10 Best Performing Data Center Stocks So Far in 2026

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

On May 14, 2026, Rosenblatt raised the firm’s price target on Cisco Systems, Inc. (NASDAQ:CSCO) to $150 from $100 and maintained a Buy rating on the shares following the company’s latest quarterly results. The firm said Cisco’s Networking segment, which it views as the company’s most important business, showed strong acceleration during the quarter, while Security stabilized and Collaboration and Observability lagged. Rosenblatt added that even if gross margin pressure increases due to hyperscale customer mix shifts or higher input costs, Cisco still has enough operational flexibility to sustain operating margins above 34%.

UBS analyst David Vogt also raised the firm’s price target on Cisco Systems, Inc. (NASDAQ:CSCO) to $132 from $95 and maintained a Buy rating. UBS pointed to Cisco’s decision to raise its FY26 AI order target to $9B, saying strong AI-related demand should continue supporting revenue growth while helping offset broader margin pressures tied to product mix and costs.

On May 13, 2026, Cisco Systems, Inc. (NASDAQ:CSCO) reported fiscal Q3 adjusted EPS of $1.06, versus the consensus estimate of $1.04. Revenue totaled $15.8B, versus the consensus estimate of $15.56B. Chair and CEO Chuck Robbins said Cisco delivered record quarterly revenue alongside broad-based demand strength across its product portfolio, reflecting growing demand for technologies tied to AI connectivity and security infrastructure. Management added that Cisco believes it is well-positioned to serve as critical infrastructure for the AI era, supported by its existing technology portfolio, customer relationships, and continued pace of innovation.

Cisco Systems, Inc. (NASDAQ:CSCO) develops and sells networking, security, and internet infrastructure technologies across global markets.