Cisco Systems’ security business is thriving with a strong portfolio, including SASE and TIDR solutions. Revenues jumped 59% in fiscal 2025 to $8.09 billion. The integration of Splunk enhanced TIDR offerings, driving 9% revenue growth in Q4. Analysts project an 11% growth in service revenues for Q1 fiscal 2026.

However, Cisco faces tough competition from Fortinet and Okta in the security domain. Fortinet boasts an innovative portfolio and leadership in multiple Gartner Magic Quadrants. Okta offers AI-powered capabilities and strong demand for new products. Cisco’s stock has underperformed, trading at a premium with a Value Score of C.

Despite competition, Cisco remains optimistic with a Zacks Rank #2 (Buy) and steady earnings growth projections. The Zacks Consensus Estimate for fiscal 2026 earnings stands at $4.04 per share, indicating 6% growth. The company is well-positioned in the semiconductor market, poised for further growth with expanding customer base and strong earnings performance.

Read more at Nasdaq: Strong Portfolio Aids Cisco’s Security Revenues: More Upside Ahead?