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Here are some of the stocks making notable moves in Thursday's premarket action: Cisco Systems shares are up nearly 7% after the network-equipment and services group [delivered a strong earnings beat
In a research note shared with TheStreet, Liani reiterated a buy rating and raised the price target for CSCO stock from $85 to $95, based on roughly 21 multiple his estimate for the enterprise-value to free-cash-flow ratio for calendar year 2027.
Cisco has been making good on its 2024 promise to place its bets on AI to the tune of $1 billion. One way the tech giant has been doing that is by investing heavily in AI startups that are new on the scene, in addition to buying AI companies.
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Why Cisco Stock Is Popping Today
On Cisco's current $77 stock price, that works out to a P/E ratio of about 26 in a best-case scenario. That's a bit high, however, for a stock growing in the single digits as Cisco is. To me, Cisco stock looks like a sell.
This year could mark a renaissance for Cisco Systems, driven by rising demand for AI and new growth opportunities.
Cisco Systems Inc investors have waited more than 25 years for this moment, with the stock trading at levels last seen during the peak of the dot-com era.
Cisco Systems posted double-digit strength in its core networking portfolio that’s being led by the need for infrastructure that can support AI, according to Cisco executives during the company’s Q1 2026 earnings call.
The network-equipment company raised its earnings outlook, helped by demand for artificial-intelligence products. Shar
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Cisco to acquire Seattle-area AI startup NeuralFabric, expanding push into enterprise generative AI
Cisco is acquiring NeuralFabric, a Seattle-area AI startup founded by former Microsoft engineers that builds back-end software for companies to develop and deploy their own generative AI models. The deal strengthens Cisco’s push into enterprise AI;
Cisco Systems Inc. shares gained in late trading after the network-equipment giant boosted its 2026 forecast, showing progress in its effort to capture more artificial intelligence spending.
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