Cisco reported better-than-expected earnings of $1.06 per share and revenue of $15.84 billion for the quarter ending April 25, surpassing analyst estimates. The company saw a 12% revenue increase year-over-year and raised its AI infrastructure order forecast to $9 billion for the fiscal year, up from $5 billion. Cisco also introduced new networking switches and routers with next-gen processors and launched a generative AI model leaderboard focused on cybersecurity. The strong results and optimistic guidance pushed Cisco shares higher in after-hours trading, highlighting growing investor confidence in its AI and networking growth prospects.
Cisco Systems reported a 12% year-over-year revenue increase to $15.8 billion in Q3 FY 2026, with GAAP EPS rising 37% to $0.85. The growth was fueled by strong demand for AI infrastructure and networking products, including a major campus networking ...
US stock futures showed mixed results with Dow Jones futures falling while S&P 500 and Nasdaq 100 futures rose, following President Trump's visit to China accompanied by major tech CEOs including Nvidia's Jensen Huang and Apple's Tim Cook. Key stocks...
Anthropic developed Mythos, an AI model that identifies thousands of long-standing security vulnerabilities across major software platforms, prompting the company to restrict its release. This discovery led to an emergency meeting with US financial l...
President Donald Trump has invited leading US executives, including Elon Musk and Tim Cook, to join his trip to China this week. The delegation will meet with Chinese President Xi Jinping to discuss key issues such as trade, artificial intelligence, ...
US markets face a busy week with the April Consumer Price Index report expected to influence Federal Reserve policies amid steady core inflation and rising energy costs. Retail sales and credit trends will also be monitored for signs of consumer resi...
