Cisco's revenue in the last quarter decreased by 6%, still better than expected, but the full-year guidance was slightly downgraded, resulting in a nearly 3% drop in after-hours trading.
In the first quarter of the 2025 fiscal year, cisco's revenue fell by 6% year-on-year, marking four consecutive declines but still exceeding analyst expectations, with the largest business network's revenue unexpectedly dropping by 23%. cisco's full-year revenue guidance range has been slightly adjusted upwards, with the midpoint lower than analyst expectations; overall product orders for the quarter grew by 20%. Excluding the orders from splunk acquired in March, the orders grew by 9%. Orders for AI infrastructure from large customers for the quarter were 0.3 billion USD, and the CEO expressed confidence that total AI orders for the full year would exceed the target of 1 billion USD. The stock price fell after hours, dropping as much as 3%.
US Futures Marginally Up As Investors Process Inflation Data Ahead Of Jerome Powell's Speech On Economy: Expert Says Fed Should 'Continue Recalibrating To Neutral' On Softer Inflation
Wells Fargo Sticks to Their Hold Rating for Cisco Systems (CSCO)
Express News | Cisco Systems, Inc. : Barclays Raises Target Price to $56 From $49
Wells Fargo Adjusts Price Target on Cisco Systems to $60 From $57, Maintains Equalweight Rating
Cisco Systems Maintains Hold Rating Amid Strong EPS but Moderate Growth Outlook