FINWIRES · TerminalLIVE
FINWIRES

Cisco Systems' AI Momentum, Hyperscaler Spending Strength to Drive Growth Into 2027, UBS Says

By

Cisco Systems (CSCO) is positioned for continued growth into fiscal 2027 as rising hyperscaler artificial intelligence spending, stronger campus demand and improving traction in security support expanding revenue and earnings, UBS said in a note emailed Thursday.

The brokerage said Cisco's AI systems and optical products should continue benefiting from broad-based increases in data center and AI infrastructure spending.

The company's operational strength has helped it navigate ongoing supply-chain and component cost pressures better than peers, the brokerage said.

UBS raised its price target on Cisco to $132 from $95 and reiterated its buy rating.

Price: $114.99, Change: $+13.12, Percent Change: +12.88%

Related Articles

Australia

Sky Harbour Q1 Loss Narrows, Revenue Rises; Shares Fall After Hours

Sky Harbour Group (SKYH) reported a Q1 loss late Thursday of $0.16 per diluted share, narrowing from a loss of $0.19 a year earlier.Analysts polled by FactSet expected a loss of $0.13.Revenue in the three months ended March 31 rose to $8.73 million from $5.59 million a year earlier.Analysts surveyed by FactSet expected $9.8 million.Sky Harbour shares fell 4.9% in after-hours trading.

$SKYH
Australia

KinderCare Learning Q1 Adjusted Earnings Fall, Revenue Rises; Shares Drop After Hours

KinderCare Learning (KLC) reported Q1 adjusted earnings late Thursday of $0.04 per diluted share, down from $0.23 a year earlier.Analysts surveyed by FactSet expected a loss of $0.01.Revenue in the three months ended April 4 rose to $672.5 million from $668.2 million a year earlier.Analysts surveyed by FactSet expected $669.1 million.The company boosted full-year adjusted EPS guidance to $0.15 to $0.25 from the previous forecast of $0.10 to $0.20. It affirmed the revenue outlook of $2.7 billion to $2.75 billion.Analysts expect EPS of $0.15 on revenue of $2.71 billion.KinderCare shares fell 6.2% in after-hours trading.

$KLC
Australia

Globant Q1 Adjusted EPS Unchanged, Revenue Declines; Q2 Guidance Set

Globant (GLOB) reported Q1 adjusted earnings late Thursday of $1.50 per diluted share, unchanged from a year earlier.Analysts polled by FactSet expected $1.49.Revenue for the three months ended March 31 was $607.1 million, down from $611.1 million a year earlier.Analysts surveyed by FactSet expected $601.7 million.For Q2, the company expects adjusted EPS of $1.45 to $1.55 on revenue of $610 million to $616 million. Analysts expect EPS of $1.54 on revenue of $613.3 million.For the full-year 2026, the company expects adjusted EPS of $6.10 to $6.50 on revenue of $2.46 billion to $2.51 billion. Analysts expect EPS of $6.24 on revenue of $2.48 billion.

$GLOB