Cisco Systems shares rose after the company posted a smaller-than-expected decline in revenue, boosted by the $28 billion acquisition of cybersecurity company Splunk. The purchase of Splunk was

Cisco Systems Inc. gained about 5% in extended trading after giving a solid sales and profit forecast for the current quarter, indicating that customers are beginning to invest in their computer networks again.

Cisco Systems forecast fourth-quarter revenue above Wall Street estimates on Wednesday as the network equipment maker benefits from a pick up in enterprise spending and easing supply chain constraints.

Cisco on Wednesday upgraded its annual revenue forecast after reporting better-than-expected fiscal third-quarter results as firmer margins helped offset a dip in revenue. Cisco Systems Inc (NASDAQ:CSCO) was up 5% in