Cisco Slides 5% Despite Raising AI Outlook to $9 Billion as Citi Says Growth May Have Peaked; Hewlett Packard Enterprise Retreats 5%, Arista Falls 3%247wallst.com· 30h
Cisco shares fall 5% to $96.54 despite the company raising its fiscal 2027 AI infrastructure revenue outlook to $9 billion from $7.5 billion and reporting Q1 revenue up 24.4% to $18.52 billion, as Citi says growth peaked in the October quarter. Hewlett Packard Enterprise and Arista also retreat, and analysts including Barclays and Wells Fargo cut Cisco price targets.
