# Cisco Systems, Inc. (CSCO) is a networking, security, and cloud-based communication technology company.

*business · news · 2026-04-29 · Barchart*

## Key points

- Cisco's Q2 FY2026 revenue grew 10% year over year to $15.3 billion, beating expectations.
- AI-focused infrastructure drove approximately $2.1 billion in orders for Cisco during the quarter.
- Despite raising guidance and strong results, Cisco shares dropped 12.3% after earnings.
- Evercore's Amit Daryanani set a $100 price target for Cisco, the highest on Wall Street.

**Companies:** Cisco Systems, Inc.
**Countries:** United States

[Read the full story on Barchart](https://www.barchart.com/story/news/1575526/is-wall-street-bullish-or-bearish-on-cisco-systems-stock)

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