TradingKey – Cisco Systems (NASDAQ: CSCO) rose 2.66% to $100.76 on Wednesday, November 11, as CoreWeave’s results lifted AI hardware stocks, and premarket quotes sit slightly lower at $100.11. Cisco reports fiscal first-quarter results after the US close today.
That bounce follows a month-long slide in which Cisco fell about 20%, including a 7.62% drop on November 5 after a Morgan Stanley downgrade, to close at $93.85 on Friday, November 6. This week’s recovery has brought the stock back to the level where that breakdown started.
What Wall Street Expects
Cisco guided first-quarter revenue to $18.0 billion to $18.2 billion and non-GAAP EPS, which excludes items such as stock-based pay, to $1.32 to $1.34. Analysts expect about $18.11 billion…
