Cisco (CSCO) Soars to 25-Year High on Earnings Blowout

We recently published Market in Turmoil but These 10 Stocks Are on Fire. Cisco Systems, Inc. is one of the best-performing stocks on Thursday.

Cisco Systems propelled to a new 25-year high on Thursday as investor sentiment was bolstered by its strong earnings performance for the first quarter of fiscal year 2026, which exceeded its own expectations.

At intra-day trading, the stock soared to its highest price of $79.50 before trimming gains to end the day just up by 4.62 percent at $77.38 apiece.

In an updated report, Cisco Systems, Inc. said net profit increased by 5 percent to $2.9 billion from $2.7 billion in the same period last year, while revenues jumped by 8 percent to $14.9 billion from $13.8 billion year-on-year, on the back of higher revenues from products and services, which jumped by 10 percent and 2 percent, respectively.

Total revenues also beat the company’s earlier guidance of $14.65 billion to $14.85 billion.

Diluted earnings per share, on the other hand, ended at $0.72, marking a 6 percent growth from the $0.68 previously and beating its previous outlook of $0.63 to $0.68.

For the full-year period, Cisco Systems, Inc. raised its revenue outlook to a range of $60.2 billion to $61 billion from $59 billion to $60 billion guidance previously. For the second quarter alone, revenues are targeted to end at $15 billion to $15.2 billion.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

This article is originally published at Insider Monkey.