or restructuring costs
1 May 2026
8-KSEC EDGAR
Director or officer change
6 Apr 2026
8-KSEC EDGAR
Director or officer change
17 Feb 2026
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.