Cisco Systems, Inc. (NASDAQ:CSCO) is one of the Best Technology Stocks to Buy for the Long Term. On March 3, Cisco Systems, Inc. (NASDAQ:CSCO) presented at Morgan Stanley’s Technology, Media & Telecom Conference. Management highlighted strong FQ2 2026 performance driven by global demand and strategic execution in AI infrastructure and security.

The company reported 18% growth in product orders, driven by $2.1 billion in new AI infrastructure orders from hyperscalers. Notably, this matched the prior year’s total in just 90 days. Moreover, advanced purchase commitments rose $1.8 billion to address supply chain pressures, including memory price increases.

Management noted that all regions including Americas, EMEA, and APJC posted double-digit growth, with public sector and enterprise verticals accelerating. Notably, the hardware segment surged over 20%, software and subscriptions exceeded 50% of revenue. Management noted that despite gross margin pressures, operating margins hit a four-quarter high. Looking ahead, Cisco views the campus refresh cycle as an early-stage, multi-year opportunity and expects organic security growth to approach double-digits by fiscal year-end.

Cisco Systems, Inc. (NASDAQ:CSCO) provides networking, cybersecurity, and video surveillance solutions. It enables secure communication, real-time monitoring, and advanced threat detection for enterprises and public safety, supporting robust private security and surveillance infrastructure worldwide.

While we acknowledge the potential of CSCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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