Cisco Q4 Preview: Stock Up 60% in 2026, Market Expert Sees 64% More Upside After Earnings

Cisco Systems (NASDAQ: CSCO ) stock has rallied in 2026 and the company looks to build on that momentum after reporting fourth-quarter financial results Wednesday after market close.

Here are the earnings estimates, what experts are saying ahead of the report and the key items to watch. • Cisco Systems stock is showing weakness.

What’s driving CSCO stock lower? Cisco Q4 Earnings Estimates Analysts expect Cisco to report fourth-quarter revenue of $16.82 billion, up from $14.67 billion in last year’s fourth quarter, according to data Pro.

The company has beaten analyst estimates for revenue in four straight quarters and in eight of the past 10 quarters overall.

The estimate for the quarter would set a new company record, surpassing the $15.84 billion reported in the third quarter.

Analysts expect Cisco to report fourth-quarter earnings per share of $1.17, up from 99 cents per share in last year’s fourth quarter.

The company has beaten analyst estimates for earnings per share in four straight quarters and in eight of the past 10 quarters overall.

Read Also: How To Earn $500 A Month From Cisco Stock Ahead Of Q4 Earnings What Experts are Saying Cisco stock is up over 60% year-to-date, but shares remain off their all-time highs of $130.37, something not lost on Freedom Capital Markets Chief Market Strategist Jay Woods. "Earnings reactions have been mixed," Woods said in a weekly newsletter. "The company looks to build upon its 13.4% jump after last quarter’s report when they report on Wednesday.

The average move in the stock is +/- 5.2% after reporting results.

Woods said Cisco stock looks good on the chart with the daily and weekly charts showing "much optimism about a path higher." The market expert sees $110 as support as the stock looks to climb to new all-time highs. "If it can breakout, expect a new leg to accelerate higher over the coming months with upside targets nearing $200." Here are recent analyst ratings for Cisco stock and their price targets: KeyBanc: Maintained Overweight rating, raised price target from $125 to $130 Morgan Stanley: Maintained Overweight, raised price target from $120 to $130 BofA Securities: Maintained Buy rating, raised price target from $135 to $150 Key Items to Watch After beating analyst estimates for revenue and earnings per share for four straight quarters, the pressure on Cisco could be dialed up for the current quarter and forward-looking guidance.

Cisco’s third-quarter revenue was up 12% year-over-year, with product revenue up 17% year-over-year in the quarter.

One of the highlights from the quarter was CEO Chuck Robbins saying Cisco was seeing strong demand for its products, which was also highlighted with the company reporting it had received orders of $5.3 billion year-to-date.

Cisco said it expects total orders of $9 billion in fiscal 2026, up from a prior guidance of $5 billion.

AI infrastructure demand was cited as a reason for the stronger than expected orders.

The company raised its full-year revenue and earnings per share guidance after third-quarter results.

Analysts and investors will be looking for more commentary on total orders for the next fiscal year and an early look at guidance.

Cisco Stock Price Action Cisco stock is down 2.11% to $120.47 on Tuesday versus a 52-week trading range of $65.75 to $130.37.

Cisco shares are up 60.3% year-to-date in 2026.

Read Also: Cisco Stock Roars Back — And These Congress Members Have Skin In The Game Image via Shutterstock