Cisco Systems (NASDAQ:CSCO) continued trading in positive territory for a seventh consecutive session on Friday afternoon, rising 2.03% to $117.88 as bullish momentum remained firmly intact.
CSCO has rallied 26.07% over the past six trading sessions, far exceeding the S&P 500’s 1.85% rise Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities
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Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights Cisco stock is surging due to stronger-than-expected fiscal Q3 results and optimism about its AI-driven growth, particularly from its Silicon One strategy and increased revenue contributions from AI projects. Analysts see Cisco’s AI business as an increasing structural growth driver, expecting it to significantly boost future revenues through hyperscaler build-outs, enterprise networking upgrades, and campus modernization. There are concerns that Ciscoâs recent share price surge has made its valuation less attractive, despite strong results and growth prospects; Quant metrics flag weaknesses in growth and valuation grades