AI infrastructure spending boosts Cisco’s earnings and revenue, but its stock declines after-hours

Networking giant Cisco Systems Inc. coasted to a solid earnings and revenue beat and issued strong guidance for the current quarter, but a drop in gross margins seems to have spooked investors, sending its stock down in late trading today. The company reported fourth-quarter earnings before certain costs such as stock compensation of $1.22 per […] The post AI infrastructure spending boosts Cisco’s earnings and revenue, but its stock declines after-hours appeared first on SiliconANGLE.