Six major Wall Street firms hiked their price targets on Cisco Systems (NASDAQ:CSCO | CSCO Price Prediction) on May 14, following a blowout fiscal Q3 2026 report that sent shares surging roughly 19% after the close.

Cisco Systems reported revenue grew 12% to $15.8 billion in its April quarter compared to last year—up 2% from last quarter—and forecast 14% growth for its current quarter. On an earnings call, Cisco executives said the acceleration stems from major cloud providers ordering more networking switches and routers to meet increasing demand for AI services from their customers.

Heading into the Q3 print, a key concern for CSCO shares was the memory headwind – specifically the rising costs and supply tightness in HBM and DDR5 modules – which threatened to squeeze hardware margins. However, the quarterly release effectively defied these fears.

Though the now-infamous Heartbleed bug is currently being patched by many companies on the website level, the OpenSSL data encryption flaw also affects an unknown amount of networking hardware from companies including Cisco Systems. Cisco published a ...

Cisco announced leadership changes to its Common Hardware Group (CHG) in a move to “build on our momentum and deliver unmatched innovation for our customers,” Cisco CEO Chuck Robbins wrote in a blog detailing the changes. Eyal Dagan, who led the CHG ...

Cisco is separating the operating system and applications from the underlying hardware, and it is making it possible to host apps on certain switches and routers. The notion of disaggregation — separating the operating system and applications from the ...