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Cisco Systems, Inc. (CSCO) is a networking, security, and cloud-based communication technology company.
Cisco's Q2 FY2026 revenue grew 10% year over year to $15.3 billion, beating expectations.
KEY POINTS
- 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
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