Cisco Systems, Inc. (CSCO) Stock

Cisco Systems, Inc. (CSCO) is a Technology stock trading at $111.97 (as of 2026-07-17), with a market capitalization of $441.30B and a trailing P/E of 36.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol–based networking and communications technology, including switching, routing, wireless, security, and collaboration offerings such as Webex. Its products support campus, data center, and branch networks for customers across multiple regions.

Understand Cisco Systems, Inc.: how it makes money

Cisco designs, manufactures, and sells IP based networking and related communications and information technology products, plus software and services, and makes money by selling these offerings to enterprise and other customers.

Cisco has a profit model anchored in recurring revenue plus contract visibility, with Annual Recurring Revenue of 31.2B supported by Remaining Performance Obligations of 21.7B (short-term) and 11.8B (long-term), while it also continues to generate the majority of revenue from Product (12.1B).

Revenue by segment (latest quarter)
Product$12.1B
Services$3.7B

Business quality (Solid): Strength is recurring revenue and visibility tied to remaining performance obligations, balanced by the fact that product revenue still represents a large share of total revenue, so results depend on product demand and execution of backlog.

Valuation: At 40× earnings, CSCO trades 27% above the Tech Hardware average (32×). Note: one-time items can distort reported P/E.

Bull case

  • Recurring revenue base: Annual Recurring Revenue is 31.2B, which can help smooth revenue over time compared with purely one-time product buying.
  • Contract visibility: Remaining Performance Obligations are 21.7B short-term and 11.8B long-term, giving a measurable forward-looking component to recognized revenue.

Bear case

  • Dependence on product sales alongside recurring metrics: Product revenue is 12.1B, so performance can still be exposed to changes in product demand even with strong recurring measures.
  • Backlog conversion risk: Remaining Performance Obligations represent commitments that must convert into revenue recognition, so execution or demand shifts can affect how that backlog plays out.
Valuation — source: SEC EDGAR (first-party)
Price$111.97
Market Cap$441.30B
P/E Ratio36.9
EV / EBITDA32.8
Price / Book9.03
Price / Sales7.26
FCF Yield2.3%
DCF Value (model)$34.17
DCF Upside vs Price-69.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$56.65B
Net Margin18.0%
Revenue Growth (YoY)12.0%
EPS Growth (YoY)34.9%
FCF Growth (YoY)-16.2%
Financial Health — source: SEC EDGAR
Altman Z-Score4.30 (safe)
Piotroski F-Score9/9 (strong)
Valuation vs Sector & Industry
Stock P/E36.9
Sector P/E (Technology)34.7
Industry P/E (Computers)30.9
vs Sector6.4%
vs Industry19.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)46
Top Institutional HolderVANGUARD GROUP INC ($30.73B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryComputers
CEOCharles H. Robbins
Employees90,400
CountryUS
IPO Date1990-02-16

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials) + SaaS / Subscription Software (Enterprise); 8 closest by market cap; US-domiciled)

  • Palo Alto Networks, Inc. (PANW)
  • Dell Technologies Inc. (DELL)
  • Arista Networks, Inc. (ANET)
  • International Business Machines Corporation (IBM)
  • Western Digital Corporation (WDC)
  • Hewlett Packard Enterprise Company (HPE)
  • F5, Inc. (FFIV)
  • HP Inc. (HPQ)
CSCO earnings history · CSCO institutional & insider holders · CSCO KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.