Cisco Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Cisco Systems, Inc. (NASDAQ:CSCO) will release earnings for its first quarter after the closing bell on Thursday, Nov. 12.

Analysts expect the San Jose, California-based company to report quarterly earnings of $1.32 per share, up from $1.00 per share in the year-ago period. The consensus estimate for CSCO’s quarterly revenue is $18.12 billion. It reported $14.88 billion last year, according to Benzinga Pro.

On Oct. 9, Cisco named Girish Rishi to its board of directors.

Cisco shares gained 2.7% to close at $100.76 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Meta Marshall downgraded the stock from Overweight to Equal-Weight and cut the price target from $135 to $120 on Nov. 5, 2026. This analyst has an accuracy rate of 72%.
• Piper Sandler analyst James Fish maintained a Neutral rating and lowered the price target from $132 to $125 on Sept. 22, 2026. This analyst has an accuracy rate of 72%.
• HSBC analyst Stephen Bersey downgraded the stock from Buy to Hold and cut the price target from $137 to $120 on Aug. 14, 2026. This analyst has an accuracy rate of 63%.
• UBS analyst David Vogt maintained a Buy rating and raised the price target from $132 to $138 on Aug. 13, 2026. This analyst has an accuracy rate of 53%.
• Truist Securities analyst Matthew Niknam maintained a Buy rating and raised the price target from $125 to $140 on Aug. 13, 2026. This analyst has an accuracy rate of 60%.

Considering buying CSCO stock? Here’s what analysts think:

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