Cisco Systems Hits $99.93 Record High Ahead of Q3 Earnings Pricing 11.6% Swing
Cisco Systems shares reached a record high of $99.93 before paring gains to trade around $98.44, building on a 27% year-to-date rally. Investors await fiscal Q3 results due May 13, with consensus EPS of $1.04 and revenue of $15.58 billion, while options traders price in an 11.6% swing.
1. Record High and YTD Performance
Shares of Cisco Systems tapped a fresh intraday peak of $99.93 before settling near $98.44, extending a 27% gain year-to-date. The stock remains supported by the ascending 100-day moving average established since last May.
2. Fiscal Q3 Estimates and Timing
Cisco is set to report fiscal third-quarter results on May 13, with analysts projecting earnings per share of $1.04 on $15.58 billion in revenue, reflecting a 10.1% increase from the prior year’s quarter.
3. Options Market Activity
Options traders have exchanged 38,000 calls so far, more than twice the amount of puts, with the May 100 call seeing the heaviest volume amid selling interest. Implied volatility suggests an expected 11.6% price swing around the earnings release.
4. Analyst Ratings and Volatility Score
Of the 25 brokerages covering Cisco, 10 maintain a hold rating, leaving upside potential if results exceed forecasts. The stock’s 33/100 volatility score indicates realized volatility has lagged options pricing over the past 12 months.