Street View: AI gives Cisco new spark as demand stays robust

**Networking gear maker Cisco Systems CSCO.O projected fiscal 2027 revenue ahead of analyst expectations, underscoring its optimism that robust demand for AI-focused networking equipment will sustain growth

** Shares down 5.63% at $116.9 premarket

** BofA Global Research ("buy," PO: $150) says CSCO's campus and AI businesses are poised for sustained growth, with strong order momentum and rising revenue expected to support further gains

** Morningstar (fair value: $115) says CSCO is converting AI demand into revenue faster than expected and that its strong position in AI networking and optics should support long-term growth

** Piper Sandler ("neutral," PT: $132) says CSCO is executing well and is well-positioned for continued growth, backed by strong supply visibility

** Morgan Stanley ("overweight," PT: $135) says a higher share of hardware sales is weighing on margins, but profitability from CSCO's AI business remains strong