Aljian Capital Backs Cisco with $1.32 Million Investment

Aljian Capital Management LLC has invested $1.32 million in Cisco Systems, Inc. (NASDAQ:CSCO) by buying 11,253 shares of the network equipment provider's stock.

The investment was made during the second quarter and is detailed in Aljian Capital Management LLC's most recent Form 13F filing with the Securities & Exchange Commission.

Cisco Systems has been experiencing growth due to its AI infrastructure business, with record fiscal fourth-quarter revenue of $17.3 billion, up 18% year over year, and non-GAAP EPS of $1.22 exceeding the $1.17 consensus estimate.