Cisco Systems, Inc. (CSCO) is a mega-cap stock with a market cap of $301.2 billion, dominating the communication equipment industry. Its stock reached an all-time high of $80.06 and has surged 13.7% in the past three months, outpacing the Nasdaq Composite. CSCO has shown a bullish trend, trading above its moving averages consistently.

In Q1, Cisco reported revenues of $14.9 billion, growing 7.5% year-over-year, surpassing expectations. Adjusted EPS rose 9.9% to $1, beating estimates. The stock surged 4.6% post-results, outperforming Hewlett Packard Enterprise. Analysts rate CSCO a “Moderate Buy,” with a mean price target of $86.31, suggesting a 13.1% upside potential.

Read more at Yahoo Finance: Is Cisco Systems Stock Outperforming the Nasdaq?