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Cisco shares dip, offering a buy before Oct 2 dividend record date amid strong AI-driven growth.

Market News
30 Sep 2026
24/7 Wall Street
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Bullish
Cisco shares dip, offering a buy before Oct 2 dividend record date amid strong AI-driven growth.

Cisco's stock recently pulled back, presenting a buying opportunity before the October 2 record date for its next 42-cent quarterly dividend. The company benefits from accelerating growth driven by AI data center demand, with fiscal 2026 revenue up nearly 12% and AI infrastructure orders growing 4.5 times year-over-year. Cisco has raised its dividend for 15 straight years and maintains strong cash flow and capital returns. Despite some margin pressures and cautious guidance, the outlook remains positive with a Nov 12 earnings report expected to confirm ongoing growth in AI networking.

Cisco Systems Inc trades at USD 108.28 on Pluang as of Sep 30, 2026 22:11 WIB, up 1.25% for the day. The stock shows strong investor interest with 100% buy orders and a dividend yield of 1.57%. Its market cap stands at $421.62 billion, reflecting its significant presence in the technology sector.

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