CSCO Stock Surges 7.6% With A 6-day Winning Spree On Evercore Upgrade To $100
Cisco Systems (CSCO) – a provider of networking, collaboration, IoT, and analytics products – hit 6-day winning streak, with cumulative gains over this period amounting to a 7.6%. The company market cap has surged by about $22 Bil over the last 6 days, and currently stands at $312 Bil.
The stock has YTD (year-to-date) return of 3.1% compared to 1.9% for S&P 500. This calls for a re-evaluation of the stock’s valuation to find out whether this is an opportunity, or a trap.
What Triggered The Rally?
[1] Evercore ISI Analyst Upgrade
- Rating lifted from ‘In-Line’ to ‘Outperform’
- Price target significantly increased from $80 to $100
- Impact: Stock rose 3.2% on the day of the announcement, Increased investor confidence and trading volume
[2] Technical Breakout
- Daily RSI momentum indicator staged a bullish breakout
- Share price crossed above its 20-day and 50-day moving averages
- Impact: Bullish momentum indicated by key technical indicators, Attracted momentum traders and algorithmic buying
Opportunity or Trap?
Below is our take on valuation.
There is a near-equal mix of good and bad in CSCO stock given its overall Moderate operating performance and financial condition. But keeping in mind its High valuation, we think that the stock is Unattractive (For details, see Buy or Sell CSCO).
But here is the real interesting point.
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Returns vs S&P 500
The following table summarizes the return for CSCO stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | CSCO | S&P 500 |
|---|---|---|
| 1D | 0.4% | -0.0% |
| 6D (Current Streak) | 7.6% | 2.7% |
| 1M (21D) | 1.0% | 0.7% |
| 3M (63D) | 11.2% | 1.5% |
| YTD 2026 | 3.1% | 1.9% |
| 2025 | 33.5% | 16.4% |
| 2024 | 21.0% | 23.3% |
| 2023 | 9.3% | 24.2% |
Gains and Losses Streaks: S&P 500 Constituents
There are currently 55 S&P constituents with 3 days or more of consecutive gains and 80 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 36 | 38 |
| 4D | 7 | 24 |
| 5D | 4 | 15 |
| 6D | 6 | 0 |
| 7D or more | 2 | 3 |
| Total >=3 D | 55 | 80 |
Key Financials for Cisco Systems (CSCO)
Last 2 Fiscal Years:
| Metric | FY2024 | FY2025 |
|---|---|---|
| Revenues | $53.8 Bil | $56.7 Bil |
| Operating Income | $13.0 Bil | $12.5 Bil |
| Net Income | $10.3 Bil | $10.2 Bil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ4 | 2026 FQ1 |
|---|---|---|
| Revenues | $14.7 Bil | $14.9 Bil |
| Operating Income | $3.1 Bil | $3.5 Bil |
| Net Income | $2.5 Bil | $2.9 Bil |
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