Cisco‘s shares increased by more than 5% after its Q2 fiscal 2016 growth surpassed analysts’ estimates. The company then announced an increase in dividends and share buybacks, exhibiting ample confidence in its future growth potential. Cisco mentioned that even though macroeconomic headwinds are keeping carrier spending below what it wants, the company executed very well during the quarter, which helped it beat its initial guidance on revenues and EPS. Although the company doesn’t expect its growth to accelerate going forward, it is expected to be steady and much better than what the current slump in the market indicates. With increased focus on high-end switches and routers, higher investments in security, data analytics software and cloud-based tools, a string of acquisitions and the evolution of the Internet of things (IoT) domain, Cisco appears to be well-equipped to fend off negative headwinds.

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