Cisco (CSCO) Stock Holds Steady After Beat and Raise as AI Forecast Jumps to $9B

TLDR Cisco (CSCO) stock was flat after hours following a first-quarter beat. Revenue rose 24% to $18.52 billion, and adjusted earnings hit $1.40 a share. Fiscal 2027 revenue guidance now stands at $74.8 billion to $75.8 billion. AI hyperscaler revenue is now forecast at $9 billion, up from $7.5 billion. Adjusted gross margin fell to [...]

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