Cisco Shares Set First Record in 25 Years on AI Infrastructure Momentum

Wall Street endorsements follow guidance up to $61 billion that topped forecasts.

Overview

Bloomberg reported the stock closed at $80.25 on Dec. 10, surpassing its March 2000 peak for the first time in over 25 years.
Cisco said it expects fiscal-year revenue to reach up to $61 billion by the end of July, about $1 billion above consensus estimates.
Management cited accelerating AI demand, including $1.3 billion in fiscal Q1 orders from hyperscalers and at least $4 billion targeted for full-year AI infrastructure orders.
The company projected AI-related revenue could exceed $3 billion, compared with roughly $1 billion recognized in fiscal 2025.
UBS upgraded the shares to buy and Jim Cramer called Cisco “at the heart of the AI revolution,” noting a forward P/E under 19 and recent growth of about 10% in earnings and 8% in revenue.