Cisco Systems shares were up 7% in premarket trading on Thursday, after the company raised full-year forecasts for profit and revenue.
Cisco is betting on robust demand for its networking equipment driven by multi-billion-dollar data centre expansions amid the artificial intelligence boom.
Storage shares pulled back in premarket trading. SanDisk down 6%; Western Digital, Seagate down 4%; Micron down 3%.
Firefly Aerospace’s stock surged 18% in premarket trading after the space technology company issued better-than-expected third-quarter results and lifted its guidance.
Revenues in the third quarter jumped nearly 38% to $30.8 million from $22.4 million in the year-ago period and nearly doubled from the previous quarter.
Firefly’s net loss totaled $140.4 million, or $1.50 per share. The company said net loss included costs tied to its IPO, foreign exchange and executive severance.