Why Cisco Systems (CSCO) Dipped More Than Broader Market Today

Why Cisco Systems (CSCO) Dipped More Than Broader Market Today

By Zacks Equity Research
Publication Date: 2026-10-29 20:45:00

Cisco Systems (CSCO) closed at $108.59 in the latest trading session, marking a -1.54% move from the prior day. This change lagged the S&P 500’s daily loss of 0.31%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 1.38%.

Heading into today, shares of the seller of routers, switches, software and services had gained 2.47% over the past month, outpacing the Computer and Technology sector’s loss of 3.14% and the S&P 500’s gain of 0.87%.

The investment community will be closely monitoring the performance of Cisco Systems in its forthcoming earnings report. On that day, Cisco Systems is projected to report earnings of $1.33 per share, which would represent year-over-year growth of 33%. In the meantime, our current consensus estimate forecasts the revenue to be $18.09 billion, indicating a 21.54% growth compared to the corresponding quarter of the prior year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting…