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Cisco Raised AI Orders to $9B — And Now the Stock Is Attacking $124.62 Trendline Breakout

Cisco Raised AI Orders to $9B — And Now the Stock Is Attacking $124.62 Trendline Breakout

TradingKey – Cisco Systems (CSCO) has its fourth-quarter fiscal 2026 earnings report releasing after the market close tonight. The stock price has defended the key zone of $119.65 and is now testing resistance at the trendline at $124.62. A daily close above $124.62 will likely lead to a bullish breakout and move the focus higher towards $129.75. The risk of losing money transitions to the support price of $119.65 with the RSI at a level of 63, signaling that it is likely to continue moving to the upside. Fundamentally, the stock looks very strong with the $5 billion of expected full-year AI hyperscaler orders, the recent $15.8B revenue in Q3 (an increase of 12% YOY), the company’s signaling that they are currently in concurrent AI…

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