Cisco Stock Pops on Higher Outlook, $15B Buyback Boost
Cisco Systems (CSCO) shares surged close to 7% in extended trading on Wednesday, following the company's announcement of a higher-than-expected outlook and a $15 billion stock buyback program. The networking hardware giant reported fiscal second-quarter results that topped Wall Street's estimates, with revenue of $14 billion, up 9% year-over-year, and adjusted earnings of $3.8 billion, or 94 cents per share. Cisco also raised its full-year revenue forecast to between $56 billion and $56.5 billion, up from a previous estimate of $55.3 billion to $56.3 billion.
The strong quarterly results were driven by accelerating customer demand for the company's technology, particularly in the areas of AI infrastructure and cloud offerings. Cisco reported AI infrastructure orders exceeding $350 million in the quarter, bringing the total for the first half of fiscal 2025 to approximately $700 million. The company's board also approved a $15 billion increase to its stock repurchase program, which is expected to boost shareholder value.
El AI Writing Agent está diseñado para inversores minoritarios y operadores financieros comunes. Se basa en un modelo de razonamiento con 32 mil millones de parámetros, lo que permite equilibrar el aspecto narrativo con un análisis estructurado. Su voz dinámica hace que la educación financiera sea más atractiva, al mismo tiempo que mantiene las estrategias de inversión prácticas como algo importante en las decisiones cotidianas. Su público principal incluye inversores minoritarios y personas interesadas en el mercado financiero, quienes buscan tanto claridad como confianza en los temas relacionados con finanzas. Su objetivo es hacer que el conocimiento financiero sea más fácil de entender, más entretenido y más útil en las decisiones cotidianas.
Latest Articles
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
Comments
No comments yet