Cisco Systems (CSCO) Downgraded Due to AI Transparency Concerns

Cisco Systems (CSCO) was downgraded by Evercore ISI from Outperform to In Line due to concerns about transparency in its AI business.

• Cisco disclosed over $600 million in AI-related orders, but analysts flagged a lack of clarity on actual revenue recognition.
• Evercore believes the absence of detailed AI financials makes it hard to justify further upside.

Stock quote: CSCO is trading at $67.71, down $0.98 (−1.43%) intraday.

Takeaway:
Despite strong AI order flow, Cisco’s limited disclosure on monetization is now a concern for analysts seeking earnings visibility.