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Stocks/Information Technology/Communications Equipment

CiscoCSCO

Communications Equipment · San Jose, California · In the S&P 500
Solid business
$104.51−3.76%After hours: $104.40 (−0.11%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 46.5% over 1 year
Cisco over 1 yearDaily close, $, to 30 Oct 2026
$80$100$120Nov2026MarMayJulSep$104.51$75$125NovMarJul$104.51
Source: Nasdaq daily closes
Market value$412B
Price to earnings31.4x
Forward P/E20.4x
Dividend yield1.61%
Year to date+35.7%
One year+46.5%
Next earningsWed 11 Nov
SectorInformation Technology
52-week range (closes)
$71.04$130.00

Quality and valuation

How Cisco compares with other information technology stocks. A description, not a recommendation.

Cisco and 5 communications equipment peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among information technology companies, priced about in line with them.

Cisco trades at 20.4 times the next 12 months of expected earnings, against a median of 22.2x for the 99 information technology stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +11.8% vs +20.6%
  • Keeps more of each sale (gross margin): 64.5% vs 61.5%
  • More profitable (operating margin): 24.3% vs 17.0%
  • Turns less of its sales into cash: 20.2% vs 21.7%
CSCO trades at 20.4x forward earnings, below the sector medianForward p/e, Communications Equipment peers
FFIV19.6xCSCO20.4xMSI27.1xCIEN30.8xANET36.4xLITE38.6xSector median 22.2xFFIV19.6xCSCO20.4xMSI27.1xCIEN30.8xANET36.4xLITE38.6xSector median 22.2x
Source: CNBC quotes; Mostly Markets
At 31.3x earnings, CSCO is pricier than its average since Sep 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x40xAverage 29.1x2025202631.3x20x40xAverage 29.1x2025202631.3x
Source: Nasdaq prices; SEC filings

Financials

From Cisco's SEC filings, through the quarter ending 25 Jul 2026. Hover or tap a bar for its value.

Revenue grew 17.6% from a year earlierQuarterly revenue, $bn, latest Q4 ’26
$0bn$5bn$10bn$15bnQ1 ’25Q3 ’25Q1 ’26$17.2bnQ4 ’26$0bn$10bnQ1 ’25Q3 ’25Q1 ’26$17.2bnQ4 ’26
Source: SEC filings
Growth sped up to +17.6% last quarterRevenue growth, year on year, %
0%10%Q1 ’25Q3 ’25Q1 ’2617.6%Q4 ’260%10%Q1 ’25Q3 ’25Q1 ’2617.6%Q4 ’26
Source: SEC filings
Operating margin was 24.7% last quarterOperating income as a share of revenue, %
0%10%20%Q1 ’25Q3 ’25Q1 ’2624.7%Q4 ’260%10%20%Q1 ’25Q3 ’25Q1 ’2624.7%Q4 ’26
Source: SEC filings
Free cash flow was $12.8 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$2bn$4bnQ1 ’25Q3 ’25Q1 ’26$5.0bnQ4 ’26$0bn$2bn$4bnQ1 ’25Q3 ’25Q1 ’26$5.0bnQ4 ’26
Source: SEC filings
Last 12 monthsCSCOSector median
Revenue growth+11.8%+20.6%
Gross margin64.5%61.5%
Operating margin24.3%17.0%
Free cash flow margin20.2%21.7%
Price to earnings31.4x33.1x

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Similar companies

Communications Equipment, by market value.

CompanyPriceTodayYTDValue
ANETArista Networks$168.86−8.34%+28.9%$213B
MSIMotorola Solutions$491.53−0.11%+28.2%$81.34B
LITELumentum$840.70−8.57%+128.1%$76.15B
CIENCiena$320.72−8.22%+37.1%$45.48B
FFIVF5$338.34−6.91%+32.5%$19.22B