Cisco climbs ahead of results, AI buildout in focus
CSCO•Cisco shares rose 0.8% ahead of quarterly results due after the bell. Analysts expect revenue to rise about 22% to $18.135 billion and adjusted EPS to reach $1.33, up from $1.00 a year earlier.
1. Results expectations
Investors are watching for Cisco’s AI buildout to drive further revenue growth. The networking equipment maker is expected to report quarterly revenue of about $18.135 billion and adjusted EPS of $1.33.
2. Outlook and shares
In its previous results on August 12, Cisco forecast fiscal 2027 revenue above Wall Street expectations, citing confidence in demand for its AI networking gear. The stock was up 32% year to date, compared with a 10% rise for the Nasdaq, and traded at 19 times expected earnings versus its five-year average forward price-to-earnings ratio of 15.
