US AI Data Centers ‘Are Going to Get Built’ Despite Political Pushback, Says Cisco CEO: ‘Too Important to Our Country’
Cisco CEO Chuck Robbins says U.S. AI data centers will get built despite political pushback and sees no demand shift overseas.
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Cisco CEO Chuck Robbins says U.S. AI data centers will get built despite political pushback and sees no demand shift overseas.
U.S. stock futures were mixed on Friday, as the Dow Jones, S&P 500, and Nasdaq 100 indices were mixed, after Thursday's close lower.
Stocks in focus: Applied Materials and Cisco beat estimates and raised guidance; Flowers Foods missed and cut outlook. Mizuho and SMFG report earnings.
Major U.S. indices closed lower Thursday, with the Dow Jones Industrial Average down 0.36% to 52,297.09.
Cisco Systems reported record fiscal Q1 results with adjusted EPS of $1.40 (up 40% YoY) and revenue of $18.52 billion (up 24% YoY), driven by strong AI infrastructure and networking demand. The company raised its FY27 revenue guidance to $74.8-$75.8 billion and adjusted EPS guidance to $5.47-$5.53, with hyperscaler AI infrastructure revenue expected to exceed $9 billion. Cisco maintains its quarterly dividend of $0.42 per share and holds a Zacks Rank #2 (Buy) rating.
Cisco Systems reported $18.52 billion in revenue for the quarter ended October 2026, up 24.4% year-over-year and beating consensus estimates by 2.14%. EPS of $1.40 exceeded expectations of $1.33 by 5.26%. Strong performance was driven by networking revenue growth of 43.3%, though the stock has declined 11.3% over the past month. Cisco maintains a Zacks Rank #2 (Buy) rating.
Cisco Systems reported quarterly earnings of $1.4 per share, beating consensus estimates of $1.33 and showing a 5.26% earnings surprise. Revenue reached $18.52 billion, surpassing estimates by 2.14% and up from $14.88 billion year-ago. The stock has gained 30.8% year-to-date, outperforming the S&P 500's 11.3% gain. Cisco holds a Zacks Rank #2 (Buy) rating with favorable estimate revision trends.
Cisco Systems Inc (NASDAQ:CSCO) posts financial results for the first quarter of fiscal 2027 after the market close on Thursday.
Cisco Systems (NASDAQ:CSCO) raises FY2027 GAAP EPS guidance from $4.00-$4.06 to $4.38-$4.44 vs $4.15 analyst estimate..
Cisco Systems (NASDAQ:CSCO) is looking for Q2 GAAP EPS of $1.07-$1.09 vs $0.97 analyst estimate..
Cisco Systems (NASDAQ:CSCO) is looking for Q2 Adj EPS of $1.34-$1.36 vs $1.23 analyst estimate. sees sales of $18.000 billion-$18.200 billion vs $17.878 billion analyst estimate.
Cisco Systems (NASDAQ:CSCO) raises FY2027 Adj EPS guidance from $5.05-$5.11 to $5.47-$5.53 vs $5.11 analyst estimate. Raises FY2027 sales outlook from $72.200 billion-$73.400 billion to $74.800 billion-$75.800 billion
Cisco Systems (NASDAQ:CSCO) reported quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.33 by 5.26 percent. This is a 40 percent increase over earnings of $1.00 per share from the same
The Nasdaq 100 turned green as Nvidia recovered from a 14.3% plunge on Jensen Huang's exit, while AMD and Broadcom rallied and Treasury yields jumped.
Nvidia stock plunged 5.5-14.3% after co-founder and CEO Jensen Huang resigned effective immediately amid reports of an affair with a suspected Chinese spy and a relationship with a direct report. CFO Colette Kress will serve as interim CEO while the board searches for a permanent successor. The departure creates significant uncertainty given Huang's singular impact on the company's success and his deeply involved leadership style.
Nokia has expanded its partnership with One New Zealand to accelerate the operator's transition toward autonomous networks. Nokia will supply its Assurance Center, Autonomous Networks Data Suite, and consulting services to enable faster operational decisions and AI-driven network management. The deal positions Nokia to benefit from growing demand for autonomous network technologies as operators seek greater efficiency and automation.
Nvidia CEO Jensen Huang resigns after 33 years; CFO Colette Kress becomes interim CEO, while Harvey Jones is named board chair
Hewlett Packard Enterprise (HPE) has demonstrated resilience in Q3 FY26 with Cloud & AI revenues rising 25% to $9 billion and traditional server orders up 75%. The company's diversified portfolio spanning networking, storage, hybrid cloud, and GreenLake services—with customer base growing 18% to 52,000—positions it to weather AI market volatility better than competitors. HPE trades at a forward P/S of 1.21X, significantly below the industry average of 3.38X, offering valuation appeal despite recent market corrections.
Zacks analysts recommend two cybersecurity companies with Zacks Rank #2 (Buy) ratings for investment through the end of 2026. Cisco Systems benefits from strong AI hyperscaler orders and security revenue growth, with expectations for double-digit growth in fiscal 2027. Cloudflare is gaining traction with integrated security and networking offerings as enterprises modernize and shift workloads to edge architectures. Both stocks show solid price upside potential based on brokerage price targets.
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