Cisco Systems’ Security revenues fell 2% to $1.98 billion in Q1 of fiscal 2026 due to customer shift to cloud subscriptions and lower revenues from prior generation products. New products expected to boost growth. Splunk gaining traction with double-digit growth. Zacks predicts 2.6% growth in service revenues for Q2.

Cisco faces competition from Fortinet and Okta in the security domain. Fortinet’s AI-powered security operations business is expanding rapidly, while Okta offers AI-powered capabilities. Okta expects 11% revenue growth for fiscal 2026.

Cisco stock has underperformed the sector with a 30.8% increase in share price. Valuation shows overvalued stock with a trailing price/book of 6.49X. Zacks estimates 8.5% growth in earnings for Q2 of fiscal 2026.

Zacks predicts 7.6% earnings growth in fiscal 2026 for Cisco. The company carries a Zacks Rank #3 (Hold). Quantum computing stocks are set to soar, offering significant wealth-building opportunities. Position your portfolio for gains in this technological revolution with the right stocks.

Read more at Nasdaq: CSCO’s Security Revenues Decline: Can Strong Portfolio Revive Growth?