Cisco announced record revenue and earnings for Q4 and fiscal year 2026, driven by broad demand for its networking products and AI infrastructure. Q4 revenue rose 18% to $17.3 billion, with GAAP EPS up 52% year-over-year. The company expects continued growth in FY 2027, projecting revenue between $72.2 billion and $73.4 billion, supported by strong AI adoption and operational efficiency. Cisco also declared a quarterly dividend and highlighted strategic acquisitions to bolster its technology portfolio.
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-ter...
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...
