Cisco Braces For Earnings Test

It's Benzinga bringing Wall Street to Main Street. Cisco Systems shares have fallen sharply ahead of its upcoming earnings report, dropping from a record high of $130 in June to $93.85, according to Benzinga. Its market capitalization has fallen from $511 billion to $369 billion, ahead of an earnings report expected to provide more insight into revenue growth. Analysts expect quarterly revenue to rise 21.7% to $18.12 billion, driven by continued demand for AI networking solutions. Cisco previously reported an 18% revenue increase to $17.3 billion, with AI infrastructure revenue from hyperscalers reaching $4 billion. The company expects that figure to hit $7.5 billion this fiscal year. Meanwhile, options data points to heightened volatility following earnings. Technical indicators suggest further downside, with potential support at $88.32 and a possible rebound toward $100. For all things money, visit Benzinga.com.