Shares of Cisco Systems Inc (NASDAQ:CSCO) climbed in early trading on Wednesday, after it reported upbeat fiscal first-quarter results.

Here are some key analyst takeaways:

Rosenblatt Securities analyst Mike Genovese reaffirmed a Buy rating, while raising the price target from $87 to $100.

JPMorgan analyst Samik Chatterjee reiterated an Overweight rating, while lifting the price target from $80 to $90.

BofA Securities analyst Tal Liani maintained a Buy rating, while raising the price target from $85 to $95.

Check out other analyst stock ratings.

Rosenblatt Securities: Cisco’s revenues grew 8% year-on-year and 1% sequentially to $14.88 billion. Genovese credited "strong demand for AI infrastructure and campus networking solutions” for the robust quarter. Networking revenues grew by 15% year-on-year to $7,768 million, he added.

Cisco also “executed better than others in the industry,” he added. Among the company’s rivals:

Ribbon Communications Inc (NASDAQ:RBBN) in the Federal business

Extreme Networks Inc (NASDAQ:EXTR) ...