Why Cisco Systems, Inc. (CSCO) Surged Last Week

We recently published a list of These 10 Firms Are On Fire Today. In this article, we are going to take a look at where Cisco Systems, Inc. (NASDAQ:CSCO) stands against other stocks that surged yesterday.

Wall Street’s main indices were a mixed bag anew on Thursday, with the tech-heavy Nasdaq the sole loser, as investors continued to digest results of more corporate earnings and key economic data.

The Nasdaq was down by 0.18 percent. In contrast, the Dow Jones grew by 0.65 percent while the S&P 500 rose by 0.41 percent.

Beyond the major indices, 10 companies finished stronger on the back of impressive corporate earnings and planned mergers and acquisitions. In this article, we explore the specific reasons behind their surge.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

Cisco Systems, Inc. (NASDAQ:CSCO)

Cisco Systems grew its share price by 4.85 percent on Thursday to close at $64.26 apiece after a series of positive developments, including a strong earnings performance in the third quarter of fiscal year 2025.

In a statement, Cisco Systems, Inc. said net income during the period surged by 31 percent to $2.5 billion from $1.9 billion in the same period last year, while revenues beat earlier expectations, jumping 11 percent to $14.1 billion from $12.7 billion year-on-year.

“The momentum we are seeing with AI is fueled by the power of our secure networking portfolio, our trusted global partnerships, and the value we bring to our customers,” said Chairman and CEO Chuck Robbins.

For the full fiscal year 2025, Cisco Systems, Inc. expects revenues to settle between $56.5 billion and $56.7 billion, with the fourth quarter alone expected to rake in $14.5 billion to $14.7 billion.

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This article is originally published at Insider Monkey.