Categories: Business

Cisco Systems shares rise in Europe after forecasts upgrade

(Reuters) -Cisco Systems shares were up over 8% in early Frankfurt trading on Thursday, after the company raised full-year forecasts for profit and revenue. Cisco is betting on robust demand for its networking equipment driven by multi-billion-dollar data centre expansions amid the artificial intelligence boom.  (Reporting by Danilo Masoni; Editing by Amanda Cooper)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

Hapag-Lloyd's first-half profit drops 50% as shipping market volatility persists

FRANKFURT (Reuters) -German container shipping firm Hapag-Lloyd on Thursday posted a 50% drop in nine-month…

1 hour ago

Cisco Systems shares rise in Europe after forecasts upgrade

(Reuters) -Cisco Systems shares were up over 8% in early Frankfurt trading on Thursday, after…

2 hours ago

Oil prices edge down on US inventory build, OPEC forecast shift

(Reuters) -Oil prices edged down on Thursday, extending losses from the previous session, as a…

2 hours ago

China's Baidu unveils new AI processors, supercomputing products

By Liam Mo and Brenda Goh BEIJING (Reuters) -Baidu unveiled two new semiconductors for artificial…

2 hours ago

Yen squeezed, stocks firm as US shutdown set to lift

By Tom Westbrook SINGAPORE (Reuters) -Stocks and gold paused for breath on Thursday at the…

3 hours ago