Cisco Systems AI Play Gains Traction: Analysts Lead Stock Higher

Cisco Systems TodayCSCOCisco Systems$48.53 +3.09 (+6.80%) 52-Week Range$44.50▼$58.19Dividend Yield3.30%P/E Ratio16.34Price Target$56.50Add to WatchlistCisco Systems NASDAQ: CSCO Q4 results and guidance prove that its AI play was smart. Once a networking giant and now a networking and AI-powered data management platform, the company outperformed its guidance and analysts estimates, raised guidance, and the guidance is likely cautious. The takeaway is that weakness in the legacy business is offset by strength ...