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Cisco pops on increased full-year revenue forecast

1. Cisco reported 6% share price increase post strong fiscal results. 2. Revenue grew by 9% year-over-year, reversing four quarters of decline. 3. AI infrastructure orders surpassed $350 million during the latest quarter. 4. Splunk acquisition boosted security revenue by 117%, exceeding expectations. 5. Adjusted earnings forecast raised for 2025, surpassing analyst estimates.

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FAQ

Why Bullish?

Cisco's better-than-expected earnings and growth indicate strong market performance, similar to past surges.

How important is it?

Solid earnings report and positive outlook could lead to increased investor confidence.

Why Short Term?

Immediate positive reaction suggests short-term boosts; historical trends affirm quick adjustments.

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