Arabic version: تراجع أسهم سيسكو بعد خفض بايبر ساندلر للسعر المستهدف
According to Cnbc, Cisco shares dropped almost 5% on Tuesday after Piper Sandler lowered its price target for the networking equipment vendor to $125 from $132. The shares closed at $106.44.
Piper Sandler analysts pointed to lower expectations for Cisco’s price-to-earnings multiple, citing concerns that growth in the industry is peaking. Cisco had reached a record high in June and remains up 57% over the past 12 months, following a revenue surge connected to the artificial intelligence boom.
Last month, Cisco reported fourth-quarter revenue of $17.25 billion, exceeding a $16.8 billion estimate from LSEG. The company also issued FY2027 guidance during its August earnings call that projected nearly 15% revenue growth.
That outlook received a lackluster response from analysts, who argued that sales growth would return to single digits. Piper analysts described Cisco’s projection as “conservative” given greater market demand. Cisco CEO Chuck Robbins said the company was entering a new fiscal year in “incredible markets,” while also planning to begin the year “a little bit prudent.”
Hyperscalers contributed about $4 billion in Cisco revenue in fiscal 2026. Cisco expects that figure to almost double to $7.5 billion in fiscal 2027, underscoring the company’s exposure to spending by large technology companies funding AI infrastructure.
