Why Cisco Systems, Inc. (CSCO) stock moved
Cisco Systems, Inc. (CSCO) shares tumbled 6.2% to $95.64 as of November 14, 2026, a significant decline from the prior close of $102.01. BestStocks flagged the session as a material change for CSCO. Below, we break down what changed for CSCO, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
CSCO fell 6.2% to $95.64
Cisco shares fell 8.4% on August 13, 2026, the day after the company reported record fiscal Q4 revenue of $17.3 billion and beat earnings expectations with $1.22 non-GAAP EPS, plus $4 billion in AI infrastructure orders. The sell-off was driven by a 210 basis point compression in non-GAAP gross margins year-over-year due to higher memory costs and a hardware-heavy product mix, combined with profit-taking after the stock had rallied over 60% year-to-date and conservative forward guidance that disappointed investors expecting stronger AI-driven growth.
What it means for Cisco Systems, Inc. investors
For Cisco Systems, Inc. investors, the recent signals add up to a bearish shift. Weighing against that: Sharp 6.2% decline — elevated risk; New SEC filing — review for material disclosures. Wall Street's consensus price target sits at $133.69, implying +39.8% upside from $95.64. Over the past 90 days analysts logged 1 upgrade and 1 downgrade. BestStocks rates the overall signal quality low (55/100). With earnings roughly 88 days out, the next report is the most likely near-term test of the move.
CSCO price reaction
CSCO last traded at $95.64, down $6.37 (-6.24%) from the previous close of $102.01. The session traded on 1.5× average volume (normal), so participation was unremarkable.
Bullish and bearish analyst opinions on Cisco Systems, Inc. (CSCO)
The consensus analyst price target on Cisco Systems, Inc. (CSCO) is $133.69, 39.8% above the recent $95.64. Over the past 90 days analysts logged 1 upgrade, 1 maintain, and 1 downgrade. Here is how the bullish and bearish cases on CSCO line up.
The bullish case
- Wall Street's consensus price target of $133.69 implies +39.8% upside from $95.64.
- The Street's most bullish target is $150.00 (+56.8%).
- 1 analyst upgrade in the past 90 days, most recently Deutsche Bank to Buy (2026-09-01).
The bearish case
- 1 analyst downgrade in the past 90 days, most recently Morgan Stanley to Equal Weight (2026-11-05).
- Sharp 6.2% decline — elevated risk.
Weighing both sides, BestStocks' composite read of recent signals is bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Nov 14, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Previous notable changes for CSCO
In-depth CSCO event analyses
Frequently asked questions about CSCO
Why did Cisco Systems, Inc. (CSCO) stock move?
Cisco shares fell 8.4% on August 13, 2026, the day after the company reported record fiscal Q4 revenue of $17.3 billion and beat earnings expectations with $1.22 non-GAAP EPS, plus $4 billion in AI infrastructure orders. The sell-off was driven by a 210 basis point compression in non-GAAP gross margins year-over-year due to higher memory costs and a hardware-heavy product mix, combined with profit-taking after the stock had rallied over 60% year-to-date and conservative forward guidance that disappointed investors expecting stronger AI-driven growth.
How much did CSCO stock fall?
CSCO lost 6.24% ($6.37) versus the prior close of $102.01, last trading at $95.64 on 1.5× average volume.
When is Cisco Systems, Inc.'s next earnings date?
CSCO's next earnings report is estimated for 2027-02-10 — about 88 days away.
What is the analyst price target for CSCO?
The consensus analyst price target for CSCO is $133.69, about 39.8% above the current $95.64. Over the past 90 days, analysts recorded 1 upgrade, 1 maintain, and 1 downgrade.
How BestStocks tracks CSCO
This page is generated automatically by BestStocks' change-detection system after its price and volume cleared CSCO-specific materiality thresholds, triggering an evidence check. It draws on 20 tracked change events for CSCO, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of November 14, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.