Cisco share price rose to $101.69 and gained 2.42% after the company increased its AI order forecast from $5 billion to $9 billion for the current fiscal year.
The company plans to cut nearly 4,000 jobs, or less than 5% of its workforce, to shift spending toward AI, cybersecurity, optics, and cloud networking businesses.
Cisco reported third-quarter revenue of $15.84 billion, up 12% year-on-year, while also raising its annual revenue guidance to a range of $62.8 billion to $63 billion.
Cisco Systems share price hits $101.69, up 2.42% at press time. Initially, the stock jumped nearly 20% to $122. The hike came after the company announced a major restructuring plan and a bright outlook for AI. This surge shows that investors are happy with Cisco’s new goals.
Here’s everything you need to know about Cisco share price today.
Cisco plans to cut nearly 4,000 jobs. This represents less than 5% of its global team of roughly 86,200 people. While job cuts are seen as bad news, traders are viewing this as a smart move.
Chief Executive Officer Chuck Robbins noted that the company must be disciplined to win in the AI era. By reducing roles in older business areas, Cisco can move its money and talent into high-growth sectors like silicon, optics, and cybersecurity.
This restructuring comes with a price tag. Cisco expects to spend up to $1 billion on this plan. About $450 million of that cost will show up in Q4 results, while the rest will be spread out through fiscal year 2027. Investors seem to agree that this short-term cost is worth the long-term value it will create.
The biggest reason for the stock’s upward move is the huge demand from ‘hyperscalers’. These are the companies that run giant data centers. Cisco has already secured $5.3 billion in AI infrastructure orders so far this fiscal year. The firm has raised its full-year AI order forecast from $5 billion all the way up to $9 billion.
Cisco's Q3 revenue grew by 12% year-on-year to $15.84 billion. This growth shows that the need for AI networking gear is real and growing fast. Market experts believe this move proves that the AI boom is about more than just computer chips. It is also about the networking equipment that connects those chips.
Thanks to the surge in orders, Cisco has raised its total revenue forecast for this year. The company now expects to bring in between $62.8 billion and $63 billion. It’s a big step up from the previous guess of $61.2 billion to $61.7 billion.
Cisco share price chart on Moneycontrol showed gains of 2.28% in the afternoon trade:
For traders looking at the charts, here are the key price levels to watch:
| Level Type | 1 | 2 | 3 |
|---|---|---|---|
| Resistance | $100.19 | $100.96 | $102.17 |
| Pivot Point | $98.99 | - | - |
| Support | $98.22 | $97.01 | $96.24 |
Cisco is successfully changing from a traditional hardware seller to an AI powerhouse. By cutting costs and focusing on the $9 billion AI order goal, the company is positioning itself for a strong finish to the year.
For traders, the Cisco share price jump to $122 in extended trading suggests that the market sees more potential ahead. As long as hyperscalers continue to build out their data centers, the company is likely to grow.
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Cisco share price moved higher because investors reacted positively to the company’s AI growth plans and higher revenue guidance. The company raised its AI infrastructure order forecast to $9 billion from $5 billion earlier. Cisco also reported strong quarterly revenue growth of 12%, which showed rising demand from hyperscalers and cloud companies building AI data centers.
Cisco is reducing jobs to move resources toward faster-growing businesses linked to artificial intelligence. The company said it wants to invest more in AI networking, silicon, cybersecurity, and optics. The layoffs affect less than 5% of its global workforce. Investors believe the restructuring could improve efficiency and help Cisco grow faster in the coming years.
Hyperscalers are large technology companies that operate huge cloud and AI data centers. These companies need advanced networking systems to connect servers and AI chips. Cisco benefits because it sells networking equipment and infrastructure used inside these data centers. Rising hyperscaler spending is helping Cisco secure billions of dollars in AI-related orders.
Cisco raised its fiscal 2026 revenue forecast to between $62.8 billion and $63 billion. Earlier, the company had expected revenue between $61.2 billion and $61.7 billion. The increase came after strong AI infrastructure demand and growing cloud investments. Traders see the higher guidance as a sign that business conditions remain strong for the company.
Traders are closely watching Cisco’s resistance levels near $100.19, $100.96, and $102.17. The pivot point stands at $98.99, while support levels are placed at $98.22, $97.01, and $96.24. If the stock stays above the pivot point, short-term momentum may remain positive, especially if AI-related demand continues to support buying interest.
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