By Emma Duncan
Publication Date: 2026-05-12 17:42:00
Shares of Cisco Systems Inc (NASDAQ:CSCO) are trading 0.3% lower at $98.44, as investors gear up for the company’s fiscal third-quarter report, due out after the close tomorrow, May 13. Zacks Research is anticipating earnings per share (EPS) of $1.04 on revenue of $15.58 billion, a 10.1% jump in revenue from the same quarter a year ago.
Over the past two years, CSCO has had a mixed reaction to earnings, finishing the next session lower after four of the last eight reports, including a 12.3% drop in February. The stock averaged a move of 4.6% in this time frame, regardless of direction. This time around, a much larger-than-expected 11.6% shift is anticipated by options traders.
Earlier today, CSCO managed to tap a fresh record high of $99.93 before paring gains. The shares are tacking on more gains to an already healthy 27% year-to-date gain, enjoying long-term support from the ascending 100-day moving average since last May.
Options traders are making…
