Cisco Beats Estimates, Lifts Outlook on AI — Stock Drops
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- Cisco reported Q4 earnings that beat revenue estimates, yet its stock price dropped in the immediate reaction despite the beat.
- Cisco forecast annual revenue above Wall Street estimates, citing sustained AI spending and what it called 'broad-based' record demand.
Why it matters: Cisco beat earnings and revenue while forecasting annual sales above consensus on sustained AI spending — yet its stock still dropped, signaling the results didn't clear a higher bar. The 'broad-based' demand framing positions Cisco's AI-linked growth across multiple segments rather than concentrated in a single product line.
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