Rising AI demand lifts Cisco to another earnings and revenue beat – and a 20% stock pop

Shares of the networking giant Cisco Systems Inc. soared 20% in extended trading today after it reported solid third-quarter earnings and revenue numbers and announced a new round of job cuts, saying it will cut fewer than 4,000 jobs, representing less than 5% of its workforce. Cisco’s results were hardly stellar, although they did come […] The post Rising AI demand lifts Cisco to another earnings and revenue beat – and a 20% stock pop appeared first on SiliconANGLE.

Source: SiliconANGLE | 2026-05-14