On August 12, Cisco rose 3.13% in regular trading, trading at $124.14/share, with turnover of $508 million. The stock gained ahead of its fiscal Q4 earnings report scheduled for release after market close.

On the news front, Wall Street consensus expects Cisco to report Q4 EPS of $1.17, representing 18% year-over-year growth, with revenue projected at $16.83 billion, up 14.7% year-over-year. The company previously raised its full-year AI infrastructure solutions order outlook from $5 billion to $9 billion. Over the past two years, Cisco has achieved a 100% beat rate on both revenue and EPS expectations. In the past three months, EPS and revenue estimates have been revised upward 18 times with no downgrades.

Multiple investment banks have recently raised their price targets on Cisco. Citigroup lifted its target from $112 to $139, JPMorgan from $120 to $145, Morgan Stanley from $120 to $130, and Bank of America raised to $150 while maintaining a Buy rating. The average analyst target stands at $132.40 with an overweight consensus rating.

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