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May 14 (Reuters) - Futures tracking the S&P 500 and the Nasdaq rose to record highs on Thursday as Nvidia's shares jumped, while investors watched developments around the high-stakes U.S.-China summit
↗️ Cisco Systems (CSCO): The tech conglomerate is cutting jobs so that it can pour more resources into silicon, optics, security and AI. Shares soared 18% premarket. 🔎 Cerebras Systems (CBRS): The chipmaker will start trading today after raising $5.
U. S. equity futures moved higher on Thursday as investors balanced renewed enthusiasm for artificial intelligence against geopolitical uncertainty surrounding the summit between Donald Trump and Xi Jinping.
Investing.com -- Nokia shares jumped more than 7% on Thursday after Cisco reported quarterly results and issued guidance that topped Wall Street expectations, lifting sentiment across the broader networking sector.
Shares in Cisco Systems (CSCO) surged premarket after the company laid out plans to cut thousands of jobs to free up cash for artificial intelligence. In announcing it plans to shed about 5% of its workforce just this quarter, Cisco joins a number of companies making drastic cuts to adapt to the AI era—most recently GitLab (GTLB), which made headlines earlier this week when it outlined plans to shrink its footprint and headcount, scrap layers of management and use AI to automate certain functions. Cisco shares are up about 18% ahead of the opening bell.
The job cuts were revealed alongside Cisco’s Q3 FY26 results, showing a 12% year-on-year revenue increase to $15.8bn.
(Updates with the latest stock price movement in the headline and the first paragraph.) Cisco Sys
View more earnings on CSCO With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Dillard’s Inc. (NYSE:DDS) to report quarterly earnings at $10.37 per share on revenue of $1.55 billion before the opening bell, according to data from Benzinga Pro. Dillard’s shares fell 0.4% to close at $532.92 on Wednesday. Cisco Systems Inc. (NASDAQ:CSCO) reported better-than-expected third-quarter financial resul
Cisco Systems (NASDAQ:CSCO) is cutting nearly 4,000 jobs as part of a sweeping restructuring effort designed to accelerate its push into artificial intelligence, security, silicon and networking infrastructure. Cisco Restructuring Focuses On AI, Security And Silicon On Wednesday, the networking giant announced the workforce reduction, framing the move as a strategic repositioning rather than a traditional cost-cutting initiative. Cisco said growing demand from hyperscale cloud customers and AI-r
Cisco Systems Inc (CSCO) reports a 12% revenue increase driven by strong AI demand, despite challenges in services revenue and gross margin.
Asian markets were mixed Thursday as investors weighed a high-stakes US-China summit and persistent inflation concerns, which tempered optimism fuelled by record highs on Wall Street.The cautious mood came after another tech-led rally on Wall Street, where the Nasdaq and S&P 500 hit fresh record highs overnight, buoyed by robust earnings and continued enthusiasm for artificial intelligence investment.
Cisco Systems stock: recent move and performance snapshot Cisco Systems (CSCO) has drawn fresh attention after its share price closed at US$101.87, with recent returns over the past month and past 3 months prompting investors to reassess the stock’s current positioning. See our latest analysis for Cisco Systems. The recent 1-month share price return of 23.70% and 3-month share price return of 35.83% sit alongside a 1-year total shareholder return of 70.04%. This points to momentum building...
Major U.S. indices ended Wednesday mixed, with the Dow Jones Industrial Average slipping 0.14% to 49,693.20, while the S&P 500 advanced 0.58% to 7,444.25 and the Nasdaq climbed 1.20% to 26,402.34. These are the top stocks that gained the attention of retail traders and investors through the day: Cisco Systems Inc. (NASDAQ:CSCO) Cisco’s stock climbed 2.60%, closing at $101.87 after reaching an intraday high of $102.01 and a low of $99.29. The stock’s 52-week range is between $60.84 and $102.01. I
Cisco reported record revenue and surging AI demand while announcing job cuts affecting thousands as it repositions for an AI-driven future.
(Bloomberg) -- Cisco Systems Inc. gained as much as 19% in late trading 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.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Iran War in
Cisco Systems (NASDAQ:CSCO) reported record fiscal third-quarter revenue and raised its expectations for artificial intelligence infrastructure orders, as executives said demand accelerated across hyperscale, enterprise and public-sector customers. Chair and CEO Chuck Robbins said Cisco delivered “
The headline numbers for Cisco (CSCO) give insight into how the company performed in the quarter ended April 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
The networking company said Wednesday that it is launching a restructuring that will cost up to $1 billion in severance, one-time termination benefits and other costs.
Cisco (CSCO) delivered earnings and revenue surprises of +1.92% and +1.71%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
Cisco Systems (NASDAQ:CSCO) reported third-quarter financial results on Wednesday. The transcript from the company's third-quarter earnings call has been provided below. This transcript is brought to you by Benzinga APIs. For real-time access to our entire catalog, please visit https://www.benzinga.com/apis/ for a consultation. View the webcast at https://events.q4inc.com/attendee/657245031 Watch the full earnings call below: Summary Cisco Systems reported record Q3 revenue of $15.8 billion, up
Investing.com -- Cisco Systems on Wednesday said that it was restructuring its business to focus on growth areas, including AI after it posted record revenue in its third quarter earnings, sending its shares up 11% in extended trading.
16% That’s how much Cisco Systems’ shares were up recently in after-hours trading following the company’s Wednesday announcement that it was cutting jobs as part of shift toward high-growth parts of its business, including artificial-intelligence infrastructure.
Gainers Cisco Systems (NASDAQ:CSCO) stock moved upwards by 15.9% to $118.06 during Wednesday's after-market session. The market value of their outstanding shares is at $392.1 billion. As per the press release, Q3 earnings came out today. Wrap Technologies (NASDAQ:WRAP) stock moved upwards by 11.11% to $1.6. The company's market cap stands at $79.3 million. The company's, Q1 earnings came out today. Innoviz Technologies (NASDAQ:INVZ) stock moved upwards by 9.1% to $1.0. The company's market cap s
The S&P 500 and Nasdaq ran higher, led by Google, Nvidia, Tesla and other titans. Cisco earnings beat while AI chipmaker Cerebras will price its IPO.
Cisco Systems' (CSCO) fiscal third-quarter results exceeded Wall Street's estimates, while the netwo
Cisco reported fiscal Q3 earnings and revenue that topped estimates. Cisco stock, which hit a record high on Wednesday, climbed on the news.
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