Cisco shares are surging double digits. Morgan Stanley thinks the stock is still cheap

Cisco is gaining double digits this week as Morgan Stanley says the company has room to run, citing accelerating product orders tied to artificial intelligence demand. The note points to improving fundamentals and AI-driven order momentum as the key bullish catalyst. The news is supportive for Cisco shares but is more analyst-driven than a major fundamental update.

Analysis

Cisco is gaining double digits this week as Morgan Stanley says the company has room to run, citing accelerating product orders tied to artificial intelligence demand. The note points to improving fundamentals and AI-driven order momentum as the key bullish catalyst. The news is supportive for Cisco shares but is more analyst-driven than a major fundamental update.