Cisco beats expectations, lifts guidance and forecasts AI infrastructure revenue to double in fiscal 2027

Cisco beats expectations, lifts guidance and forecasts AI infrastructure revenue to double in fiscal 2027

Shares of Cisco Systems Inc. were flat in late trading today after the networking infrastructure giant reported first-quarter earnings and revenue that came in ahead of Wall Street’s expectations.

The company also raised its guidance for fiscal 2027, citing strong demand for artificial intelligence network infrastructure.

Cisco reported…