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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Six major Wall Street investment firms have raised their price targets for Cisco Systems following a robust fiscal Q3 2026 earnings report. According to reports, the company delivered non-GAAP earnings of $1.06 per share on revenues of $15.84 billion, prompting HSBC to upgrade the stock to 'Buy'. Furthermore, Cisco raised its fiscal 2026 guidance for AI infrastructure orders to approximately $9 billion.
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Sign InThe rally is supported by annualized recurring revenues (ARR) reaching $31.2 billion, now accounting for 51% of total income per market data. This performance pushed CSCO to a 52-week high of $119.36, outpacing growth metrics seen in peers like Arista Networks as the company successfully pivots toward a software-centric model according to market data.
CSCO shares maintained their upward momentum at close May 14, 2026, as the market digests the revised AI guidance and valuation levels. Looking ahead, investors should monitor upcoming macroeconomic catalysts, specifically speeches from Federal Reserve officials Cook and Bowman scheduled for May 15, which may provide further clarity on the interest rate environment.