Cisco Stock Jumps Before Earnings as Wall Street Eyes the AI Order Test
Cisco shares rose 4.79% to $96.57 Friday ahead of its fiscal third-quarter results, due after markets close May 13. Wall Street expects adjusted earnings of $1.04 per share on $15.56 billion revenue, near the top of Cisco’s guidance. UBS forecasts $1 billion in AI hyperscaler orders but warns higher component costs could pressure margins. Arista Networks, a key rival, reported 35% revenue growth but flagged ongoing supply-chain risks.