Shares of Cisco Systems (CSCO) are up 7% after the networking hardware maker reported financial results that beat analysts’ consensus forecasts.
For its fiscal second quarter, Cisco reported earnings per share (EPS) of $0.94 U.S., which came in ahead of consensus estimates of $0.91 U.S.
Revenue of $13.99 billion U.S. beat the $13.87 billion U.S. that was forecast among analysts. The company’s sales were up 9% from a year ago.
The latest results are an improvement for Cisco after the company’s revenue declined in each of the four previous quarters.
Management attributed the strong results to orders for artificial intelligence (A.I.) infrastructure that exceeded $350 million U.S. during the period.
Cisco highlighted that revenue from its networking division totaled $6.85 billion U.S., greater than the $6.67 billion U.S. consensus estimate among analysts who cover the company.
The security unit contributed $2.11 billion U.S. to the latest results, a 117% increase from a year earlier due to the addition of Splunk, which it acquired in March 2024 for $27 billion U.S.
Cisco also offered bullish forward guidance, saying it expects earnings per share (EPS) of $3.68 U.S. to $3.74 U.S. for the 2025 fiscal year, with $56 billion U.S. to $56.50 billion U.S. in revenue.
Analysts had been looking for $3.66 U.S. in earnings and $55.99 billion U.S. in sales from the company.
Prior to today (Feb. 13), the stock of Cisco Systems had risen 30% over the last 12 months to trade at $62.53 U.S. per share.
