Cisco Set to Report Earnings After 32% 3-Month Stock Surge
Updated
Updated · CNBC · May 12
Cisco Set to Report Earnings After 32% 3-Month Stock Surge
12 articles · Updated · CNBC · May 12
Cisco Systems reports after the bell after its shares climbed 32% over the past three months and hit a fresh high on Tuesday.
The rally has accelerated recently, with Cisco up about 21% in the past month and 8.5% so far in May.
The earnings release lands as the S&P 500 pulls back from a record, putting extra focus on whether Cisco can sustain one of the market's strongest recent runs.
Wednesday's session also brings Alibaba results before the bell, while investors track China-linked ETFs that remain 11% to 33% below their October highs despite modest one-month gains.
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