Cisco Stock Holds Above $109 as AI Infrastructure Demand Surges
Cisco Systems stock (US17275R1023) held above $109 on August 28, 2026, as investors digested strong recent results and forward guidance tied to artificial intelligence infrastructure demand.
The shares traded at $109.93 after slipping 2 percent in the latest Nasdaq session. The market capitalization of $433.28 billion supported the price level, reflecting how the stock has re-rated higher alongside growing expectations for AI-related hardware and networking demand.
Cisco Systems delivered a robust quarter with quarterly revenue of $17.25 billion, up 17.6 percent year over year. Earnings per share reached $1.22, beating the consensus estimate of $1.17 by $0.05 and highlighting management's ability to execute on higher-margin AI and networking projects.
AI infrastructure orders became a central driver of Cisco Systems growth profile, with the company landing $4 billion in AI infrastructure orders in its most recent quarter. The company has characterized hyperscaler AI infrastructure orders at $9.3 billion for the full year, representing a 4.5 times increase from the prior year.