Cisco (CSCO) Stock Hits $119 in 2026 — AI Orders Fuel Massive Growth, Earnings Beat Sparks Rally

Quick overview

Cisco Systems company has been showing very good performance over the past few months, and its stock has been flying very well in an upward direction. Many investors are happy with the performance and appear excited. At the time we are writing this article, the stock of this company is trading at $115.53, which is showing a gain of 13.41 percent. Not only this, but this stock also touched the level of $119 today.

Such a big jump makes many investors feel very confident because this is considered the biggest one-day gain of this company seen in many years. Investors who bought this company’s stock in the past few months are very happy because they are getting a good profit on their investment. However, the reason for this positive performance is the high demand for Cisco’s products made for artificial intelligence (AI).

Cisco Systems Company Overview

Cisco Systems Inc is a very large and famous American company, which makes equipment that connects computers with each other, powers the internet, and secures computer networks from attacks carried out by hackers. However, the demand for this company’s products is so high that many big companies, governments, schools, and banks use this company’s products every day and they blindly trust this company’s products because it creates such technology which the world needs very much.

Strong Quarterly Earnings Growth

Moreover, the positive performance of this company is also proven by its third quarter 2026 earnings report published last week because in this report it is found that they made 15.8 billion dollars in sales, which is considered 12 percent higher than last year. The performance of this company has made many investors happy and has given them confidence that in the coming months this company will achieve further growth and will increase its sales even more.

AI Demand Driving Cisco Growth

As we mentioned before, the demand for this company’s products is high because their products are also used in artificial intelligence systems. Since many companies are now making their own powerful AI systems, all of these companies need Cisco’s fast networking equipment, and this is the reason why the orders for this company’s products are increasing day by day. As a result, the people who have invested in this company are looking very happy and hopeful because they can clearly see that Cisco is progressing very rapidly in the AI world.

Considering all these things, Cisco’s Company has also increased its full-year 2026 sales target to 63 billion dollars. In addtion to that, they expect that their AI orders sales could reach up to 9 billion dollars this year, which is considered very high compared to their previous plan of 5 billion dollars.

Future Growth and Job Cut

At the same time, Cisco has decided that it will cut 4,000 jobs, which makes up less than 5 percent of its workforce, and they are doing this only to save money and invest that money into their AI-related work, in which they can build new chips and bring new innovation. There is no doubt that reducing jobs is not a good thing, but many investors understand this, and they believe that to secure and improve the company’s future, taking such steps makes sense.

Looking at all the achievements and all the strong reports, many experts and analysts have expressed positive expectations about this company, and they rate this company’s stock as a buy and moderate buy. If we talk about the price target, many experts believe that its price can go from 120 dollars to 150 dollars in the coming months.

CSCO at $115.55 Surges 1.28% – 4H Breakout Above 0.618 Fib in Rising Channel

Cisco Systems ($CSCO) rose 1.28% to trade at $115.55 as of this writing, a gain of $1.46 on the 4-hour NASDAQ chart. Strong bullish green impulse candles pierced through the 0.618 Fib (level $103.13) and the upper blue ascending channel line, extending from the low at $87.69 in March. Price is now above the stack of dynamic MA support levels at purple/red MA $112-$115, while yellow/cyan MAs are below as support at $107-$110.

The 4H chart shows higher highs/higher lows within the parallel bullish rising channel with no triangle down break or engulfing red bearish candle. The pullback in recent price action found support at the 0.382-0.5 Fib area at $110.54-$106.85 and a powerful green breakout candle occurred. The bottom oscillator (similar to RSI) is above the $70 bullish area, with strong positive divergence on the down move in price to the 0.382-0.5 Fib support area, and bullish strength to continue further higher to the $122.43 then to $127.10 resistance levels and a buy above $116 with stops below $112.20.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.