Cisco Raises Annual Revenue Forecast on Strong AI Networking Demand

Cisco's upgrade of its annual revenue forecast based on AI networking demand is a positive catalyst for the fundamental outlook. The price has already risen 3.65% in 24 hours and is trading above the SMA20/SMA50; RSI at 60.7 is approaching overbought territory but is not there yet. MACD is slightly above the signal line, with momentum positive. In the short term, the positive impact of the news may continue, but some of the rally may already be priced in; therefore, I expect a moderate upward trend.

Cisco's upward revision of its revenue forecast based on AI networking demand signals that AI infrastructure spending remains strong, which could carry an indirect positive tone for major tech names like GOOGL. However, this news is not a direct catalyst for Alphabet; its impact may remain limited through sector sentiment. On the technical side, the price is above the SMA20 and SMA50, while the RSI at 62 maintains momentum without approaching overbought territory; MACD is positive above its signal. After a 3% rise in 24 hours, there is some risk of short-term profit-taking. Therefore, I see the direction as slightly positive but keep confidence at a moderate level.

Cisco's upward revision of its revenue forecast based on AI networking demand sends a strong demand signal for the networking hardware sector and could create a positive read for sector players like ANET. However, ANET has already risen 11.9% in 24 hours and its RSI of 73 is approaching overbought territory, which may limit short-term upside potential. The MACD is above its signal line and the price is above the SMA20/SMA50, indicating a strong trend. Although the news impact is partially positive, overbought conditions present a risk of profit-taking in the short term. Therefore, I see the direction as upward but maintain moderate confidence.