Cisco Systems reported fiscal Q3 2026 results exceeding Wall Street estimates, driven by strong AI infrastructure demand. Revenue rose 12% year-over-year to $15.84 billion, with adjusted EPS of $1.06 beating forecasts. Product orders surged, especially in networking and data center switching, fueled by hyperscale customers and ongoing upgrades. Cisco raised its full-year revenue outlook to $62.8-$63 billion and adjusted EPS to $4.27-$4.29, highlighting its key role in AI infrastructure and enterprise networking growth. UBS raised its price target to $132, citing operational resilience and sustained AI-driven demand.
Cisco Systems' stock surged 25.36% in one week following a strong Q3 FY26 report showing record revenue and robust AI infrastructure orders raised to $9 billion for FY26. Despite the rally, 24/7 Wall St. sets a 12-month price target slightly below cu...
Cisco is seeing strong investor optimism ahead of its May 13 earnings, driven by solid fundamentals like a 21% rise in networking revenue and $2.1 billion in AI infrastructure orders. However, some caution that the stock may have priced in too much g...
HSBC upgraded Cisco Systems from Hold to Buy and raised its price target to $137, citing accelerating AI infrastructure orders and a fiscal 2027 AI revenue forecast of at least $6 billion. This reflects a shift in Wall Street's view of Cisco from a l...
US stock futures indicate a softer open following a record-breaking session where the S&P 500 and Nasdaq hit new highs and the Dow Jones surpassed 50,000. The rally was driven by strong earnings guidance from Cisco and chip shipment approvals to Chin...
The global fiber optics market, valued at $9.99 billion in 2025, is projected to grow at a 7.02% CAGR to reach $19.73 billion by 2035. This growth is fueled by accelerating 5G deployment, expansion of hyperscale data centers, and increasing broadband...
