Cisco Bounces Back Above $111 After Strong Earnings and AI-Fueled Growth

Cisco Systems stock has bounced back above $111 after strong earnings and AI-fueled revenue growth lifted its guidance for fiscal 2027.

The company's shares opened at $111.04 on August 22, 2026, recovering from a mid-August drop of 8.4% after its earnings release on August 12, 2026.

Cisco Systems reported total revenue of $15.84 billion in fiscal third quarter 2026, up 12% year-over-year, driven by AI-related projects and orders rising 35% compared to the prior period.

The company's networking product segment saw a 25% year-over-year growth in revenue, with management raising its expected AI-related annual revenue forecast to $9 billion, indicating confidence in a multi-year infrastructure cycle.