Cisco Systems Posts Record Revenue on Strong AI-Infrastructure Orders

Cisco Systems, Inc., the network equipment provider, has seen its stock value increase due to strong AI-infrastructure orders. The company reported record fiscal fourth-quarter revenue of about $17.3 billion, up 18% year over year.

The institutional investors that have increased their stake in Cisco include Danica Pension Livsforsikringsaktieselskab, which boosted its holdings by 6% during the second quarter and now owns 195,996 shares worth $23,022,000.

Several analysts have upgraded their price targets for Cisco, including Freedom Capital, which upgraded the stock from 'hold' to 'strong buy'. KeyCorp also increased its target price on Cisco Systems from $130.00 to $135.00 and gave the stock an 'overweight' rating.