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 record $15.8 billion and adjusted earnings per share exceeding expectations. Cisco is redirecting investments to high-demand areas like AI, security, and networking, securing $5.3 billion in AI infrastructure orders so far this year and projecting up to $9 billion by FY2026. The company will support affected workers with severance and job placement assistance, expecting restructuring costs up to $1 billion.
Cisco is set to report its fiscal Q1 2027 earnings with a focus on cloud growth and AI demand. Analysts expect revenue around $18.1 billion, operating income of $6.5 billion, and earnings per share of $1.33, reflecting strong year-over-year growth. T...
Cisco is scheduled to announce its fiscal Q1 2027 financial results, with consensus analyst expectations forecasting $18.1 billion in revenue, $6.5 billion in operating income, and $1.33 in earnings per share. These figures represent year-over-year g...
Cisco Systems has been upgraded to a Buy rating due to surging demand for AI infrastructure and strong order momentum in hyperscaler and campus segments. AI-related revenue is projected to reach $7.5 billion by fiscal year 2027, growing from less tha...
Cisco Systems shares rose 5.1% to $98.65 ahead of its fiscal Q1 2027 earnings report due November 12 after market close. The stock has shown volatile 8%+ moves following the last three earnings, reflecting market sensitivity to Cisco's AI infrastruct...
Cisco announced integration of Anthropic's Claude Mythos into its AI Defense platform to simulate advanced AI attacks, helping enterprises identify vulnerabilities in AI systems. Alongside, Cisco introduced Splunk Agent Observability enhancements for...
