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Cisco shares hit all-time highs after unveiling new AI cybersecurity and management tools.

Market News
02 Jun 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Cisco shares rose 5% to a record $127 following the launch of Cisco Cloud Control and Live Protect, AI-driven platforms enhancing cybersecurity and infrastructure management. This move pressures dedicated security firms like Palo Alto Networks and CrowdStrike, whose stocks fell. Cisco's strong Q3 FY2026 results and raised AI infrastructure order targets support optimism, while Arista Networks also benefits from AI networking demand. Investors should watch customer adoption and upcoming earnings for signs of sustained growth amid valuation concerns.

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