BUZZ-Cisco jumps on raising annual revenue forecast

Network equipment maker Cisco's CSCO.O shares up ~7% at $66.88 after the bell

CSCO raises annual revenue forecast to be between $56 billion and $56.5 billion, up from an earlier projection of $55.3 billion to $56.3 billion

Analysts were expecting $55.99 billion, according to data compiled by LSEG

Sees Q3 revenue between $13.9 billion and $14.1 billion, above estimates of $13.87 billion

Posts $13.99 billion in Q2 revenue, topping expectations of $13.87 billion

CSCO had risen over 17% in 2024