Cisco Advances 5% to Record Highs on AI Cybersecurity Push, Arista Climbs as Networking Trade Extends

Shares of Cisco Systems (NASDAQ:CSCO | CSCO Price Prediction) are up 5% in midday trading on Tuesday, June 2, changing hands at $127 and change after a Monday close of $121.33. Cisco stock is printing fresh all-time highs as the company unveiled a sweeping AI cybersecurity and unified management push at its annual Cisco Live U.S. conference.

The networking trade is extending across the sector. Arista Networks (NYSE:ANET) is up 2% to around $174, a meaningful push higher after a slightly negative month into today.

Notably, dedicated cybersecurity peers Palo Alto Networks (NASDAQ:PANW) and CrowdStrike (NASDAQ:CRWD) are trading lower, with Palo Alto Networks stock off 2% and CrowdStrike stock down 3%. The split suggests that investors are reading Cisco’s launch as real competitive pressure on the dedicated security vendors.

Cloud Control and Live Protect Power the Cisco Live Pop

Cisco introduced Cisco Cloud…