Cisco Systems raised annual revenue forecast on Wednesday, a sign of improving demand as the computer networking equipment maker shifts focus to cybersecurity, cloud systems and AI-driven products. Companies have ramped up investments in AI technologies which require heavy computing power,

Cisco is recommended a 'Buy' rating at a fair value of $65 per share. Read here for some highlights on CSCO stock's rise, AI focus, and revenue growth.

Wall Street expects The Walt Disney Company DIS to report quarterly earnings at $1.10 per share on revenue of $22.35 billion before the opening bell, according to data from Benzinga Pro. Disney shares rose 0.6% to $103.30 in after-hours trading.