Cisco stock rises 3.2% after Q1 FY27 earnings announcement

Cisco stock rises 3.2% after Q1 FY27 earnings announcement
Cisco stock rises 3.2% to $104

Cisco announced first quarter fiscal 2027 earnings, reporting revenue of $18.5 billion and GAAP EPS of $1.14. Shares are up 3.2% on the day at $104.

CSCO price prediction
24H 0.29%
$95.28
48H 0.24%
$95.23
7D -0.48%
$94.54
1M -18.55%
$77.38
3M -16.78%
$79.06
6M -14.71%
$81.03
12M 18.99%
$113.04
Current price: $95 -6.7900 6.67%
Closed 11/13
Daily range 95.26 Arrow from to Icon 100.75
Weekly range 95.26 Arrow from to Icon 103.18
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Highlights

  • Cisco reported first quarter fiscal 2027 revenue of $18.5 billion and GAAP EPS of $1.14, citing strong demand for AI infrastructure and networking growth.
  • Shares of Cisco are up 3.2% on the day at $104, and the company holds a market value near $388.93 billion on trailing revenue of $63.32 billion.
  • 74 of 112 analysts rate Cisco stock a buy, with a median price target of $135 about 29.8% above the current level.

Cisco announced its first quarter fiscal 2027 earnings, reporting revenue of $18.5 billion. According to Yahoo! Finance, the quarter's performance has been influenced by strong demand for AI infrastructure, investments from hyperscalers, and networking growth in the face of rising costs and competition.

Uncertainty dominates as Cisco tests resistance and chart signals split

Price is sitting right at resistance from the MA-20 at $104.49. Shares of Cisco have climbed back above the MA-200 but remain below both the MA-20 and MA-50, creating a split daily chart structure that highlights ongoing uncertainty at this technical crossroads.

Odds favor downside this week as buyers face key level

To gauge whether the revenue-driven move is being sustained, traders should watch for a close above $104.49. During the session, Cisco stock reclaimed the MA-200 at $102.15 after previously closing below it. Even so, the probabilities over the coming trading week stand at 33% for further upside and 67% for downside, with an expected trading range between $100.03 and $107.96. A close above $104.49 would confirm buyers are pushing the move further, while a drop below $102.27 would indicate the rebound is being reversed. On the weekly chart, the longer-term picture remains constructive.

Earlier, analysts noted that Cisco's shares were technically range-bound as investors weighed the impact of new AI partnerships and upcoming earnings. With first-quarter results now released and shares testing critical resistance at $104.49, the upcoming sessions will hinge on whether buyers can force a sustained breakout above this level.

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