Cisco reaches 25-year peak after lifting FY26 forecast; brokerages raise PT

Shares of networking equipment maker Cisco CSCO.O rise 4% to $77.93, hitting their highest since March 2000

Co raises FY26 revenue, profit forecast

Co expects $3 bln in AI infrastructure revenue from hyperscalers in FY26, CEO Chuck Robbins said

Expects FY26 revenue between $60.2 bln and $61 bln vs prior projection of $59 bln to $60 bln

At least nine brokerages raise PT on stock

JP Morgan says that "while the macro backdrop has remained choppy, we believe the momentum for Cisco with Enterprise customer orders will further reinforce the bull case around a robust Campus refresh cycle"

15 of 25 brokerages rate stock "buy" or higher, 10 "hold"; their median price is $80 - LSEG

Including session's moves, CSCO up 30% YTD vs 20.4% gain for Nasdaq 100 Index .NDX