Piper Sandler analysts lowered their price target for network equipment provider Cisco from $132 to $125, citing concerns that the industry's growth may have peaked, leading to lower P/E ratio expectations. Cisco's stock price consequently fell by about 5% on Tuesday. Although Cisco's fiscal year 2027 guidance, released in August, projected revenue growth of nearly 15%, analysts believe sales growth will revert to single digits, a forecast that Piper analysts called "conservative."