Cisco falls 5.29% as AI networking mix squeezes gross margins
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Cisco Systems (NASDAQ:CSCO) shares fell 5.29% to $96.62 as of 9:53 a.m. ET in Friday's regular session on November 13, after fiscal first-quarter results showed growth speeding up while margins thinned. Revenue rose 24% to a record $18.5…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA large networking mega-cap falls sharply as revenue growth comes with thinner gross margins.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Cisco reported revenue up 24% to a record $18.5 billion.
- 02Non-GAAP gross margin fell to 65.6% from 68.1%.
- 03Non-GAAP EPS climbed 40% to $1.40.
- 04Cisco expects AI infrastructure revenue from hyperscalers of $9 billion in fiscal 2027.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets