Cisco Systems (CSCO.O): The company is moving forward with a restructuring plan to invest in key growth opportunities in silicon, optics, security, and artificial intelligence. The company currently expects to recognize up to $1 billion in pre-tax charges related to this restructuring plan. Approximately $450 million of the charges are expected to be recognized in the fourth quarter of fiscal year 2026, with the remainder expected to be recognized in fiscal year 2027.