William Blair on Cisco (CSCO): 'persistent competition across its core networking and security portfolios is likely to challenge Cisco'

William Blair analyst Jason Ader reiterated a Market Perform rating and {REMOVEPT} price target on Cisco (NASDAQ: CSCO).

The analyst comments "Stock Thoughts: Cisco shares are trading up roughly 7% after-hours to a price of approximately $79 per share on the guidance raise and positive AI outlook for the fiscal year. At this price, the stock trades at a price-to-earnings multiple of 19 times our calendar 2026 estimates. Cisco continues to benefit from an enterprise refresh cycle in networking and incremental AI revenues from hyperscaler (and increasingly neocloud and sovereign) customers. That said, we believe persistent competition across its core networking and security portfolios is likely to challenge Cisco’s ability to sustain current levels of growth. We reiterate our Market Perform rating."

For an analyst ratings summary and ratings history on Cisco click here. For more ratings news on Cisco click here.

Shares of Cisco closed at $73.96 yesterday.

You May Also Be Interested In

• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c
• Fiserv (FISV) PT Lowered to $60 at Freedom Broker