CS
Cisco Systems
CSCO · Technology Hardware & Networking
Company brief
CS
CSCOTechnology Hardware & Networking$201.5B

Cisco Systems

Leading provider of networking hardware, software, and services for enterprise infrastructure, security, and collaboration

Moat score
85/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$116
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
+84%

Positive price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
20.8x

Forward P/E around 20.8x means investors pay about $20.8 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
39.0x

A P/E around 39.0x means investors pay about $39.0 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$3
Market Cap
$466.9B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

Cisco keeps monetizing its installed base through networking, security, collaboration, and observability, while the market focuses on whether forward earnings can justify the current multiple.

Watch signal

Forward P/E around 20.8x stays aligned with steady growth and durable customer retention.

What you own

Cisco Systems is exposure to technology hardware & networking operating model with high switching costs and 108% net revenue retention.

Base thesis

Mission-critical network infrastructure creates 98%+ customer retention

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

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Investor Snapshot
85Moat Score
Net Revenue Retention108%
Retention RiskLow
AI Disruption RiskMedium
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • Mission-critical network infrastructure creates 98%+ customer retention
  • Proprietary IOS and DNA Center lock customers into Cisco ecosystem
  • Enterprise switching dominance with 60%+ market share creates network effects
  • Hardware-software integration makes competitive displacement extremely costly
  • Recurring software subscriptions and support contracts drive predictable revenue
  • AI/ML capabilities in network automation create competitive differentiation