Cisco delivered its best quarterly report in 15 years after Thursday’s close, but its stock had little to show for it by the end of the evening.
Revenue rose 24% year over year, and the company raised its full-year revenue and profit forecasts.
AI was the biggest growth driver.
Demand from large cloud providers for AI networking equipment has prompted the company to raise its expectations for this year again—to more than double last fiscal year’s level.
Management says the networking equipment supercycle is only just getting started.
The stock initially surged to around $110 after hours.
But before long, it gave back those gains, ending after-hours trading just below its regular-session closing price.
Nvidia-related turmoil roiled tech stocks that same day, and even a strong earnings report couldn’t overcome the mood.
Cisco has pulled back nearly 30% from its June high. It only tested a bottom last week, and buyers are still cautious.
On Friday, watch to see whether it can reclaim Thursday’s intraday high.
If it can’t, this report may do more to stop the slide than to bring investors back.
Would you chase an established company beating expectations, or keep waiting for AI leaders to steady themselves?
$CSCO
#美股财报 #Cisco
Revenue rose 24% year over year, and the company raised its full-year revenue and profit forecasts.
AI was the biggest growth driver.
Demand from large cloud providers for AI networking equipment has prompted the company to raise its expectations for this year again—to more than double last fiscal year’s level.
Management says the networking equipment supercycle is only just getting started.
The stock initially surged to around $110 after hours.
But before long, it gave back those gains, ending after-hours trading just below its regular-session closing price.
Nvidia-related turmoil roiled tech stocks that same day, and even a strong earnings report couldn’t overcome the mood.
Cisco has pulled back nearly 30% from its June high. It only tested a bottom last week, and buyers are still cautious.
On Friday, watch to see whether it can reclaim Thursday’s intraday high.
If it can’t, this report may do more to stop the slide than to bring investors back.
Would you chase an established company beating expectations, or keep waiting for AI leaders to steady themselves?
$CSCO
#美股财报 #Cisco
