US EditionCisco's AI Expansion and Cloud Growth Drive Analyst Upgrades And Price Hikes, Citing Growth Like Extreme & Juniper - Cisco Systems (NASDAQ:CSCO)
- Cisco reported second-quarter earnings of 94 cents per share, surpassing the analyst estimate of 91 cents, with quarterly revenue reaching $13.9 billion, exceeding the $13.87 billion estimate.
- Product orders grew by 29% year-over-year, and AI Infrastructure orders reached over $350 million, totaling approximately $700 million for the first half of fiscal 2025.
- Chuck Robbins, CEO of Cisco, noted that the strong results were driven by accelerating customer demand for the company's technology.
- Cisco projects third-quarter EPS between 90 cents and 92 cents and revenue ranging from $13.9 billion to $14.1 billion, exceeding analyst expectations.
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Total News Sources16
Leaning Left1Leaning Right1Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
14%
C 71%
14%
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