By Reuters
Publication Date: 2025-11-13 07:08:00
Nov 13 (Reuters) – Shares of Cisco Systems (CSCO.O) rose 7.22% in premarket trading on Thursday, after the networking equipment maker raised its annual profit and revenue forecast on robust cloud demand.
Cisco, a key supplier to cloud, enterprise and telecom customers, has been riding a wave of AI-driven infrastructure spending as businesses accelerate cloud migrations and upgrade campus networks, which has propelled its shares to gain almost 25% this year.
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CEO Chuck Robbins on Wednesday said the company secured more than $2 billion in AI-related orders for fiscal 2025, nearly all from hyperscalers, and expects $3 billion in AI infrastructure revenue in fiscal 2026.
AI infrastructure orders from hyperscalers totaled $1.3 billion during the quarter ended October 25.
“We believe the momentum for Cisco with enterprise customer orders will further reinforce the bull case around a robust campus refresh cycle,” J.P. Morgan said.
“But investor focus will still…
