Stock · CSCO · Technology
United States · Large Cap · listed since 1990 · Revenue 12 mo. $63.3B
Price as of 11/06/2026
Summary
51.8 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €11.5B (2026), it supports €127.3B. The remaining €214.2B of the market value assume it grows 13.8% a year for 10 years and not at all afterwards.
Required FCF growth per year
13.8%
no growth afterwards
Price to operating cash flow 26.4×, above its usual range.
Middle half of 20 quarters: 13.2× to 19.9×, median 17.3×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
AI summary of the 2026 annual report
A language model selected and condensed statements from the report. Each statement carries a verbatim quote. The selection is not complete and shows the state of the report. It gives no rating and does not feed into the score.
Form 10-K, fiscal year ended 07/25/2026, filed 09/02/2026. Open the report at the SEC
| Segment | Share | Revenue |
|---|---|---|
| Americas | 59.7% | $37.8B |
| Europe, Middle East, and Africa | 26.2% | $16.6B |
| Asia Pacific, Japan, and China | 14.1% | $8.9B |
From the report's structured data (XBRL), not from the language model. The sum can differ slightly from group revenue.
Cisco groups its products and technologies into four categories: Networking, Security, Collaboration and Observability.
Our products and technologies are grouped into the following categories: Networking, Security, Collaboration and Observability.Besides its products, Cisco provides services over the product lifecycle, including technical support and professional services.
In addition to our product offerings, we provide a broad range of services over the lifecycle of our products, including technical support services and professional services.Cisco's switching portfolio covers campus switching and data center switching.
Our switching portfolio encompasses campus switching as well as data center switching.Cisco's financing arrangements include loans, leases and channel financing.
Our financing arrangements include loans, leases (sales-type, direct financing and operating) and channel financing arrangements.Cisco's customers include businesses of all sizes, public institutions, governments and service providers, including hyperscalers.
Our customers include businesses of all sizes, public institutions, governments, and service providers, including hyperscalers.One customer market is Service Provider and Cloud, covering carriers, hyperscalers, and Internet, cable and wireless providers.
Service Provider and Cloud includes regional, national, and international wireline carriers and hyperscalers, as well as Internet, cable, and wireless providers.Public sector customers include federal, state and local governments and educational institutions.
Public Sector includes federal, state and local governments, as well as educational institution customers.Cisco competes with numerous vendors in each product category.
We compete with numerous vendors in each product category.Cisco names these competitors, each only for some of its products or services: Amazon Web Services, Arista Networks, Broadcom, Ciena, CrowdStrike, Datadog, Dell Technologies and Dynatrace, among others.
Our competitors (in each case relative to only some of our products or services) include: Amazon Web Services LLC; Arista Networks, Inc.; Broadcom Inc.; Ciena Corporation; CrowdStrike Holdings, Inc.; Datadog Inc.; Dell Technologies Inc.; Dynatrace Inc.;Cisco has experienced price-focused competition from competitors in Asia, especially China, and expects this to continue.
In particular, we have experienced price-focused competition from competitors in Asia, especially from China, and we anticipate this will continue.Manufacturing capacity and supply limits, such as the memory shortages in fiscal 2026, remain significant risks. Cisco expects rising memory costs to keep having a negative effect.
Manufacturing capacity and supply constraints, such as the memory shortages experienced in fiscal 2026, remain significant risks, and we expect to continue to be adversely impacted by the rising costs of currently constrained memory components.Sales to the service provider and cloud market, including AI infrastructure sales to large cloud and hyperscaler customers, are especially volatile and may be concentrated among a limited number of customers.
Sales to the service provider and cloud market, including sales of AI infrastructure solutions to large cloud and hyperscaler customers, are especially volatile and may be concentrated among a limited number of customers.Certain of Cisco's largest customers, including hyperscalers, have the resources to design their own networking equipment, semiconductors and software, or to buy directly from contract manufacturers.
Certain of our largest customers, including hyperscalers, have the technical and financial resources to design their own networking equipment, semiconductors and software, or to purchase directly from contract manufacturers, rather than purchase these technologies from us.Agentic AI systems, which act on their own and can access several tools and data sources, may bring risks such as unauthorized actions, privilege escalation, and exploitation by malicious actors.
