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Cisco Reports Strong Earnings, Raises Forecast Amid Job Cuts
Cisco announced its Q3 financial results, reporting an earnings beat and raising its annual revenue forecast, which led to an 11% jump in its stock. The company also revealed a restructuring plan that includes a 5% reduction in its workforce.
13 May, 20:11 — 13 May, 20:57
The Story
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Moderate (42/100)3 sources25/33
Spectrum spread— 2/5 buckets covered8/33
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Geographic diversity— 2 regions9/34
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Sources
Showing 3 of 3 sources
cnbcMostly Factual1h ago
Cisco's stock pops 11% on earnings beat, strong guidance
Cisco's AI story has finally started resonating with Wall Street, with the stock hitting a record late last year and continuing to rally in 2026.
Read full article →channel-news-asiaMostly Factual1h ago
Cisco announces 5% job cuts, raises annual revenue forecast
Read full article →seeking-alphaMixed22m ago
Cisco announces layoffs with Q3 results
Read full article →Coverage Timeline
First report: channel-news-asia · 13 May, 20:11|Full coverage: 3 · 46m|Window: 46m
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