Shares of Cisco Systems surged more than 6.5% in pre-market trading Thursday, following the company’s raised guidance for annual profit and revenue. The gains were driven by strong demand for cloud computing solutions and artificial intelligence infrastructure.
As of 1:41 PM Mecca time, the stock was up 6.65% to $78.87, building on a 3.15% increase from the previous day’s close. The positive movement reflects investor confidence in Cisco’s strategic positioning within the rapidly expanding AI market.
According to Reuters, Cisco CEO Chuck Robbins stated Wednesday that the company has secured orders exceeding $2 billion related to artificial intelligence infrastructure for fiscal year 2025.
The company now anticipates revenue for fiscal year 2026 to range between $60…
