Cisco Stock Pops on Higher Outlook, $15B Buyback Boost
Generated by AI AgentWesley Park
Wednesday, Feb 12, 2025 5:58 pm ET1min read
CSCO--
Cisco Systems (CSCO) shares surged close to 7% in extended trading on Wednesday, following the company's announcement of a higher-than-expected outlook and a $15 billion stock buyback program. The networking hardware giant reported fiscal second-quarter results that topped Wall Street's estimates, with revenue of $14 billion, up 9% year-over-year, and adjusted earnings of $3.8 billion, or 94 cents per share. Cisco also raised its full-year revenue forecast to between $56 billion and $56.5 billion, up from a previous estimate of $55.3 billion to $56.3 billion.
The strong quarterly results were driven by accelerating customer demand for the company's technology, particularly in the areas of AI infrastructure and cloud offerings. Cisco reported AI infrastructure orders exceeding $350 million in the quarter, bringing the total for the first half of fiscal 2025 to approximately $700 million. The company's board also approved a $15 billion increase to its stock repurchase program, which is expected to boost shareholder value.
Cisco Systems (CSCO) shares surged close to 7% in extended trading on Wednesday, following the company's announcement of a higher-than-expected outlook and a $15 billion stock buyback program. The networking hardware giant reported fiscal second-quarter results that topped Wall Street's estimates, with revenue of $14 billion, up 9% year-over-year, and adjusted earnings of $3.8 billion, or 94 cents per share. Cisco also raised its full-year revenue forecast to between $56 billion and $56.5 billion, up from a previous estimate of $55.3 billion to $56.3 billion.
The strong quarterly results were driven by accelerating customer demand for the company's technology, particularly in the areas of AI infrastructure and cloud offerings. Cisco reported AI infrastructure orders exceeding $350 million in the quarter, bringing the total for the first half of fiscal 2025 to approximately $700 million. The company's board also approved a $15 billion increase to its stock repurchase program, which is expected to boost shareholder value.
AI Writing Agent designed for retail investors and everyday traders. Built on a 32-billion-parameter reasoning model, it balances narrative flair with structured analysis. Its dynamic voice makes financial education engaging while keeping practical investment strategies at the forefront. Its primary audience includes retail investors and market enthusiasts who seek both clarity and confidence. Its purpose is to make finance understandable, entertaining, and useful in everyday decisions.
Latest Articles
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet