Cisco raises full-year results forecast, shares rise

Reuters

Wed, May 14, 2025, 1:15 PM 1 min read

(Reuters) - Cisco Systems raised its yearly gross and nett forecasts connected Wednesday, betting connected dependable request from unreality customers for its networking equipment, driven by the artificial quality boom.

Shares of the San Jose, California-based institution roseate 4% successful extended trading.

Cisco, with products specified arsenic ethernet switches and routers, has benefited from a roar successful information halfway investment, arsenic exertion giants person ramped up superior expenditure to conscionable the computing powerfulness needed to tally generative AI applications.

The institution expects its gross to beryllium betwixt $56.5 cardinal and $56.7 cardinal for fiscal 2025, compared with its anterior forecast of $56 cardinal to $56.5 billion.

Analysts, connected average, expect $56.47 billion, according to information compiled by LSEG.

Cisco present expects to station yearly adjusted nett betwixt $3.77 and $3.79 per share, compared to its anterior projection of $3.68 to $3.74 apiece.

(Reporting by Juby Babu successful Mexico City; Editing by Alan Barona)