Cisco Systems Receives Strong-Buy Rating Amid Revenue Growth

Cisco Systems (NASDAQ:CSCO) received a major upgrade from equities research analysts at Zacks Research, moving its rating to 'Strong-Buy' from 'Hold'. This upgrade is part of a growing trend in the tech sector, with several other companies also reporting strong earnings and revenue growth.

According to MarketBeat.com, Cisco Systems has an average rating of 'Moderate Buy' and an average price target of $128.52. Several analysts have provided their opinions on the company's future performance, with Barclays lifting its target price on Cisco Systems from $121.00 to $123.00 and giving the company an 'equal weight' rating.

Cisco Systems has reported a 17.6% increase in revenue year-over-year, exceeding analyst estimates of $16.84 billion. The company's network equipment provider business has seen significant growth, with AI infrastructure orders increasing faster than expected. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS.