New York, Feb 6, 2026, 21:00 EST — The session wrapped up with markets shuttered.
- Cisco finished Friday up 3% at $84.82, just missing $85 earlier in the session.
- UBS stuck with its Buy call and maintained the $90 target price, looking ahead to next week’s results.
- Monday brings a focus on AI-related spending cues and fresh U.S. data, both capable of moving rates.
Cisco Systems finished Friday up 3% at $84.82, just off the session high of $85 and wrapping the week near the upper end of its latest range. 1
Cisco’s fiscal second-quarter earnings drop Feb. 11, a date that could quickly shift sentiment with shares trading so close to their recent highs. 2
Investors can’t seem to agree on the AI play as Cisco heads into its report. Major tech players have committed to spending hundreds of billions through 2026, fueling new debate over returns while the data center supply chain remains in high gear. 3
UBS’s David Vogt stuck with his Buy call on Cisco, maintaining that $90 target in a note out Friday. He’s looking for revenue to clear the firm’s own $15.05 billion forecast, and sees “high-single digits” growth ahead for product orders — Cisco’s barometer for hardware and software demand. Vogt also flagged a pickup in data-center interconnect orders, especially ZR/ZR+ optics for linking data centers. 4
Cisco shares jumped Friday, part of a wider bounce in U.S. equities that saw the Dow clear 50,000. Investors were buying back into several major names following a rocky patch for tech. 5
Other names in the sector rallied as well. Fortinet popped close to 5%. CrowdStrike and Palo Alto Networks tacked on about 3% to 5% during the session, reinforcing that investors aren’t shying away from the security group’s risk profile. 6
Macro forces may set the tone Monday, with investors on edge ahead of U.S. jobs and inflation numbers postponed during the quick government shutdown. Those reports, delayed but crucial, could sway rate expectations—and with them, tech stock values. 7
The setup isn’t one-way traffic. Cisco’s pressing up against recent highs, but if there’s even a whiff of weaker enterprise spending, choppy AI orders, or just a note of caution in the outlook, sellers may pile in fast—particularly if nerves about AI spark up again in the market’s ongoing tug-of-war.
Cisco’s next key moment lands Feb. 11, with earnings and a call that should offer fresh reads on order flow, AI-driven demand, and margins. Traders will be tuned in for any shift in tone from management—does their confidence really match what the stock’s been pricing in?
