Cisco Systems reported strong quarterly earnings, beating Wall Street’s expectations. Analysts are increasing price targets for the stock as Cisco’s share price approaches its all-time high from 2000. The S&P 500 technology sector was down 4.8% last week, but Cisco’s stock surged by 7.9% over the same period.

In fiscal Q1 2026, Cisco saw an 8% revenue increase to $14.9 billion, with earnings per share at $1, exceeding analyst predictions. The company received $1.3 billion in AI infrastructure orders from hyperscaler customers and expects over $3 billion in revenue from them this year. Hyperscalers offer large-scale cloud services.

Wall Street analysts raised price targets for Cisco, with a potential 21% increase. Cisco’s stock has risen by 31% this year, nearing its March 2000 peak. Despite past market volatility, investing in Cisco could pay off if it continues competing in the hyperscaler equipment space. Will you invest $1,000 in Cisco Systems now?

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