AI & Enterprise
Cisco shares fall 7 percent on weak forecast despite strong results
Cisco posted quarterly revenue of $15.4 billion and net income of $3.18 billion, beating market expectations, but its outlook fell short and its shares dropped 7 percent, CNBC reported on Feb. 11. Networking revenue rose 21 percent to $8.3 billion, and AI infrastructure orders increased to $2.1 billion. CEO Chuck Robbins highlighted an AI project in Saudi Arabia and networking switches with Nvidia chips. Cisco forecast 2026 fiscal-year revenue of $61.2 billion to $61.7 billion.
