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ANET News24 articles
Cisco Stock Soars on AI Orders, Restructuring Plan
Cisco shares jumped as much as 22% in premarket trading after the company raised its sales forecast and announced a restructuring focused on AI, with $5.3 billion in AI orders from hyperscalers.
Cisco's AI Surge Propels Futures Higher as Wall Street Eyes Inflation Data
U.S. stock futures rose early Thursday as Cisco's 19% premarket surge on AI demand and job cuts lifted tech stocks. Markets await April retail sales and jobless claims data.
Cisco's AI Surge Lifts Nasdaq to Record, But Inflation Pressures Fester
Cisco Systems surged 20% after hours after boosting its AI order goal to $9 billion, helping the Nasdaq close at a record. But a hotter-than-expected PPI report keeps the Fed on hold.
Cisco Stock Nears Record as AI Orders Face Earnings Test
Cisco shares rose 2.23% to $98.72 as traders bet on strong AI orders and an earnings beat, with options implying a 5.8% swing. Polymarket contracts show 94% odds of beating EPS estimates.
Cisco Shares Surge Ahead of Q3 Report as AI Orders Fuel Optimism
Cisco shares jumped 4.79% to $96.57 ahead of its fiscal Q3 earnings, with Wall Street eyeing $1.04 EPS and $15.56B revenue. AI orders remain a key focus despite margin pressures.
Arista Networks Stock Tumbles Despite Strong Q1 as AI Guidance Fails to Impress
Arista Networks beat Q1 earnings estimates but saw shares drop 5.8% after hours as Q2 guidance met, not exceeded, expectations and gross margin fell.
Arista Networks Faces Pivotal AI Earnings Test After Morgan Stanley Price Target Hike
Morgan Stanley raised its Arista Networks price target to $180 ahead of Q1 earnings on May 5. Revenue consensus is $2.62 billion with AI data center spending in focus.
Broadcom Soars on Meta AI Chip Deal, Duolingo Slips on Growth Concerns
Broadcom shares advanced following Meta's announcement of a major AI chip partnership, while Duolingo declined due to investor concerns over slowing growth and soft guidance.
Nokia Secures Fifth Consecutive Leadership Spot in Data Center Switching Report
Nokia has been recognized as a Leader and Outperformer in GigaOm's 2026 data center switching evaluation for the fifth straight year. The company's shares declined 1.05% in Helsinki trading ahead of its annual general meeting.
IBM's AI Ambitions Face Crucial Earnings Test Amid Mainframe Concerns
IBM shares slipped 0.7% to $246.43 Monday as investors focused on the upcoming April 22 earnings report, a key test for the company's AI strategy amid persistent concerns about mainframe demand and consulting performance.
Cisco Shares Dip Amid Tech Selloff, AI Narrative Overshadowed by Macro Fears
Cisco Systems shares declined alongside a major technology selloff, as investor focus shifted from AI partnerships to macroeconomic pressures including inflation and interest rates.
Cisco Integrates Splunk into Nexus Dashboard for AI Data Center Troubleshooting
Cisco Systems has embedded Splunk analytics directly into its Nexus Dashboard platform, providing real-time network fault detection and automated fixes for data center environments. The integration keeps sensitive telemetry data on-premises for compliance-focused customers.
Arista CEO Warns of Severe Memory Cost Pressures Amid AI Boom
Arista Networks CEO Jayshree Ullal highlighted worsening memory shortages and 'horrendous' component costs, citing intense AI data center demand. The company reported strong Q4 results and provided an upbeat Q1 revenue outlook.
Cloud ETFs Gain on Softer Inflation Data Ahead of Holiday
Cloud-focused exchange-traded funds advanced roughly 2.6% on Friday, led by the First Trust Cloud Computing ETF (SKYY), following softer U.S. inflation figures and a dip in Treasury yields. Trading resumes Tuesday after the Presidents Day holiday.
Data Center Stocks Split as Nvidia Dips, Dell and Arista Gain Ahead of Key Data
Data center stocks showed mixed performance Friday, with Nvidia declining 2.2% while Dell and Arista Networks gained over 4%. Markets await Walmart earnings and critical economic data.
Arista Networks Surges on Strong AI Outlook, Memory Costs a Concern
Arista Networks shares climbed 4.8% Friday following an upbeat revenue forecast and strong quarterly results, fueled by AI infrastructure demand, even as rising memory costs pressure margins.
Cisco Recovers After Margin Warning; AI Demand Faces Cost Test
Cisco shares rose 2.5% to $76.85, recovering some losses after a 10% plunge triggered by weaker-than-expected gross margins. The company reported $15.3B in revenue and $2.1B in AI infrastructure orders.
Arista Networks Surges on Strong Q4 Results, Upbeat AI Outlook
Arista Networks shares rallied in after-hours trading following better-than-expected fourth-quarter results and strong forward guidance, reinforcing confidence in AI-driven data center spending.
Cisco Plunges on Margin Squeeze Despite Revenue Boost
Cisco shares tumbled nearly 10% as rising memory costs pressured profitability, overshadowing an improved revenue forecast. The company expects further margin compression next quarter.
Cisco Reaches Record High Before Earnings, JPMorgan Boosts Target on AI Prospects
Cisco shares closed at a record $86.78 ahead of its February 11 earnings report. JPMorgan raised its price target to $95, citing AI potential, while options imply a 6% post-earnings swing.
Cisco Nears 52-Week Peak Ahead of Earnings, JPMorgan Lifts Target
Cisco Systems shares advanced 2.2% to $86.66, approaching a 52-week high. JPMorgan raised its price target to $95 ahead of the company's quarterly report on Wednesday.
Data Center Stocks Surge as AI Infrastructure Demand Fuels Rally
Data center equities posted sharp gains Friday, led by Vertiv's 10% jump, as investors rotated into AI infrastructure plays ahead of key earnings and economic data.
Cisco Approaches Earnings Near Peak Levels Amid AI Infrastructure Focus
Cisco Systems shares closed near multi-year highs ahead of its fiscal Q2 report, with investors focused on AI infrastructure demand and enterprise spending trends.
Palantir Shares Recover on Strong Earnings, AI Sector Volatility Persists
Palantir stock rose 4.5% Friday, rebounding from a steep drop after reporting a 70% Q4 revenue surge to $1.407B. The company forecasts 61% growth for 2026.