Cisco Systems shares rise 4% on largest growth in 15 years
CSCO Cisco Systems Inc
$95.64 -6.24%
View chart & analysis → - 1Cisco Systems shares rose 4%.
- 2Cisco recorded $18.5 billion in revenue for Q1 FY2027, achieving a 24% year-over-year growth rate.
- 3Cisco's adjusted earnings per share of $1.40 for Q1 FY2027 exceeded the analyst estimate of $1.32.
So what's the key point?
Cisco Systems shares rose 4% as revenue increased significantly. The company reported higher profits than experts expected, which is good news for investors.
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