Just a minor coincidence with CoreWeave -19% on the day (but still multiples higher than it debuted just months ago). Cisco looks a bit overheated coming into today’s results - it hasn’t traded 18x forward earnings into a print since 2008:
Needless to say, we will have to see upside to forward revenue and EPS for a positive stock response this evening. Here are Consensus expectations for the 4Q, 1Q’26, and FY’26:
