Business2 sources
Cisco Raises Forecast as AI Fuels Networking Demand
The Brief · written from 2 sources
- Cisco Systems gave a sales forecast for the current quarter that exceeded Wall Street estimates.
- Cisco raised its annual sales outlook.
- Bloomberg attributes the strong outlook to AI-driven demand for Cisco's networking equipment.
Why it matters
Cisco's stronger guidance signals that demand for AI-related networking infrastructure is continuing, which may matter to engineers and buyers tracking data-center networking spending.
- #cisco
- #networking
- #ai
- #earnings
- #guidance
Cisco Systems gave a sales forecast for the current quarter that exceeded Wall Street estimates and raised its annual outlook. Woo Jin Ho has more on "Bloomberg The Close." (Source: Bloomberg)
Timeline
Cisco gave a current-quarter sales forecast above Wall Street estimates and raised its annual outlook
Bloomberg Technology
Cisco Raises Sales Guidance in Sign of AI-Fueled Momentum
Bloomberg Technology
Cisco Raises Forecast as AI Fuels Networking Demand
Full coverage · 2 sources
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Bloomberg Technology
Cisco Raises Forecast as AI Fuels Networking Demand
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Cisco Raises Sales Guidance in Sign of AI-Fueled Momentum