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Cisco shares rise ahead of Q4 earnings on AI networking demand
Cisco Systems shares rose 2.17% to $123.07 on Wednesday as investors await the company’s fourth-quarter earnings after market close. Wall Street expects adjusted earnings of $1.17 per share on revenue of approximately…
The Story in Brief
Cisco Systems shares rose 2.17% to $123.07 on Wednesday as investors await the company’s fourth-quarter earnings after market close. Wall Street expects adjusted earnings of $1.17 per share on revenue of approximately $16.82 billion, which would be a new quarterly record.
The stock has gained nearly 60% this year and is near its record high of $130.37, driven by enthusiasm around artificial intelligence infrastructure spending and a networking equipment refresh cycle. Cisco raised its full-year guidance after a strong third quarter, with revenue of $62.8 billion to $63 billion and adjusted earnings of $4.27 to $4.29 per share.
The Indian Opinion
The rally in Cisco stock feeds a narrative that AI infrastructure spending will lift all tech boats. But Cisco’s 35% order jump includes hyperscale customers; strip them out, orders rose just 19%. The real test is whether enterprise and telecom customers, facing tight budgets, will sustain the refresh cycle. Watch the forward guidance and commentary on non-hyperscale demand, those numbers will separate hype from reality.
Source: livemint.com
This story was synthesised by AI from the source linked above.
