Cisco Stock Plunges 4.5% Amid Analyst Downgrade

Cisco Systems stock took a hit on September 22, 2026, closing at $106.44, down 4.5 percent from its previous close of $111.46 on the Nasdaq.

This decline came as the Nasdaq Composite rose 0.45 percent to 27,244.28.

Cisco's stock price fluctuated between $104.51 and $110.17 throughout the day, with a total of 12,946,770 shares traded on the Nasdaq.

The recent analyst action from Piper Sandler may have contributed to this decline, as they cut their price target for Cisco Systems from $132 to $125 while maintaining a neutral rating.