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FNY Investment Advisers LLC Buys 33,064 Shares of Cisco Systems, Inc. $CSCO
FNY Investment Advisers LLC significantly increased its stake in Cisco Systems, Inc. by 24,311.8%, purchasing an additional 33,064 shares to bring its total holdings to 33,200 shares valued at approximately $2.56 million. Cisco (NASDAQ:CSCO) reported strong quarterly earnings, beating analyst expectations for EPS and revenue, and increased its quarterly dividend. Despite positive financial performance and AI-driven growth factors, the company faces near-term challenges such as contracting gross margins due to higher memory costs and recent insider share sales.