Cisco Just (Finally) Set New All-Time Highs. Is CSCO Stock a Buy for February 2026?

Core Insights - Cisco Systems has reached a significant milestone by surpassing its dot-com era stock peak, largely driven by its renewed focus on artificial intelligence (AI) [1] - The stock achieved a 52-week high of $84.24, supported by enterprise network refresh cycles and increased investment in AI infrastructure [2] - Recent trading momentum indicates a 3.3% gain over the past five days, reflecting growing confidence in Cisco's ability to leverage its core networking business while exploring AI opportunities [3] Financial Performance - Cisco's CEO Chuck Robbins anticipates $3 billion in AI infrastructure revenue from hyperscale customers by fiscal 2026, following over $2 billion in AI-related orders last year [4] - Over the past 52 weeks, Cisco's shares have increased by nearly 33%, with a 19.1% rise in the last six months and an additional 7.27% in the past month [6] Valuation and Dividends - Cisco stock is currently trading at 24.46 times forward adjusted earnings, which is below the industry average, indicating potential for appreciation [8] - The company has consistently raised dividends for 14 consecutive years, currently paying $1.64 per share annually, yielding 1.97% [8]