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Investing.com - Erste Group upgraded Cisco (NASDAQ:CSCO) stock rating from Hold to Buy on Monday.
The research firm cited Cisco Systems’ above-average operating margin and return on equity as key factors supporting the upgrade decision.
Erste Group noted that Cisco’s management has provided an optimistic outlook for the new fiscal year 2026, indicating expectations for continued growth.
For the full fiscal year 2026, Cisco forecasts sales between approximately $59.0 billion and $60.0 billion, representing an increase of approximately 6% year-over-year.
Erste Group considers this forecast to be conservative and expects the company to exceed its target.
In other recent news, Cisco has announced several significant developments aimed at enhancing its technological offerings and partner relationships. Cisco unveiled its new Unified Edge platform, which is designed to support distributed AI workloads by bringing computing power closer to the data source. This integrated platform combines compute, networking, storage, and security capabilities, enabling real-time AI processing at various edge locations. Additionally, Cisco introduced Cisco IQ, an AI-powered digital interface intended to streamline IT operations for enterprise customers by consolidating insights, assessments, and support services into a single interface.
Furthermore, Cisco revealed enhancements to its Security Cloud Control platform, adding multi-customer management capabilities for Managed Service Providers. This feature allows providers to manage security solutions for multiple clients through one platform, aiming to streamline operations and reduce costs. The company also announced new networking solutions to modernize enterprise networks for AI workloads, focusing on simplifying network operations with cloud-managed fabrics and a unified branch solution. Lastly, Cisco is set to launch the Cisco 360 Partner Program, which includes new specializations and incentives to boost partner profitability and customer value delivery.
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