Cisco Earnings: Traders Expect Up to 7% Move After Report

Cisco is set to report its earnings on Wednesday, and traders are anticipating a significant move in the stock price. According to options pricing, traders expect the stock to swing up to 7% by the end of the week, which could bring it back near its June highs.

This would put the stock at $129, just short of its early June record. However, if the earnings report disappoints, the stock could fall below $112, a drop of around 6% from Tuesday's close.

Cisco has rallied significantly this year, gaining nearly 60% since January due to strong demand for its networking hardware driven by AI-driven projects. However, the stock has slipped from its highs in recent weeks amid a broader pullback in the AI trade.

UBS analysts are expecting Cisco to top Street estimates with its quarterly results, but they warn that conservative forecasts for fiscal 2027 could be modestly disappointing for the shares.