Record quarterly revenue reached $15.84 billion, while networking revenue rose 25% year over year. AI infrastructure orders totaled $5.3 billion year to date. Shares climbed 91.59% over the past year to $118.64 and are up 55.67% year to date. Gross margins are contracting due to a shift toward lower-margin AI hardware, services revenue fell 1% year over year, and operating cash flow declined 7% in Q3. Insider activity shows net selling, and the consensus price target is $125.41 with only about 6% upside from the current level.
Read at 24/7 Wall St.
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