US Stock Market Move | Cisco Systems, Inc. (CSCO.US) surged nearly 17% after exceeding expectations for its fourth quarter and full year 2026 financial performance guidance.

On Thursday, Cisco Systems, Inc. (CSCO.US) surged nearly 17% to $119.13. In terms of news, Cisco Systems, Inc. announced that for the third quarter of its 2026 fiscal year ending April 25, 2026, revenue increased by 12% year-on-year to $15.8 billion, while adjusted earnings per share (EPS) rose by 10% to $1.06, both slightly exceeding market expectations. Cisco Systems, Inc. expects revenue for the fourth quarter to be between $16.7 billion and $16.9 billion, with the lower and upper ends of the guidance approximately 5.6% to 6.8% higher than analysts' expectations. The company also forecasts adjusted EPS for the fourth quarter to be between $1.16 and $1.18, representing increases of 8.4% to 10.3% above market expectations. Revenue guidance for the fiscal year is raised to between $62.8 billion and $63 billion, with the lower end of the range increasing by 2.6% and the upper end by 2.1%.