Agentic AI systems, which operate with autonomous decision-making capabilities and access to multiple tools and data sources, may also introduce unique risks such as unauthorized actions, privilege escalation, and potential exploitation by malicious actors.Since the last quarter
Q2 → Q3 2026
7 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, FCF margin, Net debt, Shares outstanding, Return on equity
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 26.38% | 14.60% | Rank 73 |
| Return on capital (Greenblatt) | 556.81% | 29.77% | Rank 98 |
| EBIT margin | 24.27% | 17.40% | Rank 69 |
| FCF margin | 20.16% | 18.54% | Rank 58 |
| Gross margin | 64.52% | 48.47% | Rank 69 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 11.77% | 12.70% | Rank 46 |
| Earnings growth, 3 years per year | 2.69% | 9.54% | Rank 33 |
| Earnings growth, 5 years per year | 5.88% | 14.07% | Rank 25 |
| Sustainable growth (ROE × retained earnings) | 2.23% | 2.87% | Rank 42 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 3.55% | 2.64% | Rank 65 |
| FCF yield | 3.35% | 3.06% | Rank 53 |
| EV/saleslower is better | 6.22 | 5.18 | Rank 42 |
| EV/EBITlower is better | 25.65 | 26.24 | Rank 51 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 22.50% | −0.59% | Rank 78 |
| Share price, 6 months | −2.33% | −4.46% | Rank 53 |
| Share price, 3 months | −17.58% | −5.84% | Rank 31 |
| Distance from 52-week high | −27.81% | −33.23% | Rank 59 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | 2.04% | 1.65% | Rank 47 |
| Change in share countlower is better | −0.28% | −0.17% | Rank 52 |
| Dividend streak in years | 14 | 8 | Rank 84 |
| Price reaction to results, market-adjusted | −8.94% | −1.57% | Rank 15 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 38.79% | 53.98% | Rank 29 |
| Net debt/EBITDAlower is better | 0.68 | −0.20 | Rank 30 |
| Debt to equitylower is better | 0.59 | 0.33 | Rank 28 |
| Volatility, 1 yearlower is better | 35.65% | 50.37% | Rank 86 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF, $B | Shares | Net debt, $B |
|---|---|---|---|---|---|
| 2017 | 48.0 | 24.9% | 12.9 | 5.05B | 22.0 |
| 2018 | 49.3 | 25.0% | 12.8 | 4.88B | 16.6 |
| 2019 | 51.9 | 27.4% | 14.9 | 4.45B | 12.9 |
| 2020 | 49.3 | 27.6% | 14.7 | 4.25B | 2.8 |
| 2021 | 49.8 | 25.8% | 14.8 | 4.24B | 2.4 |
| 2022 | 51.6 | 27.1% | 12.7 | 4.19B | 3.5 |
| 2023 | 57.0 | 26.4% | 19.0 | 4.11B | −1.7 |
| 2024 | 53.8 | 22.6% | 10.2 | 4.06B | 23.5 |
| 2025 | 56.7 | 20.8% | 13.3 | 4.00B | 19.7 |
| 2026 | 63.3 | 24.3% | 12.8 | 3.99B | 22.3 |
5 of 7 StockScorer Score rules met · How the score is built
Cisco Systems Inc mainly meets criteria in the Profitability category. Result from 18 strategies checked.
Cisco Systems Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
5 of 7 rules met
8 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for Cisco Systems Inc.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 28.2 | 35.1 |
| P/B ratio | 7.4 | 5.5 |
| Return on equity (ROE) | 26.4% | 14.6% |
| Equity ratio | 38.8% | 54.0% |
| Debt-to-equity (D/E) | 0.59 | 0.33 |
| Dividend yield | 1.8% | 0.9% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| CSCO | Cisco Systems Incthis page | |
| 601138.SS | Foxconn Industrial Internet Co Ltd | locked |
| MSI | Motorola Solutions Inc | High6.4 |
| 300308.SZ | Shandong Zhongji Electrical Equipment Co Ltd | locked |
| HPE | Hewlett Packard Enterprise Co | locked |
| LITE | Lumentum Holdings Inc | locked |
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