TradingKey – Cisco Systems (NASDAQ: CSCO) rose 1.24% to $102.01 on Thursday, November 12, ahead of its fiscal first-quarter report after the close. Cisco beat estimates and raised its full-year outlook, yet the stock slipped about 1% after hours, and overnight trading sits at $100.95.
The stock is up about 32% this year, against 9% for the Nasdaq, but it fell sharply in early November before this week’s rebound.
A Beat and a Raise
Revenue rose 24% to a record $18.5 billion, above the $18.1 billion LSEG consensus. Non-GAAP EPS, which excludes items such as stock-based pay, rose 40% to $1.40 against $1.33 expected. Product revenue grew 32% to $14.7 billion, and networking revenue jumped 43% to $11.1 billion.
Cisco raised its fiscal 2027…
