<div id="readability-page-1">Shares of Cisco Systems Inc surged in early trading on Thursday, after the company reported upbeat third-quarter results on Wednesday. Here are the key analyst insights: <ul> <li>BofA Securities analyst Tal Liani maintained a Buy rating, while raising the price target from $95 to $114.</li> <li>Rosenblatt Securities analyst Mike Genovese reiterated a Buy rating, while lifting the price target from $100 to $150.</li> </ul> Check out other analyst stock ratings. BofA Securities: Cisco Systems ( CSCO ) reported revenue growth of 12% year-on-year, topping Street expectations of 10% growth, driven by Networking growth of 25%, which was supported by both Cloud and non-Cloud strength, Liani said in a note. Growth in product orders excluding AI accelerated to 19% year-on-year, from 10% in the previous quarter, driven by price hikes as well as &#34;Enterprise AI readiness and Campus strength,&#34; he added. While guiding to fourth-quarter revenue growth of 14.5%, which is nearly twice the Street’s 7.8% growth expectations, management &#34;soft guided&#34; their fiscal 2027 outlook for revenue growth of around 8%, with AI revenues expanding from $4 billion to $6 billion, the analyst stated. &#34;Organic security growth is expected to recover to near-10% by next quarter, with Splunk expected to re-accelerate growth by 2Q27 once pricing transitions complete and comps become easier,&#34; he further wrote. Rosenblatt Securities: Cisco Systems ( CSCO ) reported &#34;strongly bullish&#34; results, which served as a reminder of the company being a participant in the &#34;AI industrial revolution,&#34; Genovese said. Service Provider and Cloud orders grew 105% year-on-year, while AI orders came in at $1.9 billion, bringing the year-to-date total to $5.3 billion, he added. Management raised their AI order guidance from $5 billion to $9 billion, suggesting around $3.7 billion in the current quarter, the analyst stated. &#34;Cisco ( CSCO ) also raised FY26 AI revenue recognition from Hyper Scalers to $4bn, from $3bn, and said it could see $6bn in FY27,&#34; he further wrote. CSCO Price Action: Cisco Systems ( CSCO ) shares were up 15.16% at $117.31 at the time of publication on Thursday. The stock is trading at a new 52-week high, according to Benzinga Pro data. Read Also: Cisco ( CSCO ) CEO Warns AI Infrastructure Players Without Silicon Will 'Struggle To Be Relevant' Photo: MacroEcon/Shutterstock</div>

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Shares of Cisco Systems surged 15.16% to $117.31 after reporting strong Q3 results, exceeding revenue growth expectations. Analysts from BofA and Rosenblatt maintained Buy ratings, raising price targets significantly. Cisco's revenue grew 12% year-on-year, driven by a 25% increase in Networking. The company raised its AI order forecast from $5 billion to $9 billion, with AI revenues expected to reach $6 billion by FY27. Cisco's stock is now at a new 52-week high, reflecting bullish market sentiment.

Cisco Stock Surges After Earnings Beat As AI Order Forecast Nearly Doubles