Cisco Systems, Inc. (CSCO) reported record sales of $15.8 billion for its latest quarterly results on May 15, 2026, marking a 35% year-over-year increase in overall product orders. The company’s strong performance was bolstered by a 40% rise in data center switching orders, driven by growing demand for AI infrastructure. Cisco’s shares have surged nearly 60% in 2026 following these favorable results, and it currently holds a Zacks Rank #1 (Strong Buy).
In addition to robust sales growth, Cisco has consistently increased its dividend, now yielding 1.4% annually, with a five-year annualized growth rate of 2.6%. The company is positioned to capitalize on the ongoing demand for its technology, making it an attractive option for investors seeking both growth and income.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
