Vise Technologies Boosts Stake in Cisco Systems Amid Record Fiscal-Year Results
Vise Technologies Inc., a financial firm, increased its stake in Cisco Systems, Inc. (CSCO) by 86.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The company owned 374,283 shares of CSCO's stock after purchasing an additional 173,942 shares during the quarter, valued at $43,963,000 at the end of the most recent quarter.
Cisco Systems reported a quarterly revenue rise of 18% to $17.25 billion and adjusted earnings exceeding consensus estimates. Analysts see additional upside potential in Cisco's AI networking opportunity and expansion into streaming infrastructure could broaden its opportunity.