Wall Street Zen upgraded Cisco Systems (NASDAQ: CSCO) to a "buy" rating from a "hold." This follows other positive ratings, including a "strong-buy" upgrade from Zacks Research. Analysts view Cisco as a key beneficiary of growing AI infrastructure demand.
Cisco's recent financial results support this outlook. The company beat earnings estimates. It reported record quarterly revenue of $15.84 billion.
Cisco also raised its full-year guidance. The company expects approximately $9 billion in AI infrastructure orders from hyperscalers. These orders are anticipated in fiscal year 2026.