Cisco Systems reported better-than-expected earnings, fueling a significant increase in its share price. The company’s strong performance was driven by robust demand across its product lines.

Analysts noted that Cisco’s results indicate a healthy technology spending environment. The company’s management expressed optimism about future growth prospects, citing continued innovation and strategic acquisitions as key drivers.

The positive earnings report boosted investor confidence, leading to a flurry of buying activity. Market observers are closely watching Cisco’s performance as a bellwether for the broader technology sector.