Cisco Beats on AI Demand, Stock Drops
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- Cisco forecasted annual revenue above Wall Street estimates, citing sustained AI spending as the driver of demand.
- Cisco beat Q4 earnings and revenue estimates while describing demand as 'broad-based' and at record levels, yet CNBC reported the stock dropped despite the beat.
Why it matters: Cisco shareholders watched shares decline despite the company beating quarterly earnings and revenue estimates and raising its annual revenue outlook on sustained AI demand. The disconnect between solid fundamentals and a negative share-price reaction noted by CNBC is the immediate story for investors heading into the next quarter.
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