On August 4, Cisco rose 3.47% in regular trading, trading at $121.51/share, with turnover of $287 million. The stock gained momentum after reports emerged that Cisco, alongside NVIDIA and CrowdStrike, is co-drafting AI security guidelines known as the SAFE framework.
The SAFE guidelines cover multiple areas including confidential collection of AI security incidents, notification of affected parties, identification of control failures, and publication of operational recommendations. This initiative reinforces Cisco's positioning in the rapidly expanding AI security domain.
Cisco has been steadily building its AI security portfolio in recent months. The company launched the Antares series of security small language models designed for vulnerability identification, released its Cloud Control Platform enabling human operators and AI agents to collaborate, and joined the Open Security AI Alliance. Additionally, its Talos threat intelligence team recently disclosed a novel remote access trojan, demonstrating ongoing cybersecurity research capabilities. Multiple investment banks have raised their price targets on Cisco, with JPMorgan lifting its target to $145 and Bank of America to $150, both maintaining bullish ratings.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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