Cisco Earnings Boost and AI Outlook

2 months ago

Alexandra Seanova

"All right, let's go to one name that we talked about a lot today. Um actually 24 hours ago they were reporting their earnings after the close, but today we got market reaction and that is Cisco. Yeah, something ironic about talking about Cisco at a time when everyone is uh comparing this time to the 1999.com bust, but that stock is actually was doing well today. Shares gained after it boosted its 2026 forecast showing progress in its effort to capture AI spending. Uh the company is of course the top maker of machines that run computer networks and the internet as we know uh from the internet boom. It now expects sales of as much as $61 billion in the fiscal year ending in July. That is $1 billion more than previously expected. Uh the stock rose 4.6% 6% today and it's up about 31% year to date. So a really solid run for this company that obviously was such a big focus."

The discussion highlights Cisco's strong post-earnings performance, including an upgraded 2026 forecast and increased fiscal year sales expectations. The upbeat market reaction, with notable percentage gains and a 31% year-to-date rise, reinforces the positive outlook amid the AI spending narrative.

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