Cisco up after raising annual revenue forecast
CSCO•Cisco raised its fiscal 2027 revenue forecast to $74.8 billion-$75.8 billion from $72.2 billion-$73.4 billion, citing demand for AI networking equipment and cybersecurity tools. It also beat first-quarter estimates, reporting $18.52 billion in revenue and adjusted EPS of $1.40.
1. Forecast and results
Cisco shares rose about 2% in extended trading after the company raised its fiscal 2027 revenue forecast to $74.8 billion-$75.8 billion. First-quarter revenue was $18.52 billion, above the $18.14 billion average estimate, while adjusted EPS of $1.40 topped the $1.33 estimate.
