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Cisco's stock pops 14% as surge in AI infrastructure orders leads to increased guidance

CNBC·Jordan Novet·19 days ago
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Cisco CEO Chuck Robbins speaks at the Semafor World Economy summit in Washington on April 15, 2026. Alex Wong | Getty Images Cisco shares soared 14% in extended trading on Wednesday after the company issued results and guidance that topped Wall Street's projections. Here's how the company did in comparison with LSEG consensus: Earnings per share: $1.06 adjusted vs. $1.04 expected Revenue: $15.84 billion vs. $15.56 billion expected Revenue increased 12% in the quarter ended April 25, from $14.15 billion a year earlier, Cisco said in a statement. Net income rose to $3.37 billion, or 85 cents per share, from $2.49 billion, or 62 cents per share, a year earlier. For the fiscal fourth quarter, Cisco called for $1.16 to $1.18 in adjusted earnings per share on $16.7 billion to $16.9 billion in revenue. Analysts polled by LSEG were looking for $1.07 in adjusted earnings per share on $15.82 billion in revenue.…

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