Research Alert: CFRA Maintains Hold Opinion On Shares Of Cisco Systems Inc.
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CFRA maintains a hold opinion on Cisco Systems Inc., raising the 12-month target price to $125 based on strong FY 27 EPS estimates. The FY 26 EPS estimate is increased to $4.28, and FY 27's to $4.71. Networking product orders grew over 50%, driven by gains in various sectors, including AI infrastructure, with significant order growth from hyperscalers. Cisco secured five new design wins in the third quarter, expanding its AI offerings.
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