BofA sees higher gold prices, likely to hit $5,000/oz in 2026
Investing.com - Cisco (NASDAQ:CSCO) shares jumped approximately 7% in after-hours trading following the company’s guidance raise and positive artificial intelligence outlook for the fiscal year. The stock has already delivered a 28.2% return over the past year, with a current market capitalization of $291.5 billion, according to InvestingPro data.
The stock reached approximately $79 per share after the announcement, representing a price-to-earnings multiple of 19 times calendar 2026 estimates, according to William Blair. This places Cisco near its 52-week high of $74.84, with a current P/E ratio of 28.8 and a price-to-book ratio of 6.22, suggesting the stock is trading at a premium to its InvestingPro Fair Value.
William Blair analyst Jason Ader reiterated a Market Perform rating on Cisco, noting the company continues to benefit from an enterprise refresh cycle in networking and incremental AI revenues from hyperscaler customers.
The firm also highlighted increasing AI revenue contributions from neocloud and sovereign customers as positive factors for Cisco’s business performance.
Despite these positive developments, William Blair expressed concerns that persistent competition across Cisco’s core networking and security portfolios could challenge the company’s ability to sustain current growth levels.
In other recent news, Cisco Systems Inc. reported its fiscal first-quarter results for 2026, surpassing expectations with earnings per share of $1.00, which exceeded the forecast of $0.98. Revenue for the quarter reached $14.9 billion, also beating the anticipated $14.77 billion. This performance was driven by strong results in the networking segment, which grew by 15% year-over-year. BofA Securities raised its price target for Cisco to $95, highlighting the company’s robust AI networking orders and a new $3 billion AI revenue target for fiscal year 2026. KeyBanc also increased its price target to $87, citing strong revenue performance that exceeded consensus estimates. Morgan Stanley adjusted its price target to $82, noting better-than-expected results in Cisco’s key growth areas, particularly in artificial intelligence. Meanwhile, Goldman Sachs maintained its Neutral rating with a $75 price target, acknowledging the company’s solid performance in the networking segment. These developments reflect a period of significant growth and positive analyst attention for Cisco.
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