Cisco Earning Hit All-Time High

Cisco reported a top-line beat in its first-quarter earnings results. For the first time in the last eight quarters, the company said it expects to increase revenue next quarter. Cisco hit an all-time high of $36.69 on Thursday after saying it expects to break its eight-quarter long decline in revenue next quarter. The IT and networking company rose 6.60% after its first-quarter earnings report.