Published • loading... • Updated
Cisco's AI Expansion and Cloud Growth Drive Analyst Upgrades And Price Hikes, Citing Growth Like Extreme & Juniper - Cisco Systems (NASDAQ:CSCO)
- Cisco reported second-quarter earnings of 94 cents per share, surpassing the analyst estimate of 91 cents, with quarterly revenue reaching $13.9 billion, exceeding the $13.87 billion estimate.
- Product orders grew by 29% year-over-year, and AI Infrastructure orders reached over $350 million, totaling approximately $700 million for the first half of fiscal 2025.
- Chuck Robbins, CEO of Cisco, noted that the strong results were driven by accelerating customer demand for the company's technology.
- Cisco projects third-quarter EPS between 90 cents and 92 cents and revenue ranging from $13.9 billion to $14.1 billion, exceeding analyst expectations.
Insights by Ground AI
16 Articles
16 Articles
Cisco Systems was among the winners at the New York stock markets on Thursday. The maker of network equipment posted more sales and profit than expected last quarter. The company also raised the revenue forecast for the entire financial year. According to CEO Chuck Robbins, Cisco is well positioned to continue benefiting from strong demand for artificial intelligence (AI) applications. The stock rose 6 percent.
·Apeldoorn, Netherlands (Kingdom of the)
Read Full Article
4th of July SaleGet 40% off Vantage subscriptions for yourself or a friend.Get Started
Coverage Details
Total News Sources16
Leaning Left2Leaning Right2Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
Factuality
To view factuality data please Upgrade to Premium
