Cisco, SpaceX, Cerebras, Infleqtion, Coherent draw trading focus
Cisco, SpaceX, Cerebras, Infleqtion and Coherent were active in trading after Cisco, Cerebras, Infleqtion and Coherent reported quarterly results, while SpaceX disclosed Starlink subscriber growth.
S. 6%, with both readings matching expectations. 4% a week earlier. These are the top stocks that gained the attention of retail traders and investors through the day.
Cisco Systems Inc. 26. 37. 84.
82 billion. 22 per share also exceeded expectations. Cisco highlighted a "networking supercycle" as a key driver of its success, with total product orders increasing by 35% year-over-year. The company experienced double-digit growth across all geographies and customer markets, indicating strong demand for its technology.
34, both above analyst estimates. 11, also ahead of expectations. Read Also: Cathie Wood Calls Bitcoin 'Critical' Financial Infrastructure: 'Those Securing It Should Have Trusted Access to the Most Powerful AI Models' Space Exploration Technologies Corp. 01.
64. The company announced that its Starlink service now serves over 13 million consumer subscribers, up from 12 million as of June 30. SpaceX also supports approximately 22 million monthly Starlink Mobile users through partnerships with 36 mobile network operators, extending coverage to 167 markets. The company's Falcon 9 and Falcon Heavy rockets have deployed over 90% of all mass placed into orbit worldwide, solidifying SpaceX's position as a leading launch service provider.
Cerebras Systems Inc. 88. 81 and $385. 53.
2 million analyst estimate. However, core revenue more than doubled to $210 million, while its cloud business nearly quadrupled year-over-year. Infleqtion Inc. 83.
28. 01. 64 million. Despite missing earnings per share estimates, Infleqtion highlighted a 116% year-over-year revenue increase, driven by quantum technology.
CEO Matt Kinsella emphasized the accelerating pace of quantum commercialization and the company's efforts to build applications with customers as they prepare for the next generation of quantum systems. Coherent Inc. 73. 35 and $440.
99 in extended trading. 61. 53 billion in the same period last year. CEO Jim Anderson highlighted record revenue, significant margin expansion, and non-GAAP EPS growth that more than doubled the rate of revenue growth, despite the stock's slip.
Edge Stock Rankings indicate Cisco stock has a Momentum score in the 91st percentile and Value score in the 14th percentile. com Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors.