(Bloomberg) -- Cisco Systems Inc. gained as much as 19% in late trading after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Iran War in
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Bloomberg90d agobullish
Cisco Soars on Sales Forecast, AI-Focused Restructuring PlanZacks92d agobullish
Buy Cisco Stock Ahead of Q3 Earnings? Here's What to KnowCSCO heads into May 13 results with strong AI networking demand, but rivals ANET, DELL and HPE keep competitive pressure on.
Moby103d agoneutral
Extreme Networks, Inc. Q3 2026 Earnings Call SummaryMoby summary of Extreme Networks, Inc.'s Q3 2026 earnings call