Cisco down; HSBC downgrades to 'hold' and cuts PT

Cisco Systems

14/08/2026 16:37

** Cisco's shares fall 2.5% to $110.66
** Brokerage HSBC downgrades the networking equipment maker CSCO.O to "hold" from "buy" and lowers PT to $120 from $137
** Cisco's earnings growth is likely to slow after Q1 FY27, limiting room for further earnings upgrades - brokerage
** HSBC expects the company's networking revenue to rise 24.2% in FY27, helped by strong demand from large cloud-computing customers
** Cisco on Wednesday forecast fiscal 2027 revenue above Wall Street expectations
** 17 of 27 brokerages rate the stock "buy" or higher, and 10 "hold"; median PT is $133.50 - data compiled by LSEG
** Stock has risen 47% this year, through close on Thursday 

 (Reporting by Prathik Jayaprakash in Bengaluru)
 ((Prathik.Jayaprakash@thomsonreuters.com))