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Cisco shares jump 17 after earnings yet layoffs loom as investors weigh AI growth bet
Business
Published on 14 May 2026
The same quarter brought big guidance and big cuts
Cisco’s stock surged about 17% after results beat expectations, with stronger revenue, profit, and forward guidance. Investors are also reacting to rising demand for the company’s AI infrastructure offerings. But Cisco simultaneously announced workforce reductions, signaling a pivot to long-term growth priorities—leaving the market to balance momentum against restructuring risk.
- Cisco shares rose around 17% following an earnings beat
- Revenue, profits, and future guidance came in stronger than expected
- AI infrastructure demand is a key driver behind investor optimism
- Workforce cuts were announced as Cisco refocuses long-term growth
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times