Cisco's AI Demand Boosts Profits, but the Stock Stagnates

Cisco Systems ended its fiscal year 2025 strongly, exceeding analysts' expectations with its results. The unexpectedly high orders for AI infrastructure played a significant role in this achievement. Despite the positive news, the stock market reacted cautiously: the networking company’s shares initially fell by about 2% in after-hours trading on Wednesday before recovering. This cautious response was due to the company's annual forecast, which aligned roughly with analysts' expectations, even though the estimates for the current quarter were...