Cisco Systems Shares Rise 1% Amid Strong Earnings and AI Demand

Cisco Systems (NASDAQ:CSCO) shares rose 1% on Thursday after a series of positive developments.

The company's latest quarter showed revenue growth of 17.6% year over year to $17.25 billion, and earnings per share of $1.22, above the consensus estimate of $1.17.

Cisco has also seen strong demand for its AI-infrastructure products, with orders accumulating faster than expected.

The company's collaboration with Bell Canada on a sovereign-AI infrastructure platform using Cisco networking and security technologies is another positive sign.

In addition to these developments, Cisco announced a quarterly dividend of $0.42 per share on October 21st, which will support its appeal to dividend-focused investors.