$CSCO Price has moved back above all moving averages. The black EMA20 has crossed upward and is fanning out in a bullish configuration, re-establishing a classic bullish moving-average alignment. The bullish signal is clear following the pullback from the June high.
Fundamentals are aligned: the AI-driven Networking Supercycle is taking shape, with FY26 AI infrastructure orders reaching $9.3 billion and FY27 revenue guidance of $72.2–73.4 billion (including approximately $7.5 billion in AI infrastructure). Analysts’ price targets are around $136.
Technical and fundamental factors are converging. The key question is whether the stock can break through decisively and hold near its previous high. The mid-November earnings report is worth watching closely.

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