On August 13, Cisco rose 7.56% in after-hours trading, trading at $133.22/share, with turnover of $118 million. The stock surged immediately following the release of its fiscal fourth-quarter earnings report.

On the news front, Wall Street consensus had expected Cisco to deliver Q4 EPS of $1.17, representing 18% year-over-year growth, with revenue projected at $16.83 billion, up 14.7% year-over-year. The company had previously raised its full-year AI infrastructure solutions order outlook from $5 billion to $9 billion, signaling robust demand. Over the past two years, Cisco achieved a 100% beat rate on both revenue and EPS versus market expectations. In the three months leading up to the report, EPS and revenue estimates received 18 upward revisions with zero downgrades.

Multiple investment banks had raised their price targets ahead of earnings, including JPMorgan to $145, Citigroup to $139, Bank of America to $150, and Morgan Stanley to $130, all maintaining overweight or buy ratings.

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