Six Firms Just Piled Into Cisco: Wall Street Rushes to Hike Price Targets After 20% Earnings Pop

"Six major Wall Street firms hiked their price targets on Cisco Systems ( NASDAQ:CSCO | CSCO Price Prediction) on May 14, following a blowout fiscal Q3 2026 report that sent shares surging roughly 19% after the close. The coordinated wave of revisions reflects a clear thesis shift: Cisco's accelerating hyperscaler order book has decisively answered the long-running bear case that the company was losing AI networking share. For prudent investors, the magnitude of the upward revisions signals fundamental model changes, not minor tweaks."

"Cisco delivered record revenue of $15.84 billion, up 12% year over year (YoY), with total product orders accelerating 35% YoY. Management raised fiscal 2026 AI infrastructure orders guidance to $9 billion from $5 billion. The pop reflects more than a single beat. Cisco delivered record revenue of $15.84 billion, up 12% year over year (YoY), with total product orders accelerating 35% YoY."

"Piper Sandler called it "one of its best quarters in quite some time," while Citi framed the report as a "beat and raise" driven by broad-based networking demand. Bank of America flagged that Cisco's Q4 revenue growth guidance was nearly double Street expectations of 8%, citing hyperscaler demand, a campus refresh cycle, pricing, and enterprise AI spend. KeyBanc highlighted accelerating order growth and a bull case for accelerating revenue growth in 2027."

"Cisco's networking segment generated $8.81 billion, up 25% YoY, with data center switching orders climbing more than 40%. CEO Chuck Robbins declared that "Cisco is well-positioned as the critical infrastructure for the AI era." The competitive subplot involves Arista Networks ( NYSE:ANET), long viewed as the AI networking pure play. Arista Networks stock is up 11% year to date (YTD), while Cisco stock has gained 52% YTD, a c"

Six Wall Street firms raised Cisco Systems price targets after a fiscal Q3 2026 report drove shares up about 19% post-close. The revisions reflect a thesis shift that Cisco’s accelerating hyperscaler order book addresses prior concerns about losing AI networking share. Cisco reported record revenue of $15.84 billion, up 12% year over year, and total product orders up 35% year over year. Management raised fiscal 2026 AI infrastructure orders guidance to $9 billion from $5 billion. Networking revenue rose to $8.81 billion, up 25% year over year, with data center switching orders increasing more than 40%. Analysts cited broad networking demand, hyperscaler strength, campus refresh, pricing, enterprise AI spending, and Cisco’s relative supply flexibility from in-house silicon design.

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