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Home/News Feed/Cisco shares jump 17% after raising AI infrastructure order target to $9B, beating Q3 earnings.
CSCO
$110.94
-$0.83 -0.74%

Cisco shares jump 17% after raising AI infrastructure order target to $9B, beating Q3 earnings.

Company Fundamentals
14 May 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Cisco's shares surged about 17% following its fiscal Q3 report, driven by a raised AI infrastructure order target from $5 billion to $9 billion and revenue guidance increase to nearly $63 billion. The company reported record Q3 revenue of $15.84 billion and a fourth consecutive EPS beat, signaling strong demand for its AI-related products. Cisco's move challenges competitors like Arista and validates sector growth, while the company plans job cuts to focus on AI and security technologies. Investors will watch if the stock maintains gains and how peers respond in upcoming earnings.

More News (CSCO)

Cisco Systems rated a buy with 21% upside on AI and tech upgrades driving growth through 2027.

Cisco Systems rated a buy with 21% upside on AI and tech upgrades driving growth through 2027.

An analyst rates Cisco Systems as a buy with a $147 price target, suggesting 21% upside from its current price of $121. The positive outlook is based on growth drivers like hyperscaler AI infrastructure, enterprise AI orders, Wi-Fi 7, smart switches,...

Analyst Insights
Bullish
2 days ago
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