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Cisco Raised AI Orders to $9B — So Why Is the Stock Stuck Below $124.62 Resistance?

Cisco Raised AI Orders to $9B — So Why Is the Stock Stuck Below $124.62 Resistance?

TradingKey – Cisco Systems (CSCO) will announce their fiscal Q4 2026 results tonight (August 12 after market close). The company’s fundamental setup looks strong. Cisco increased their expected full-year AI hyperscaler order range from $5 billion to $9 billion. Cisco also saw record revenue in Q3 at $15.8B, an increase of 12% YoY and stated they are benefiting from three simultaneous spending cycles. The stock currently trades around the $120.44 level and has been repeatedly rejected from the $124.62 level. There is a descending trendline at resistance and $119.65 support zone. Tonight’s results should determine whether Cisco breaks the $124.62 trendline or whether the stock retreats to the $119.65 support zone. For longer term stock…

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