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Cisco Stock Soars on Plan to Cut Staff in Favor of AI Spending
The Wall Street Journal97d agobullish
Cisco Stock Soars on Plan to Cut Staff in Favor of AI Spending

Shares in Cisco Systems (CSCO) surged premarket after the company laid out plans to cut thousands of jobs to free up cash for artificial intelligence. In announcing it plans to shed about 5% of its workforce just this quarter, Cisco joins a number of companies making drastic cuts to adapt to the AI era—most recently GitLab (GTLB), which made headlines earlier this week when it outlined plans to shrink its footprint and headcount, scrap layers of management and use AI to automate certain functions. Cisco shares are up about 18% ahead of the opening bell.

Cisco Soars on Sales Forecast, AI-Focused Restructuring Plan
Bloomberg97d agobullish
Cisco Soars on Sales Forecast, AI-Focused Restructuring Plan

(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

Cisco Systems Q3 Earnings Call Highlights
MarketBeat97d agoneutral
Cisco Systems Q3 Earnings Call Highlights

Cisco Systems (NASDAQ:CSCO) reported record fiscal third-quarter revenue and raised its expectations for artificial intelligence infrastructure orders, as executives said demand accelerated across hyperscale, enterprise and public-sector customers. Chair and CEO Chuck Robbins said Cisco delivered “

Cisco to Shed Jobs for All-In AI Push
The Wall Street Journal97d agoneutral
Cisco to Shed Jobs for All-In AI Push

The networking company said Wednesday that it is launching a restructuring that will cost up to $1 billion in severance, one-time termination benefits and other costs.

Cisco Systems Reports Q3 2026 Results: Full Earnings Call Transcript
Benzinga97d agoneutral
Cisco Systems Reports Q3 2026 Results: Full Earnings Call Transcript

Cisco Systems (NASDAQ:CSCO) reported third-quarter financial results on Wednesday. The transcript from the company's third-quarter earnings call has been provided below. This transcript is brought to you by Benzinga APIs. For real-time access to our entire catalog, please visit https://www.benzinga.com/apis/ for a consultation. View the webcast at https://events.q4inc.com/attendee/657245031 Watch the full earnings call below: Summary Cisco Systems reported record Q3 revenue of $15.8 billion, up

Cisco Shares Soar After Hours Following News of Job Cuts, Earnings
The Wall Street Journal97d agoneutral
Cisco Shares Soar After Hours Following News of Job Cuts, Earnings

16% That’s how much Cisco Systems’ shares were up recently in after-hours trading following the company’s Wednesday announcement that it was cutting jobs as part of shift toward high-growth parts of its business, including artificial-intelligence infrastructure.

Cisco Stock Soars As 'Very Strong, Broad-Based Demand' Drives Q3 Earnings Beat
Benzinga97d agobullish
Cisco Stock Soars As 'Very Strong, Broad-Based Demand' Drives Q3 Earnings Beat

Cisco Systems Inc (NASDAQ:CSCO) reported financial results for the third quarter of fiscal 2026 after the market close on Wednesday. Here’s a look at the key details from the report. Cisco Systems stock is approaching key resistance levels. What’s driving CSCO to record levels? Cisco Q3 Earnings Highlights Cisco posted third-quarter revenue of $15.84 billion, beating analyst estimates of $15.56 billion. The networking equipment company reported adjusted earnings of $1.06 per share for the quarte

Trump-Xi Meeting: What to Watch for the Rest of the Week
The Wall Street Journal98d agoneutral
Trump-Xi Meeting: What to Watch for the Rest of the Week

After Tuesday’s inflation report, focus turns to President Trump’s long-awaited visit to China, with the Iran war and tariffs likely to be central topics. Meanwhile, the OpenAI-Elon Musk trial continues in California and earnings are expected from companies including Cisco Systems.

Rate Cut Odds Just Collapsed to 5%. History Says This Is When Record Highs Get Tested.
24/7 Wall St.98d agobullish
Rate Cut Odds Just Collapsed to 5%. History Says This Is When Record Highs Get Tested.

Although Wall Street is sitting at fresh record highs, with the benchmark S&P 500 up 8% year to date and the technology-packed NASDAQ Composite riding a relentless AI capex wave, the bond market is telling a very different story this week. Per CME FedWatch as of late Monday, market-implied odds of a Federal Reserve rate ... Rate Cut Odds Just Collapsed to 5%. History Says This Is When Record Highs Get Tested.

Alibaba earnings, Trump & Xi meet, PPI data: What to Watch
Yahoo Finance Video98d agoneutralVIDEO
Alibaba earnings, Trump & Xi meet, PPI data: What to Watch

Market Domination Overtime host Josh Lipton takes a look at the top stories for investors to watch on Wednesday, May 13, including President Trump's meeting with Chinese President Xi, Alibaba (BABA) and Cisco (CSCO) earnings, April's Producer Price Index (PPI) data, and commentary from Federal Reserve officials.