AllAnalyst Report
logoMorningstarSeptember 15, 2021

Cisco Systems, Inc.: Cisco’s Investor Day Reaffirms Software and Recurring Revenue Push; Raising FVE to $54

Symbols
CSCO
Sector(s)
Technology
Rating
Current Price
$56.28
Fair Value
Economic Moat
Stewardship
Summary

Cisco Systems, Inc. is the world's largest hardware and software supplier within the networking solutions sector. The infrastructure platforms group includes hardware and software products for switching, routing, data center, and wireless applications. Its applications portfolio contains collaboration, analytics, and Internet of Things products. The security segment contains Cisco's firewall and software-defined security products. Services are Cisco's technical support and advanced services offerings. The company’s wide array of hardware is complemented with solutions for software-defined networking, analytics, and intent-based networking. In collaboration with Cisco's initiative on growing software and services, its revenue model is focused on increasing subscriptions and recurring sales.

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Analyst Profile

Mark Cash

Equity Analyst
Mark Cash is an equity analyst on the technology, media, and telecom team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers networking and wireless equipment stocks.Before joining Morningstar in 2018, Cash spent eight years at a leading LED technology company as a product manager with profit-and-loss responsibility after various product development roles.Cash holds a bachelor’s degree in electrical engineering from Northeastern University’s College of Engineering. He also holds a Master of Business Administration, with a finance concentration, from the University of North Carolina’s Kenan-Flagler Business School.