Market Prices Skyrocket, Driving Campus Switch Market to Growth in 2Q 2026, According to Dell'Oro Group

Cisco Systems (CSCO) rose 0.8% to $108.49 on Oct. 1 after Bernstein initiated coverage with a Market Perform rating and $110 target. Shares are 44.79% above GF Value estimate. Cisco reported $9.3B in AI infrastructure orders for fiscal 2026, but AI revenue was 6% of total. Investors focus on broader business performance.

Goldman Sachs raised forecasts for the AI data center switching market, now expected to reach $100B by 2030. ANET and CLS were rated Buy, with ANET's Q3 earnings expected to beat estimates. CLS met expectations but faced EPS dilution from equity issuance. FFIV beat estimates but remains Neutral. Goldman Sachs highlights AI networking demand as a key growth driver.

Cisco Systems announced a multiyear deal to upgrade Notre Dame's campus network with 1,000 Catalyst 9300X switches. Shares slipped 0.3% to $106.12. The deal includes software, monitoring, and services. Cisco did not disclose the contract value or expected profit contribution.

Cisco Systems (CSCO) fell 5.7% to $105.11 after Piper Sandler cut its price target to $125 from $132, citing concerns about enterprise networking and communication infrastructure. The downgrade to Neutral triggered a selloff, with trading volume at 12.2M shares, reflecting investor reassessment of growth prospects.

Cisco shares fell 5% after Piper Sandler cut its price target to $125 from $132, citing concerns about industry growth peaking. Cisco reported Q4 revenue of $17.25B, beating estimates, and projected 15% revenue growth for FY2027. Piper analysts called the outlook conservative, while Cisco CEO highlighted strong market demand.

Cisco Systems (CSCO) shares fell after Piper Sandler cut its price target to $125, maintaining a Neutral rating. The stock has an average Buy rating and $133.86 target. Cisco's stock is down 5.55% to $105.27, underperforming the tech sector.