Cisco Systems, Inc. (CSCO) continues to make significant stride in the tech sector. The company successfully acquired SnapAttack to fortify its AI-powered cybersecurity, making it a first-choice stock for investors and attracting significant whale activities. Further proof of the company's bullish trend is its seven straight green sessions and a handful of big investments from the likes of Cullinan Associates Inc. and Flavin Financial Services Inc. However, abrdn plc and some others have reduced their stake in the company.
The company's Q2 2025 earnings date has been announced and multiple analysts are optimistic about the upcoming report. A significant contribution to its progress is attributed to Cisco's positioning for AI network growth and its aggressive focus on becoming a leading edge computing stock. The reputable Jim Cramer has granted his approval, lauding Cisco's strong cyber security program.
The stock moves seem to run counter to the trends of the broader market, yet the company manages to outperform in some aspects, with various analyst projections revealing potential future wins. In the midst of the spotlight, Cisco Systems also appointed Raj Juneja as President, Cisco Canada.
Cisco Systems CSCO News Analytics from Mon, 23 Sep 2024 07:00:00 GMT to Sat, 08 Feb 2025 18:17:19 GMT - Rating 9 - Innovation 8 - Rumor -2
