Tag
#CSCO
Stocks
Cisco (CSCO) surges 17% on Q3 beat as AI orders double to $9bn
Cisco shares jumped 17% in extended trading after the networking giant beat Q3 estimates, raised its AI infrastructure orders forecast to $9bn from $5bn, and unveiled a $1bn restructuring that will cut nearly 4,000 positions.
By Avery Lin
Earnings
Cisco closes at record $96.57 ahead of Q3 earnings as AI orders climb
Cisco Systems shares closed at a record $96.57 on Friday, rising 4.8 per cent, as investors positioned ahead of fiscal third-quarter results due May 13. AI infrastructure orders are expected to approach $5bn for the year.
By Avery Lin
