Cisco’s results more ‘legit’ now than in dotcom era, expert says

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Cisco’s results more ‘legit’ now than in dotcom era, expert says

By Reuters Videos
Publication Date: 2026-05-14 21:17:00

Reuters Videos

<span>STORY: Cisco shares surged to a record-high on Thursday after the company posted AI demand-powered strong results and announced nearly 4,000 job cuts to redirect investments into technology.</span><span>Cisco has emerged as a big winner from Big Tech’s AI spending spree, thanks to its key role in supplying gear crucial to the functioning of data centers. The stock had gained 32% this year by Wednesday’s close.</span><span>Lang said that “if you go back to the dotcom era, when Cisco was the king of all the tech names,” the company’s internet networking equipment was “starting to die out.”</span><span>“Whereas today, Cisco has made that transformation into becoming an AI security network company,” he added, calling it an area of technology that is just “starting to get bigger and better.”</span>

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