Cisco Systems, Inc. CSCO shares are trading higher on Friday.
CSCO stock has gained around 20% in the past year. Investors can gain exposure to the stock via iShares U.S. Telecommunications ETF IYZ and First Trust NASDAQ Cybersecurity ETF CIBR.
This week, the company introduced Cisco AI Defense, an advanced solution designed to support and secure AI transformation within enterprises.
Cisco AI Defense is an end-to-end solution that secures both the development and deployment of AI applications, enabling enterprises to advance their AI initiatives.
The solution protects against AI misuse, data leakage, and sophisticated threats that traditional security solutions cannot address.
Jeetu Patel, Executive Vice President and Chief Product Officer, Cisco stated, “In a dynamic landscape where competition is fierce, speed decides the winners. Fused into the fabric of the network, Cisco AI Defense combines the unique ability to detect and protect against threats when developing and accessing AI applications without tradeoffs.”
In November 2024, Cisco reported revenue of $13.84 billion for the first quarter, beating analyst estimates of $13.77 billion. Adjusted earnings per share came in at 91 cents, exceeding the expected 87 cents per share, according to Benzinga Pro.
At that time, CEO Chuck Robbins had emphasized the company's strategic position in AI-driven infrastructure investments.
Price Action: CSCO shares are up 1.33% at $60.62 at the last check Friday.
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