Cisco Gains Most in 6 Months on Demand for AI Infrastructure
Cisco headquarters in San Jose, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Cisco Systems Inc. gained after the company gave an upbeat sales forecast for the current quarter, helped by companies spending more on computing infrastructure to take advantage of AI technology.
Revenue in the quarter ending in April will be $13.9 billion to $14.1 billion, Cisco said in a statement Wednesday. Analysts had predicted a figure at the bottom end of that range.