Cisco Systems Surpasses Earnings Estimates Amid Strong Revenue Growth
Cisco Systems, Inc. (NASDAQ:CSCO) recently reported its quarterly earnings results on August 12th, topping estimates at $1.22 EPS.
The company's revenue for the quarter was $17.25 billion, a 17.6% increase year-over-year, and its FY 2027 guidance is set at 5.050-5.110 EPS with Q1 2027 guidance at 1.320-1.340 EPS.
Cisco Systems' strong AI infrastructure orders drove confidence in the company's growth prospects, with $4 billion of AI infrastructure orders in the latest quarter and $9.3 billion for fiscal 2026.
The institutional investors and hedge funds own 73.33% of the company's stock, including Empirical Asset Management LLC which lifted its position by 64.6% during the 2nd quarter and now holds 33,743 shares worth $3,963,000 at the end of the most recent quarter.