Cisco Guides FY27 Revenue to $72.2B-$73.4B, Beating Street by $3.5B+
CSCO sits 91% above its 52-week low of $65.75.
Summary
Cisco issued fiscal 2027 revenue guidance of $72.2 billion to $73.4 billion, well above the $68.69 billion consensus. The midpoint implies roughly 6% growth over the prior year, driven by continued AI networking demand. This follows the company's raised hyperscaler revenue goal to $9 billion and strong Q3 results with increased inventory commitments. The guidance beat is material and likely to support the stock near its 52-week high. Watch for further AI order commentary on the next earnings call.
At the time of this announcement, CSCO was trading at $125.82 on NASDAQ in the Technology sector, with a market capitalization of approximately $488.3B. The 52-week trading range was $65.75 to $130.37. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.