By Sheryar Siddiq
Publication Date: 2026-06-03 08:20:00
Cisco Systems, Inc. (NASDAQ:CSCO) ranks among the best most active stocks to buy according to hedge funds. On May 15, HSBC boosted Cisco Systems Inc.’s (NASDAQ:CSCO) rating to Buy and hiked its price target to $137 from $77, citing a stronger-than-expected AI infrastructure demand pattern that has significantly changed the company’s growth profile. Analyst Stephen Bersey explained to investors that Cisco’s fiscal third-quarter results revealed a fundamental shift, with AI infrastructure orders totaling $1.9 billion for the quarter.
HSBC stated that Cisco’s Silicon One CPUs and Acacia optics led AI outperformance, which was supported by other hyperscaler design results. Total revenue increased 12% year-over-year to $15.84 billion, about 2% higher than expected, while non-GAAP EPS of $1.06 outperformed expectations by 2.5%.
Looking forward, Cisco management increased its fiscal 2026 AI infrastructure order aim to about $9 billion from $5 billion, assuming a…
