10 Trending AI News Updates on Investors’ Radar

6. Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 60

Cisco Systems, Inc. (NASDAQ:CSCO) is an American technology company that provides information technology and networking services. On February 17, DZ Bank upgraded the stock to “Buy” from Hold with a $71 price target. The rating has been issued as the company reported fiscal second-quarter results and guidance that beat Wall Street’s expectations. Cisco has reported adjusted earnings per share of 94 cents, topping analyst expectations of 91 cents.

It also surpassed revenue projections, generating a revenue of $13.99 billion compared to the expected $13.87 billion. Cisco highlighted that the company had orders for artificial intelligence infrastructure that exceeded $350 million in the quarter. Looking ahead, it sees adjusted earnings of $3.68 to $3.74 for the 2025 fiscal year compared to analyst estimates of $3.66. It also forecast $56 billion to $56.5 billion in revenue versus the $55.99 billion projected by analysts polled by LSEG.