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Cisco Surges Most Since Dot-Com On Raised Outlook, AI-Focused Job Cuts
Cisco Surges Most Since Dot-Com On Raised Outlook, AI-Focused Job Cuts
Cisco Systems shares posted their biggest gain since the Dot-Com boom-and-bust era after the networking giant delivered third-quarter results that beat analysts' estimates. The company also announced a workforce restructuring, aligning with a broader hyperscaler playbook that cuts labor costs and redirects capital toward AI infrastructure and data-center buildouts.
Cisco raised its fiscal 2026 outlook, guiding for $62.8 billion to $63 billion in revenue and $4.27 to $4.29 in adjusted EPS, while also issuing a stronger-than-expected fourth-quarter sales forecast.
The catalyst...
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Mar 25, 2026 / Kyle Anzalone
Iran Threatens to Close Red Sea to Shipping in Response to Invasion
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Jun 14, 2026 / Tyler Durden
Trump Says New Israeli Attack On Beirut "Should Not Have Happened" - Also Warns Hezbollah "Let's Not Blow It"
Trump Says New Israeli Attack On Beirut "Should Not Have Happened" - Also Warns Hezbollah "Let's Not Blow It"
Update(1140ET): President Trump on Truth Social has sought to brush back the Israeli Sunday strikes on Beirut's southern suburbs, saying this morning's attack "should not have happened" and given it was on "a special day when we are so close to a Peace Deal with Iran.
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Nov 9, 2026 / Tyler Durden
Key Events This Week: CPI, PPI, Fed Speakers Galore And The End Of Earnings Season
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Having dispensed with the October jobs report, which came in red hot and above all Wall Street estimates, yet the market seems rather unfazed by the prospect of more rate hikes, we now move on from payrolls to US inflation as the main macro focus this week, with October CPI tomorrow and PPI on Friday, alongside a busy slate of Fed speakers. As DB's Jim Reid notes, beyond the US, the key releases include China’s...
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