In This Article:
We recently published a list of These 10 Firms Are On Fire Today. In this article, we are going to take a look at where Cisco Systems, Inc. (NASDAQ:CSCO) stands against other stocks that surged yesterday.
Wall Street’s main indices were a mixed bag anew on Thursday, with the tech-heavy Nasdaq the sole loser, as investors continued to digest results of more corporate earnings and key economic data.
The Nasdaq was down by 0.18 percent. In contrast, the Dow Jones grew by 0.65 percent while the S&P 500 rose by 0.41 percent.
Beyond the major indices, 10 companies finished stronger on the back of impressive corporate earnings and planned mergers and acquisitions. In this article, we explore the specific reasons behind their surge.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.
Engineers using the latest Cisco TelePresence technology to collaborate with colleagues around the world.
Cisco Systems, Inc. (NASDAQ:CSCO)
Cisco Systems grew its share price by 4.85 percent on Thursday to close at $64.26 apiece after a series of positive developments, including a strong earnings performance in the third quarter of fiscal year 2025.
In a statement, Cisco Systems, Inc. (NASDAQ:CSCO) said net income during the period surged by 31 percent to $2.5 billion from $1.9 billion in the same period last year, while revenues beat earlier expectations, jumping 11 percent to $14.1 billion from $12.7 billion year-on-year.
“The momentum we are seeing with AI is fueled by the power of our secure networking portfolio, our trusted global partnerships, and the value we bring to our customers,” said Chairman and CEO Chuck Robbins.
For the full fiscal year 2025, Cisco Systems, Inc. (NASDAQ:CSCO) expects revenues to settle between $56.5 billion and $56.7 billion, with the fourth quarter alone expected to rake in $14.5 billion to $14.7 billion.
Overall, CSCO ranks 8th on our list of stocks that surged last week. While we acknowledge the potential of CSCO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CSCO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.