CSCO
NASDAQ · Technology · Communication Equipment · US
Research · Nov 4, 2026
Cable Operators Choose DOCSIS 4.0 Upgrades Over Fiber Builds
Harmonic and Liberty Global say cable operators are upgrading HFC to DOCSIS 4.0 instead of building fiber; Liberty puts the cost at one-tenth of fiber.
Research · Oct 29, 2026
Hardware Procurement Shifts Toward Prepayment and Multiyear Supply Deals
Ericsson and five hardware peers are prepaying, stockpiling, signing multiyear supply deals, or repricing as AI demand tightens memory supply.
Research · Oct 20, 2026
[CSCO] Cisco: Q1 FY2027 earnings preview on AI order conversion and margins
Cisco grew Q4 FY2026 revenue 18% to $17.25 billion on 28% Networking growth; Q1 tests whether $9.3 billion of AI orders convert while gross margin holds 65%-66%.
Research · Sep 3, 2026
[CSCO] Cisco Thesis 2026: Splunk Integration + AI Infrastructure Test Software Transition
Cisco FY2025 (Jul 2025) revenue ~$54B with adj. operating margin ~31% as Splunk acquisition (closed March 2024 for $28B) full-year contribution lifted Security and Observability segments. Subscription mix expanded to 56% (from 44% FY2021) — software/subscription transformation accelerating. AI infrastructure orders reached ~$1B FY2025 with management targeting $3B+ by FY2027. FY2026 thesis: Splunk integration delivering ~$1B cost synergies by FY2027 (currently ~$300-400M realized) plus growing revenue synergies; AI infrastructure share capture (Cisco Silicon One + AI-optimized switches) addressing hyperscaler + enterprise AI deployment networking; networking demand stabilization; key risks: Arista Networks AI infrastructure share gain at Cisco's expense, Splunk customer churn post-acquisition, enterprise networking demand cycle.
Research · Aug 27, 2026
Data Center Interconnection Expands With AI Scale-Across Traffic
Cisco sees AI scale-across traffic at 14 times traditional DCI, while Dycom reports over $1 billion of contracted fiber work connecting data centers.
Research · Apr 23, 2026
Oracle, IBM Spur Legacy Tech Rally With 20% AI Cloud Revenue Share
Legacy enterprise tech like Oracle and IBM scale AI cloud to 15-22% of revenue, beating estimates by 18%, yet trade at 2-3x lower multiples than pure-plays. Cisco's 52-week high underscores the theme amid spiking coverage. Long ORCL/IBM/CRM relative to index targets 10-15% over 6 months, breaks on sub-15% AI growth in Q1 FY2027.