Never before has Cisco gained this much value on a single earnings day. Is it warranted? Not really if just looking at 3Q, but commentary about hyperscaler order acceleration ($9B vs. $5B est), as well as the 6%/9% upside in 4Q revenue/eps are all pretty unprecedented for this relatively sleepy legacy tech infrastructure name.
I was initially wanting to fade the rally but we have seen larger names run more on less…
Shares +15%.