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Cisco Systems, Inc. Common Stock (DE)
As of May 18, 2026 at 24:05 UTC
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About Cisco Systems, Inc. Common Stock (DE)
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software such as firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employs 80,000 people and sells its products globally.
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Latest News
5 articlesLarge-cap technology and AI-linked stocks dominated Wall Street's top gainers last week, with companies in semiconductors, cybersecurity, and digital infrastructure leading gains. Tower Semiconductor surged 28.48% after beating earnings and securing a $1.3 billion contract, while Cisco jumped 22.4% on strong results and analyst upgrades. Other notable gainers included Rocket Lab (18.08%), Palo Alto Networks (16.76%), and Applied Optoelectronics (25.36%).
Global semiconductor stocks retreated after Trump and Xi's summit failed to announce major chip agreements or breakthroughs on NVIDIA's China business. Key developments include Taiwan Semiconductor's $31.28B capital spending approval for AI chip manufacturing, Meta offering free WhatsApp access to competing AI developers to resolve EU antitrust concerns, Trump Mobile delivering delayed $499 smartphones, and the Elon Musk vs. OpenAI trial concluding with closing arguments. Notable earnings included strong results from Applied Materials, Cisco, and Tower Semiconductor, while Alibaba reported mixed results and Birkenstock faced margin pressures.
The S&P 500 closed at a record 7,501.24 on Thursday, rising 0.77%, but Polymarket traders predict a lower opening on Friday. While strong earnings and AI enthusiasm support equities, concerns about stretched valuations, narrow market concentration in tech megacaps, and geopolitical tensions with Iran weigh on sentiment. S&P 500 futures were down 0.37% early Friday.
The global fiber optics market is valued at USD 9.99 billion in 2025 and is projected to reach USD 19.73 billion by 2035, growing at a CAGR of 7.02%. Growth is driven by 5G deployment, hyperscale data center expansion, AI infrastructure investment, and broadband development initiatives. Multi-mode fibers dominate with 51.3% market share, while the telecom segment leads applications at 40.3%. Asia Pacific and North America are key growth regions.
U.S. stock indexes reached record highs on May 14, 2026, driven by strong AI sector performance. Cisco Systems surged over 10% following an earnings beat and announcement of growing AI infrastructure orders ($5B to $9B). Newly public Cerebras Systems nearly doubled from its IPO price, while Nvidia gained 4% amid reports of potential China chip sales approval. Broadcom also climbed 5% to a 52-week high, though some software stocks like Palantir experienced profit-taking.
