Cisco beats earnings expectations as AI spurs networking gear demand
Companies have been ramping up investments in AI technologies which require heavy computing power, creating a spike in demand for data centers, which use Cisco's products such as ethernet switches and routers. However, the California-based company has been ...
Cisco stock drops after mixed fiscal Q1 earnings
Cisco (NASDAQ:CSCO) stock was falling on Thursday, down roughly 2.5% after the technology pioneer reported mixed results in its fiscal first quarter. The technology pioneer that was once the most valuable company in the world back in 2000 has much less cache among investors these days, trading at around $58 per share.
Investor's Business Daily on MSN18h
Cisco Earnings: Product Orders Rebound, Revenue Outlook Above ViewsCisco reported fiscal Q1 earnings that fell from a year earlier but topped Wall Street estimates while revenue met views.
This fiscal Q1 ’25 is the last tough “compare” Cisco has against last year’s “inventory overhang”, and the forward estimates ...
Citi analyst Atif Malik maintained a Buy rating on Cisco Systems (CSCO – Research Report) today and set a price target of $64.00. Atif ...
The seller of routers, switches, software and services posted revenue of $13.84 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $13.76 billion.
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Cisco Systems (CSCO) Surpasses Q1 Earnings and Revenue EstimatesCisco (CSCO) delivered earnings and revenue surprises of 4.60% and 0.57%, respectively, for the quarter ended October 2024. Do the numbers hold clues to what lies ahead for the stock?
The networking equipment company’s results were hurt by $665 million in restructuring and other charges, but still beat ...
China's Volt Typhoon crew and its botnet are back, compromising old Cisco routers once again to break into critical ...
Legacy devices are again being hijacked by Volt Typhoon to target critical infrastructure and governmental departments.
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