Coherent and Cisco shares dropped after reporting strong fiscal Q4 results, with Coherent's cash flow down sharply and Cisco facing margin pressure from AI hardware costs. Meanwhile, Ciena and Nokia stocks rose, benefiting from growing demand for data center interconnect and optical transport driven by AI infrastructure growth. Analysts see positive signals for Nokia and Ciena from Cisco's strong telecom orders and expanding AI data center needs, suggesting continued growth in this sector.
Cisco Systems reported a record fiscal year with Q4 revenue and earnings surpassing expectations, driven by a surge in AI infrastructure orders. Despite an 8.4% stock drop after earnings, the company projects 15% revenue growth for FY2027 and highlig...
Cisco CEO Chuck Robbins highlighted the company's strong fiscal Q4 results with 15% revenue growth, surpassing analyst expectations of 9%, driven by rapid expansion in AI networking and hyperscaler demand. He described AI infrastructure as a long-ter...
Morgan Stanley has set a price target of $135 for Cisco, suggesting an 8.98% upside from its current price of $123.88. Cisco reported record Q4 revenue of $17.30 billion, an 18% increase year-over-year, driven by strong demand linked to an AI super c...
Lenovo reported a record 43% revenue growth driven by AI infrastructure demand, lifting Dell and HP shares in premarket trading. Dell raised its AI server shipment guidance, and HP saw strong PC sales growth tied to AI adoption. Meanwhile, Cisco beat...
US stock futures showed little movement as investors awaited the Producer Price Index release, which follows a cooling consumer inflation report for July. The softer inflation data has reduced expectations for a September rate hike, though Federal Re...
