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Cisco's AI Expansion and Cloud Growth Drive Analyst Upgrades And Price Hikes, Citing Growth Like Extreme & Juniper - Cisco Systems (NASDAQ:CSCO)
- Cisco reported second-quarter earnings of 94 cents per share, surpassing the analyst estimate of 91 cents, with quarterly revenue reaching $13.9 billion, exceeding the $13.87 billion estimate.
- Product orders grew by 29% year-over-year, and AI Infrastructure orders reached over $350 million, totaling approximately $700 million for the first half of fiscal 2025.
- Chuck Robbins, CEO of Cisco, noted that the strong results were driven by accelerating customer demand for the company's technology.
- Cisco projects third-quarter EPS between 90 cents and 92 cents and revenue ranging from $13.9 billion to $14.1 billion, exceeding analyst expectations.
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Cisco Systems (NASDAQ:CSCO) Price Target Raised to $72.00 at Wells Fargo & Company
Cisco Systems (NASDAQ:CSCO – Free Report) had its price objective boosted by Wells Fargo & Company from $60.00 to $72.00 in a report issued on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the network equipment provider’s stock. CSCO has been the subject of a number of other research reports. […]
Coverage Details
Total News Sources16
Leaning Left1Leaning Right1Center5Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
14%
C 72%
14%
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