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StonvexStonvexStonvexCisco Systems surged 13.38% on May 14 after reporting record fiscal Q3 revenue and raising forward guidance, driven by $5.3 billion in AI-related orders year-to-date. The company is restructuring to focus on high-growth AI segments while reducing workforce by 4,000 employees (5% of staff), reinforcing investor confidence in its AI networking strategy.
Cisco Systems surged 13.38% after reporting record fiscal Q3 revenue, raising guidance, and receiving $5.3 billion in AI-related orders year-to-date. The company is restructuring to focus on high-growth AI segments while reducing workforce by 4,000 jobs (5% of staff). The strong results reinforce the AI networking narrative driving investor interest in the stock, which has gained 40% in the past month.
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