Cisco reported a 12% revenue increase, boosting its stock nearly 20% in pre-market trading. The company plans to cut 4,000 jobs to focus on high-growth areas like AI. Despite positive analyst ratings and raised price targets, AI-driven models forecast a short-term decline in Cisco's stock price by up to 23% by the end of May. Long-term outlook remains bullish due to strong AI demand and infrastructure investments.
Kevin Warsh was confirmed as the next Federal Reserve chair in a narrow Senate vote, signaling potential challenges ahead in U.S. monetary policy. Meanwhile, President Trump met with Chinese President Xi Jinping in Beijing, discussing critical topics...
Cisco Systems announced plans to lay off nearly 4,000 employees, less than 5% of its global workforce, as part of a strategic shift toward artificial intelligence (AI). This move follows a strong Q3 FY2026 earnings report, with revenue hitting a reco...
Cisco Systems announced plans to lay off fewer than 4,000 employees, less than 5% of its workforce, as part of a restructuring to boost investment in artificial intelligence. The company will incur up to $1 billion in pre-tax charges, including $450 ...
Cisco reported better-than-expected earnings of $1.06 per share and revenue of $15.84 billion for the quarter ending April 25, surpassing analyst estimates. The company saw a 12% revenue increase year-over-year and raised its AI infrastructure order ...
Cisco Systems reported a 12% year-over-year revenue increase to $15.8 billion in Q3 FY 2026, with GAAP EPS rising 37% to $0.85. The growth was fueled by strong demand for AI infrastructure and networking products, including a major campus networking ...
