Ken Fisher Adds Cisco and Palo Alto Networks in AI Security Bet

AnalystEarnings
โดย Insider Monkey·US·Read original
Summary · why it matters

Ken Fisher's Fisher Asset Management increased its stakes in Cisco Systems and Palo Alto Networks, according to consecutive SEC filings covering March-to-June changes. Cisco shares rose from 17,301,583 to 33,412,725, while the Palo Alto position increased from 256,661 to 5,755,989 shares. Cisco's fiscal fourth-quarter networking revenue increased 28% to approximately $9.8 billion, with security revenue up 14% to about $2.2 billion and total operating cash flow of $5.4 billion. Palo Alto's September 1 results showed fiscal fourth-quarter revenue up 34% to $3.41 billion and next-generation security annual recurring revenue of $9.10 billion, alongside a $282 million GAAP net loss driven by a fair-value charge on acquired convertible notes. August 14 short interest stood at 1.50% of Cisco's float and 2.79% of Palo Alto's, and the filings disclose no AI thesis behind the positions.

Impact on stocks 2

Cybersecurity & Digital Trust▲ · 2 stocks
Cisco Systems Inc
CSCO
▲ PositiveCapitalrelevance

Fisher Asset Management nearly doubled its Cisco stake per SEC filings, and Cisco's Q4 networking revenue rose 28% to ~$9.8B with $5.4B operating cash flow.

Palo Alto Networks Inc
PANW
▲ PositiveCapitalrelevance

Fisher Asset Management massively increased its Palo Alto stake, with Q4 revenue up 34% to $3.41B and NGS ARR of $9.10B, though a $282M GAAP net loss from a convertible-note fair-value charge.

Theme Impact 2

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