On August 13, Cisco fell 8.26% in regular trading, trading at $114.605/share, with turnover of $475 million.

On the news front, Cisco reported Q4 FY2026 results after market close, with revenue of $17.25 billion (up 18% YoY) and adjusted EPS of $1.22 (up 23% YoY), both exceeding Wall Street estimates. Q1 FY2027 revenue guidance of $18.0-18.2 billion also far surpassed the consensus estimate of $16.84 billion. AI infrastructure orders reached approximately $4 billion in Q4, with hyperscaler orders achieving triple-digit growth.

Despite the strong beat, shares initially surged nearly 8% after hours before reversing sharply. Market participants questioned the sustainability of AI orders and viewed the FY2027 AI revenue guidance of $7.5 billion as conservative. With the stock having rallied approximately 61% year-to-date, crowded AI positioning and fully priced-in expectations prompted short-term investors to lock in profits. Goldman Sachs also flagged concerns over margin guidance, while Morgan Stanley raised its price target to $135 and Barclays adjusted to $123.

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