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Cisco Eyes 21% Upside as Hyperscaler AI Networking Orders Surge

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Cisco Systems is seeing accelerating demand from hyperscalers in the AI networking supercycle, securing $9.3 billion in AI orders.
  • Analysts target $134.21, citing strong revenue beats, operating leverage, and a favorable valuation compared to networking peers despite mild gross margin pressure from AI hardware mix.
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US100 price history

28961.89 +14.76% over the displayed period

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