Cisco is cutting about 4,000 jobs, around 5% of its workforce, to restructure costs and increase spending on AI and cybersecurity. This move comes even as the company reported record quarterly revenue and double-digit growth. Cisco aims to address security vulnerabilities in its products and enhance AI use across the company. The layoffs follow a trend among tech firms prioritizing AI investments while trimming staff, despite strong financial results.
Retail investors showed strong interest in five key stocks—Cisco Systems, Micron Technology, Nvidia, Microsoft, and Nebius Group—driven by AI infrastructure momentum, earnings beats, and geopolitical developments. Cisco reported record revenue and ra...
Strong earnings and optimistic guidance from companies involved in AI infrastructure, semiconductors, and data centers propelled major stock indices to new record highs. Key players like Cisco Systems, Nvidia, Applied Materials, and Broadcom led this...
Cisco Systems' stock surged 25.36% in one week following a strong Q3 FY26 report showing record revenue and robust AI infrastructure orders raised to $9 billion for FY26. Despite the rally, 24/7 Wall St. sets a 12-month price target slightly below cu...
Cisco is seeing strong investor optimism ahead of its May 13 earnings, driven by solid fundamentals like a 21% rise in networking revenue and $2.1 billion in AI infrastructure orders. However, some caution that the stock may have priced in too much g...
HSBC upgraded Cisco Systems from Hold to Buy and raised its price target to $137, citing accelerating AI infrastructure orders and a fiscal 2027 AI revenue forecast of at least $6 billion. This reflects a shift in Wall Street's view of Cisco from a l...
