Cisco Systems moves onto Citi's “Positive Catalyst Watch.” Beneficiary of increased demand for switches and routers due to AI investments!

The stock of Cisco Systems (CSCO) has a great chance to break through the 52-week high. The networking equipment provider has been placed on the "Positive Catalyst Watch” by Citi, with a higher target of 68 USD (previously: 64 USD). The campus networks segment, which contributes about 20% to revenues, is expected to perform strongly. The numbers in February should reflect this. Speculation on good results should drive the stock, especially since Cisco Systems would also benefit from higher IT corporate spending. Additionally, the increasing computing...