Stocks
Cisco Stock Surges on AI Orders and Strong Guidance
Cisco Systems Inc., a leading player in the technology sector, saw its stock rise by 2.3% on September 17, 2026, to close at USD 110.24 on the Nasdaq.
The surge was driven by the company's AI orders and fiscal 2027 guidance, which exceeded investor expectations.
Cisco reported quarterly earnings per share (EPS) of USD 1.22 and revenue of USD 17.25 billion, beating estimates of USD 1.17 and USD 16.84 billion, respectively.
The company's net margin was a healthy 20.95%, while its revenue rose 17.6% year over year.