Cisco shares surge 5% after unveiling AI-driven cybersecurity tools, while Arista climbs 2% on broader networking sector momentum.
Cisco Systems (CSCO) stock reached an all-time high of $127, up 5% in midday trading, following the launch of new AI-powered cybersecurity and infrastructure management tools. The company introduced Cloud Control and enhanced Live Protect at its annual Cisco Live U.S. conference, targeting enterprise security and management efficiency.
The move extends gains in the networking sector, with Arista Networks (ANET) rising 2% to $174. Cisco’s expansion into AI-driven security is seen pressuring dedicated cybersecurity firms like Palo Alto Networks (PANW) and CrowdStrike (CRWD), raising investor concerns over competitive threats.
Shares closed at $121.33 on Monday, with the NASDAQ-listed stock now printing fresh highs as hyperscale AI capital expenditure drives sector-wide optimism.