Cisco Jumps 52% YTD: Is There More Room for the Stock to Rise?

Cisco (CSCO) shares have surged 52% year to date, outpacing the Computer & Technology sector's 14.7% return, driven by a strong AI networking push and enterprise networking recovery. The company raised its fiscal 2026 AI infrastructure order target from $5 billion to approximately $9 billion on hyperscaler demand, with five new hyperscaler AI design wins and Acacia optics orders exceeding $1 billion in Q3.

Why it matters: Key growth catalysts include a $3 billion enterprise AI infrastructure pipeline, Wi-Fi 7 campus upgrades, double-digit security product growth, and expanding AI security offerings like Hypershield and Zero Trust Access.