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Moreover, the strength across the company’s key performance metrics suggests that CSCO stock has further room to run.Cisco reported solid momentum in future revenue growth drivers during its latest quarterly earnings report (Q3). The company’s annualized recurring revenue (ARR), subscription-based income, and remaining performance obligations (RPO) showed healthy growth. Cisco’s total ARR stood at $30.6 billion at the end of the quarter, an increase of 5%, with product ARR growth of 8%. Meanwhile, total subscription revenue grew 15% to $7.9 billion and represented 56% of Cisco’s total revenue. Total RPO was $41.7 billion, up 7%. The strength in these key performance metrics suggests solid growth ahead, which will support its share price.Meta’s Mark Zuckerberg Says the Technology They’re Developing Will ‘See What You See and Hear What You Hear’The Next Trillion-Dollar Boom? 3 Stocks to Buy with 300 Million Humanoid Robots on the Horizon.'Record-Shattering': Warren Buffett’s Berkshire Hathaway Has Now Paid $101 Billion in Cumulative Federal Income TaxMarkets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines.Moreover, a significant catalyst behind Cisco’s recent strength is the growing opportunity in the artificial intelligence (AI) infrastructure market. The company has already secured more than $1 billion in AI-related infrastructure orders so far this fiscal year, surpassing its 2025 goal by a full quarter. Notably, in the third quarter alone, it booked over $600 million in orders from large-scale web customers, reflecting the robust demand for its AI-capable hardware and networking solutions.While Cisco is well-positioned to capitalize on the AI-driven opportunities, analysts’ average price target of $71.94 for CSCO stock indicates limited upside potential. Nonetheless, the highest analyst price target for CSCO stock is $79, suggesting potential upside of over 17% from its recent closing price of $67.38 on June 23.www.barchart.comCisco’s momentum is driven by strong demand for its products across its portfolio. Networking product orders saw double-digit growth in the latest quarter, driven by strength in enterprise routing, switching, and industrial IoT offerings. Campus switching orders also rose by high single digits year-over-year, even against a challenging comparison from last year. Additionally, Cisco experienced a triple-digit sequential increase in orders for its Wi-Fi 7 products, underscoring interest in its latest wireless networking technologies.CGU et Politique de confidentialitéPrivacy & Cookie SettingsMore InfoS&P 5006,092.16 -0.02 (-0.00%)Dow 3042,982.43 -106.59 (-0.25%)Nasdaq19,973.55 +61.02 (+0.31%)Russell 20002,136.18 -25.03 (-1.16%)VIX16.76 -0.72 (-4.12%)Gold3,350.60 +7.50 (+0.22%)PortefeuilleConnectez-vous pour accéder à votre portefeuilleSe connecterLes plus performantsQS QuantumScape Corporation 5.67 +1.34 (+30.95%)AVAV AeroVironment, Inc. 234.94 +41.66 (+21.55%)NKTR Nektar Therapeutics 29.12 +4.67 (+19.10%)TMC TMC the metals company Inc. 7.49 +0.88 (+13.31%)LNW Light & Wonder, Inc. 94.48 +8.66 (+10.09%)Les moins performantsSITM SiTime Corporation 203.75 -37.85 (-15.67%)SMR NuScale Power Corporation 38.66 -4.58 (-10.59%)PAYX Paychex, Inc. 137.94 -14.31 (-9.40%)EQIX Equinix, Inc. 824.31 -82.19 (-9.07%)LMND Lemonade, Inc. 41.10 -3.83 (-8.52%)Les plus liquidesNVDA NVIDIA Corporation 154.31 +6.41 (+4.33%)QS QuantumScape Corporation 5.67 +1.34 (+30.95%)LCID Lucid Group, Inc. 2.1400 -0.0300 (-1.38%)TSLA Tesla, Inc. 327.55 -12.92 (-3.79%)NU Nu Holdings Ltd. 13.23 -0.20 (-1.49%)Événements concernant les bénéficesActions du momentMU Micron Technology, Inc. 127.25 -0.66 (-0.52%)NVDA NVIDIA Corporation 154.31 +6.41 (+4.33%)SMCI Super Micro Computer, Inc. 46.61 +3.77 (+8.80%)BP BP p.l.c. 30.32 +0.49 (+1.64%)PAYX Paychex, Inc. 137.94 -14.31 (-9.40%)Principaux événements économiques