Cisco Crushes Q4 Earnings Estimates, Shares Surge

Cisco Systems shares rose in extended trading on August 11 after the networking giant reported fourth-quarter results and guidance that exceeded Wall Street's expectations. For the period ending July 25, Cisco earned an adjusted $1.22 per share as revenue came in at $13.04 billion.

This topped analyst estimates of $1.16 per share in adjusted earnings and $12.84 billion in revenue, according to data from Thomson Reuters. The networking giant's results were announced after the market close on Wednesday.

Cisco Systems' shares rose 2.5% in extended trading following the announcement, which was welcomed by investors as a positive sign for the company's future performance.