Cisco Systems Stock Jumps 13% After Raising Revenue and Earnings Guidance
Cisco Systems stock surged more than 13% after raising its revenue and earnings guidance for the upcoming quarter. This move spearheaded an AI-driven rally that helped the Nasdaq 100 close at a record 26,635.
1. Guidance Revision
Cisco Systems raised its revenue guidance for the upcoming quarter and lifted its earnings-per-share outlook, citing stronger enterprise demand and healthy order trends.
2. Stock Performance
On Thursday, shares of Cisco climbed over 13%, marking one of the company’s largest single-day gains in recent years and outperforming broader market indices.
3. AI-Driven Rally
The guidance boost reignited enthusiasm for AI hardware providers, driving the Nasdaq 100 to a record closing level of 26,635 and contributing to a broader tech-led market rally.
Related News
LPLA
LPL Financial Acquires $1B Cebert Wealth Team Serving 1,700 Clients
LPLA•
SPY
SPDR S&P 500 ETF Rallies on 9bps Yield Drop and 4% Oil Slide
SPY•
BBAI
BigBear.ai Gains 6.8% on Panama Canal AI Security Deal
BBAI•
GLOO
Gloo Survey Finds One in Three Adults Trust AI Spiritually; 65% of Christians Concerned
GLOO•
IWM
Russell 2000 ETF Tests $270 Support After Six-Year Range Breakout
IWM•
Sources
BGF2