"Cisco logged $2.1 billion in hyperscaler AI orders in Q2 FY2026 alone, up from $1.3 billion in Q1 FY2026 and $800 million in Q4 FY2025, indicating strong demand in AI infrastructure."
"The campus networking refresh cycle is driving networking segment revenue up 21% year-over-year in the recent quarter, supported by WiFi 7 adoption and a backlog of $42.9 billion."
"Despite a 4% decline in security segment revenue and an 18.7% drop in operating cash flow year-over-year, the overall market sentiment remains bullish with 18 buy or strong buy ratings."
Cisco Systems has experienced a significant rally, with shares up 60.89% over the past year. The company reported a revenue of $15.3 billion, exceeding estimates and showing a 9.7% year-over-year growth. AI infrastructure orders have surged, contributing to a positive outlook. Despite some declines in security and services revenue, the overall market sentiment remains bullish, with a projected price of $113.38 by April 2027, indicating a 29.27% total return. Analyst ratings support this optimistic view.
Read at 24/7 Wall St.
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