Stocks
Cisco Stock Surges Ahead of Earnings Report as Options Pricing Suggests 7% Swing by Friday
Cisco's stock price rose by 2.5% on Wednesday to $123.40, ahead of its fiscal fourth-quarter earnings report.
Options pricing suggests a potential swing of approximately 7% by Friday, which would translate to nearly $34 billion based on Cisco's market capitalization of $485.9 billion.
Cisco requires about $3.7 billion in AI orders during the fourth quarter to meet its target, which is a significant increase from its previously stated full-year AI revenue target of $4 billion.