NEW YORK, December 29, 2025, 12:16 ET — Regular session
- Cisco was down 0.6% at $77.71 in late-morning trade, after touching $77.57 at the session low.
- The technology sector pulled back with the Nasdaq-tracking QQQ and tech-sector XLK each down about 0.6%.
- Investors are watching Fed minutes and weekly jobless claims later this week, ahead of Cisco’s next earnings call on Feb. 11. Reuters+1
Cisco Systems (CSCO.O) shares fell 0.6% to $77.71 in late-morning trading on Monday. The stock was down about 46 cents from its prior close.
The move came as U.S. stocks eased from recent highs to start the final three sessions of 2025, with heavyweight technology and artificial intelligence (AI) names giving back some of last week’s gains. Reuters
Broader markets were lower, with the S&P 500-tracking SPY down 0.5% and the Nasdaq-focused QQQ down 0.6%. The Technology Select Sector SPDR fund (XLK) was off about 0.7%.
“This is (not) the beginning of the end of the tech dominance, it’ll turn out to be a buying opportunity,” said Hank Smith, director and head of investment strategy at Haverford Trust. Reuters
Cisco traded between $77.57 and $78.31 on Monday, with volume at about 2.9 million shares by late morning.
Peers were mixed. Arista Networks rose 1.2%, while Hewlett Packard Enterprise fell 0.9% and Dell Technologies slid 1.1%.
In cybersecurity, Palo Alto Networks and Fortinet were both down about 0.9% as the broader tech complex weakened.
Some investors are still looking for a “Santa Claus rally” — a seasonal pattern where the S&P 500 often gains in the last five trading days of the year and the first two sessions in January — after a strong run for U.S. stocks in 2025. Reuters
Markets this week also face a lighter calendar and reduced liquidity, with U.S. markets closed on Thursday for New Year’s Day. Reuters
On the macro front, traders are watching minutes from the Federal Reserve’s last policy meeting and weekly jobless claims data for clues on the rate outlook that can sway tech valuations. Reuters
For Cisco, the next major catalyst is its quarterly earnings call on Wednesday, Feb. 11 at 4:30 p.m. ET, the company said in prepared remarks for its last results. Q4 Capital
Cisco has told investors to expect fiscal 2026 revenue of $60.2 billion to $61.0 billion and adjusted earnings per share of $4.08 to $4.14, leaving traders focused on whether enterprise networking demand and AI-related infrastructure orders stay strong into year-end. Q4 Capital
