Cisco systems shares jump over 8% in Europe after forecast upgrade
Cisco Systems shares surged more than 8 % in early Frankfurt trading on Thursday after the company raised its full‑year profit and revenue forecasts.
Cisco Systems, a leading U.S. technology company specializing in networking equipment, cybersecurity solutions, and data center infrastructure, now expects fiscal 2026 revenue of US $60.2 billion to $61 billion, up from the prior range of $59 billion to $60 billion. Adjusted earnings per share (EPS) for the full year are forecast at $4.08 to $4.14, compared to the previous guidance of $4.00 to $4.06. In its most recent quarter, Cisco posted revenue of $14.88 billion, beating analysts’ estimates.
The upgrade reflects robust demand for Cisco’s networking equipment driven by multi‑billion‑dollar data‑centre expansions amid the artificial‑intelligence boom. Investors reacted positively to the improved outlook, pushing the stock higher across European markets.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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