Cisco Systems (NASDAQ: CSCO) reported significant growth in its fiscal Q3 2026, with revenue reaching $15.48 billion, up nearly 12% and exceeding analysts’ expectations by 185 basis points. Product revenue surged by 35%, driven by a 50% jump in networking components and a 19% increase in non-hyperscale business.
The company has positioned itself as essential in the AI market, with its AI-native security solutions gaining traction among enterprises concerned about security and performance. Institutional ownership is notably high, exceeding 70%, indicating strong market confidence, and bullish analyst sentiments suggest a consensus price target rising towards $125 as the year progresses.
With adjusted earnings growing over 10% and continued improvements in guidance for subsequent quarters, Cisco is poised for sustained strength. The stock has seen a nearly 40% increase on a trailing twelve-month basis, laying a solid foundation for future growth amid a favorable economic outlook.
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