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Cisco Surges on Strong Orders, Stock Drops | Durham News
Cisco just smashed Q4 revenue records with an 18% year-over-year surge to $17.3 billion, fueled by a 28% jump in its networking segment as businesses pour cash into AI and data centers. Orders soared 35% overall — including a 40% spike in networking — with strong demand from both big cloud players and smaller clients. Despite the stock dipping after earnings, analysts see it as a buying opportunity, citing a 33% upside potential based on robust order growth and expanding AI revenue. Cisco’s guidance for next quarter and full-year revenue remains bullish, pointing to continued momentum that…
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