Cisco Systems, Inc. (NASDAQ:CSCO) surged to a 25-year high on Thursday following a strong earnings report for the first quarter of fiscal year 2026. Net profit increased by 5% to $2.9 billion, with revenues jumping 8% to $14.9 billion, surpassing expectations and leading to a stock price increase.

The stock hit an intra-day peak of $79.50 before closing up 4.62% at $77.38 per share. Cisco Systems raised its full-year revenue outlook to $60.2 billion to $61 billion, with second-quarter revenues expected to range from $15 billion to $15.2 billion.

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Read more at Yahoo Finance: Cisco (CSCO) Soars to 25-Year High on Earnings Blowout