Networking and Telecom Equipment: Networking Takeaways from our 2026 BofA Global Technology Conference

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Networking and Telecom Equipment: Networking Takeaways from our 2026 BofA Global Technology Conference

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Networking and Telecom Equipment

Networking Takeaways from our 2026

BofA Global Technology Conference

Price Objective Change

Key takeaways from our Conference 08 June 2026

Last week, we hosted several networking sessions at our Global Technology Conference Equity

in San Francisco, including keynotes, fireside chats and panel presentations across both Global

public and private companies. We summarize our key takeaways from sessions with Telecom Equipment

Arista, Cisco (Cybersecurity), Extreme Networks, and Motorola Solutions, and raise our Tal Liani

POs for Arista, Cisco, and Extreme (details from Page 2 onwards). Research Analyst

BofAS

Arista: AI and Campus growth expands the L-T opportunity +1tal.liani@bofa.com646 855 5107

Arista highlighted durable growth drivers across AI networking and campus, with AI Tomer Zilberman

fabrics emerging as a key growth vector as deployments expand from front-end to back- ResearchBofAS Analyst

end architectures. Management sees the AI cycle as multi-year and increasingly broad- +1 646 855 3203

tomer.zilberman@bofa.com

based starting from hyperscalers and moving to neoclouds and enterprises. Management

Kevin Niederpruem

also remained constructive on its ability to address supply constraints and Research Analyst

decommitments. We believe the Company’s 28% growth guidance for 2026 is BofAS +1 646 855-1540

conservative, but flag that investors should expect deferred revenues to flatten or even kevin.niederpruem@bofa.com

decline this year, as completion of data center buildouts from large customers would Eden Vacnich

trigger the conversion of deferred to recognized revenues. Research Analyst BofAS

+1 646 855 1971