--- title: "Cisco Stock Surges After Earnings Beat As AI Order Forecast Nearly Doubles" type: "News" locale: "en" url: "https://longbridge.com/en/news/286447250.md" description: "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." datetime: "2026-05-14T16:38:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286447250.md) - [en](https://longbridge.com/en/news/286447250.md) - [zh-HK](https://longbridge.com/zh-HK/news/286447250.md) --- # Cisco Stock Surges After Earnings Beat As AI Order Forecast Nearly Doubles 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: - BofA Securities analyst Tal Liani maintained a Buy rating, while raising the price target from $95 to $114. - Rosenblatt Securities analyst Mike Genovese reiterated a Buy rating, while lifting the price target from $100 to $150. 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 "Enterprise AI readiness and Campus strength," he added. While guiding to fourth-quarter revenue growth of 14.5%, which is nearly twice the Street’s 7.8% growth expectations, management "soft guided" their fiscal 2027 outlook for revenue growth of around 8%, with AI revenues expanding from $4 billion to $6 billion, the analyst stated. "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," he further wrote. **Rosenblatt Securities:** Cisco Systems ( CSCO ) reported "strongly bullish" results, which served as a reminder of the company being a participant in the "AI industrial revolution," 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. "Cisco ( CSCO ) also raised FY26 AI revenue recognition from Hyper Scalers to $4bn, from $3bn, and said it could see $6bn in FY27," 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_ ### Related Stocks - [CSCO.US](https://longbridge.com/en/quote/CSCO.US.md) - [NXTG.US](https://longbridge.com/en/quote/NXTG.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [XSW.US](https://longbridge.com/en/quote/XSW.US.md) - [IGV.US](https://longbridge.com/en/quote/IGV.US.md) - [CSCS.US](https://longbridge.com/en/quote/CSCS.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SNSR.US](https://longbridge.com/en/quote/SNSR.US.md) - [CSCL.US](https://longbridge.com/en/quote/CSCL.US.md) ## Related News & Research - [Cisco Stock Hits 52-Week High - Here's Why](https://longbridge.com/en/news/286400260.md) - [Cisco CEO Warns AI Infrastructure Players Without Silicon Will 'Struggle To Be Relevant'](https://longbridge.com/en/news/286424318.md) - [Cisco CEO says tech is entering a 'networking supercycle' as stock pops 14% on strong AI demand](https://longbridge.com/en/news/286433582.md) - [Cisco tops Q3 revenue, profit estimates on strong demand](https://longbridge.com/en/news/286310585.md) - [BUZZ-Street View: Cisco's beat-and-raise quarter pushes all the right buttons](https://longbridge.com/en/news/286389369.md)