Cisco Stock Climbs as Earnings Beat Expectations Amid Strong AI Demand

Cisco Systems stock rose Wednesday after the networking company reported better-than-expected financials for its latest quarter. Cisco reported fiscal first-quarter adjusted earnings of $1 a share on revenue of $14.88 billion. Cisco’s first-quarter networking revenue—the segment that brings in the most revenue for the company and includes gear used in AI data centers—was $7.77 billion, above expectations of $7.45 billion.