Cisco CEO Chuck Robbins highlighted the company's strong fiscal Q4 results with 15% revenue growth, surpassing analyst expectations of 9%, driven by rapid expansion in AI networking and hyperscaler demand. He described AI infrastructure as a long-term growth driver, supported by Cisco's proprietary silicon and optics technology, and noted significant order growth across hyperscalers, telecom, enterprise, and public sectors. Cisco projects $7.5 billion in AI infrastructure revenue for fiscal 2027, signaling a potential multi-year networking supercycle. Despite the beat, shares fell 9%, and investors will watch if Cisco can sustain momentum and convert its AI revenue targets into shipped systems.
Coherent and Cisco shares dropped after reporting strong fiscal Q4 results, with Coherent's cash flow down sharply and Cisco facing margin pressure from AI hardware costs. Meanwhile, Ciena and Nokia stocks rose, benefiting from growing demand for dat...
Morgan Stanley has set a price target of $135 for Cisco, suggesting an 8.98% upside from its current price of $123.88. Cisco reported record Q4 revenue of $17.30 billion, an 18% increase year-over-year, driven by strong demand linked to an AI super c...
Lenovo reported a record 43% revenue growth driven by AI infrastructure demand, lifting Dell and HP shares in premarket trading. Dell raised its AI server shipment guidance, and HP saw strong PC sales growth tied to AI adoption. Meanwhile, Cisco beat...
US stock futures showed little movement as investors awaited the Producer Price Index release, which follows a cooling consumer inflation report for July. The softer inflation data has reduced expectations for a September rate hike, though Federal Re...
Google co-founder Sergey Brin is pushing the AI team to speed up development and monetization of its Gemini AI model, focusing on recursive self-improvement for better performance in each iteration. Meanwhile, Cisco reported strong Q4 results with 35...
