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Cisco CEO predicts AI will force multi-billion dollar infrastructure reset
TheStreet93d agoneutral
Cisco CEO predicts AI will force multi-billion dollar infrastructure reset

Cisco Systems (CSCO) climbed 25% in the past week as investors woke up to a simple shift. AI is driving a multibillion-dollar rebuild of the networks that power modern computing, and Cisco sits squarely in that spend cycle. That shift could ripple across the broader tech industry. As AI workloads ...

Cerebras Soars: Heard on the Street Thursday Recap
The Wall Street Journal93d agobullish
Cerebras Soars: Heard on the Street Thursday Recap

President Trump and Chinese leader Xi Jinping agreed Iran shouldn't control the key waterway. The S&P 500 rose 0.8%, and the Nasdaq Composite jumped 0.9%. Shares of Cerebras Systems priced at $185 in their public offering and opened trading at $350 on Thursday.

Cisco’s results more ‘legit’ now than in dotcom era, expert says
Reuters Videos93d agoneutralVIDEO
Cisco’s results more ‘legit’ now than in dotcom era, expert says

<body><p>STORY: Cisco shares surged to a record-high on Thursday after the company posted AI demand-powered strong results and announced nearly 4,000 job cuts to redirect investments into technology.</p><p>Cisco has emerged as a big winner from Big Tech's AI spending spree, thanks to its key role in supplying gear crucial to the functioning of data centers. The stock had gained 32% this year by Wednesday's close.</p><p>Lang said that "if you go back to the dotcom era, when Cisco was the king of all the tech names," the company's internet networking equipment was "starting to die out."</p><p>"Whereas today, Cisco has made that transformation into becoming an AI security network company," he added, calling it an area of technology that is just "starting to get bigger and better."</p></body>

Associated Press93d agoneutral
How major US stock indexes fared Thursday 5/14/2026

The U.S. stock market rose to more records after Cisco Systems joined the parade of companies reporting fatter profits for the start of 2026 than analysts expected. The Nasdaq composite added 0.9% to its own record. Cisco led the way after talking up demand it’s seeing from AI and other customers, while oil prices held relatively steady.

From Cisco to Block, more companies are pointing to AI when unveiling job cuts
Associated Press93d agobearish
From Cisco to Block, more companies are pointing to AI when unveiling job cuts

AI is rarely the sole reason companies cite when taking layoffs, with most still pointing to wider corporate restructuring or macroeconomic headwinds. On Wednesday, Cisco Systems announced plans to cut under 4,000 jobs, or about 5% of its workforce. The announcement arrived the same day the tech giant unveiled record revenue for its third fiscal quarter, amid soaring demand for its AI tools and infrastructure.

MT Newswires93d agoneutral
Top Midday Gainers

Cisco (CSCO) overnight reported a year-over-year jump in fiscal Q3 earnings and revenue, topping mar

Jim Cramer on Cisco: “Regretfully Sold, and I Wish I Hadn’t”
Insider Monkey93d agoneutral
Jim Cramer on Cisco: “Regretfully Sold, and I Wish I Hadn’t”

Cisco Systems, Inc. (NASDAQ:CSCO) was one of the stocks on which Jim Cramer shared his take, explaining that dot-com analogies do not hold up in this market. Cramer expressed regret over selling the stock, as he commented: Next is one that I regretfully sold, and I wish I hadn’t. It’s called Cisco Systems, which is […]

Cisco Soars on Forecast Boost, AI-Focused Job Cuts
Bloomberg93d agobullishVIDEO
Cisco Soars on Forecast Boost, AI-Focused Job Cuts

Cisco Systems Inc. jumped by the most in more than 14 years after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which runs through July, the company said in a statement Wednesday. Analysts estimated sales of $15.8 billion, according to data compiled by Bloomberg. The news signaled that Cisco, a four-decade-old stalwart of Silicon Valley, is successfully pivoting to the AI economy. Orders from data center customers are accelerating, and the company's restructuring plan is designed to further improve its position. Bloomberg's Ryan Vlastelica takes a closer look.

CSCO: The $9 Billion AI Breakout Investors Missed
Trefis93d agobearish
CSCO: The $9 Billion AI Breakout Investors Missed

Cisco Systems (NASDAQ: CSCO) shares surged as much as 17% in post-market trading following the Q3 2026 release, though the rally was not merely a reaction to the headline numbers. While revenue hit $15.84 billion, surpassing the $15.56 billion consensus, and non-GAAP EPS of $1.06 cleared expectations, the real catalyst was a massive upward revision in the company's full-year outlook. By raising fiscal 2026 revenue guidance to a range of $62.8 billion to $63.0 billion, Cisco signaled that a speci