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Cisco beats Q1 earnings estimates, stock jumps 35% as it pushes into AI infrastructure

Company Fundamentals
12 Nov 2026, 23:18 WIB
CNBC
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Bullish
Cisco beats Q1 earnings estimates, stock jumps 35% as it pushes into AI infrastructure

Cisco reported fiscal Q1 earnings with adjusted EPS of $1.40 and revenue of $18.5 billion, both exceeding analyst expectations. The company's net income rose significantly from the previous year, driven by a 24% revenue increase. Cisco is aggressively expanding into AI infrastructure, doubling its revenue forecast to $9 billion for this fiscal year, aiming to catch up in the AI boom. For Q2, Cisco expects revenue and earnings to again surpass estimates, signaling strong growth momentum.

Cisco Systems Inc shares are trading at USD 104.90 on Pluang as of Nov 13, 2026 04:14 WIB, up 4.11% in the last day. The stock's market capitalization stands at $397.26 billion, reflecting strong investor interest following the company's positive earnings report. Most Pluang users are buyers, with 91% of order activity favoring purchases, indicating confidence in Cisco's growth prospects.

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