Gate Stock Token Latest Updates: How has CSCOON performed recently?

On May 14, 2026, against the backdrop of the AI wave sweeping through the global technology industry, Cisco Systems, a global network equipment giant, released a set of financial results that far exceeded market expectations. Triggered by this news, Cisco’s tokenized stock CSCOON on the Gate platform saw a strong rally, rising 22.8% over the past 24 hours.

CSCOON: An efficient channel to capture Cisco’s equity value

Before we dive into the analysis, we first need to clarify CSCOON’s fundamental positioning. CSCOON is a tokenized stock of Cisco Systems issued by Ondo Finance. Each CSCOON is fully and precisely backed 1:1 by real Cisco shares held by Ondo Global Markets, giving token holders economic rights that are materially the same as those of holding the CSCO shares—including stock price fluctuation gains and dividend reinvestment rights. Unlike traditional cross-border U.S. stock investments, CSCOON can be traded around the clock—7 × 24—on crypto trading platforms such as Gate. Users can participate in real-time in the ups and downs of Cisco’s stock price with only USDT, without waiting for U.S. market hours and without dealing with complex cross-border fund flows.

All-round red on the earnings front: $5.3 billion in AI orders, after-hours stock price jumps nearly 20%

CSCOON’s strong performance today is highly aligned with a fundamental surge in Cisco’s underlying business.

On the U.S. stock market after close on May 13, Cisco released its Q3 fiscal year 2026 earnings report for the period ended April 25. The figures comprehensively beat Wall Street expectations. The report showed that Cisco generated revenue of $15.84 billion for the quarter, up 12% year over year, exceeding analysts’ expectation of $15.56 billion; adjusted earnings per share came in at $1.06, also above the market’s expected $1.04.

But what truly set off market enthusiasm was Cisco’s explosive growth in the AI infrastructure space. The company disclosed that, so far this year, it has already secured a cumulative $5.3 billion in AI infrastructure and orders from hyperscale cloud providers, and it has raised its full-year AI-related order target significantly—from the previous $5 billion to $9 billion, an increase of as much as 80%. At the same time, Cisco expects AI-related revenue for the current fiscal year to reach $4 billion, up from its prior estimate of $3 billion.

Cisco’s CFO Mark Patterson went even further and boldly predicted during the conference call: “In fiscal 2027, AI alone from large-scale customers will bring at least $6 billion in revenue—this is a reasonable expectation.”

For fiscal year 2026 Q4, Cisco provided extremely optimistic guidance: it expects revenue to be between $16.7 billion and $16.9 billion, and adjusted EPS to be between $1.16 and $1.18—both significantly surpassing the median of analysts’ expectations (revenue of about $15.8 billion and EPS of about $1.07).

Driven by this set of results that exceeded expectations across the board, Cisco’s stock price surged by as much as nearly 20% in after-hours trading, marking the largest single-day gain since 2002 and touching a new all-time high. As a tokenized mapping of Cisco’s underlying stock, CSCOON recorded the same 22.8% 24-hour increase. It is currently quoted at about $124 on the Gate platform.

Strategic reshuffle: cut 4,000 jobs, go all-in on AI—winning mentality is clearly on display

In addition to the earnings report, Cisco also announced a major strategic reshuffle plan. In the fourth fiscal quarter, the company will cut fewer than 4,000 positions (about 5% of total employees), generating up to $1 billion in pre-tax severance costs, and the resources freed up will be fully focused on AI and related high-growth areas.

Cisco CEO Chuck Robbins said in an official blog post: “The companies that win in the AI era will be the ones with focus, urgency, and discipline—those that can continuously redirect investments toward the areas with the strongest demand and the greatest potential for long-term value creation. I believe Cisco will be one of these winners.”

From a business perspective, Cisco’s resource tilt is already clearly visible—the company is increasing strategic investments in silicon chips, optical communications, cybersecurity, and internal AI applications. In addition, it has recently completed acquisitions of the AI observability company Galileo Technologies and the AI agent security company Astrix Security (deal value of about $400 million), accelerating the buildout of full-stack solution capabilities spanning from network hardware to AI security and observability.

Tokenized stock sector explodes: Ondo’s ecosystem speeds into the fast lane

CSCOON’s rally logic comes not only from Cisco’s own earnings surge but also from structural tailwinds across the entire tokenized stock (Tokenized Stock) sector.

On March 18, 2026, the U.S. Securities and Exchange Commission (SEC) formally approved Nasdaq rule changes, allowing ETF products tracking Russell 1000 index components and mainstream benchmarks such as S&P 500 and Nasdaq 100 to be traded in tokenized form. In the same month, the New York Stock Exchange (NYSE) announced a collaboration with Securitize to develop an around-the-clock tokenized securities trading platform. With regulators and exchanges moving in at the same time, it marks the transition of stock tokenization from a “proof of concept” stage to an “infrastructure rollout” stage.

As a top issuer with more than 70% market share in the tokenized stock sector, Ondo Finance’s pace of ecosystem expansion is impressive. In less than 8 months after launch, Ondo Global Markets’ cumulative total value locked (TVL) surpassed $1 billion. The tokenized stocks and ETFs supported by the platform have exceeded 260, with cumulative trading volume topping $18 billion. They have already been deployed across multiple public chains including Solana, Ethereum, and BNB Chain.

Recently, Ondo Finance President Ian De Bode said he expects that by the end of 2026, the global market size for tokenized stocks could reach $3 billion. Within this rapidly expanding ecosystem, CSCOON—one of Ondo’s earliest issued tokenized stocks—continues to benefit from improved liquidity on the underlying platform and growth in its user base.

Summary

Overall, CSCOON’s latest performance is driven by two main engines working in tandem:

The first engine is the deep change in Cisco’s underlying fundamentals. The company is completing its strategic shift from a traditional network equipment provider to a core supplier of AI infrastructure—$5.3 billion in AI orders, a $9 billion full-year target, and fourth-quarter performance guidance far exceeding expectations—together outlining a strong growth trajectory.

The second engine is the ecosystem dividends of the tokenized stock sector itself. SEC regulatory easing, Nasdaq and NYSE’s involvement, and Ondo’s ecosystem TVL surpassing $1 billion—these structural changes provide CSCOON with increasingly robust on-chain liquidity and around-the-clock trading scenarios.

For traders who want to capture Cisco’s AI transformation upside in the crypto world with flexible 7 × 24-hour trading, CSCOON offers a differentiated tool that combines speed and efficiency. However, investors should also note that although tokenized stocks are pegged 1:1 to the underlying stock price, their trading environment, liquidity depth, and custody mechanisms differ from traditional U.S. stock accounts. It is recommended that investors make prudent judgments based on a thorough understanding of the product mechanics and their own risk preferences.