Buying pressure lifts Cisco stock higher in today's trading

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Cisco rises 2.90% today on strong AI

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Ciaran Ryan

02.06.2026

Buying pressure lifts Cisco stock higher in today's trading — Cisco rises 2.90% today on strong AI

Cisco Systems, Inc. (CSCO) is trading at $124.85, rising $3.52 or 2.90% today. The stock remains well above its 20-day ($109.30), 50-day ($94.00), and 200-day ($79.10) moving averages, reaffirming a bullish trend across all timeframes.

CSCO price prediction

24H -2.14%

$127.26

48H -0.78%

$129.03

7D 1.04%

$131.39

1M 22.55%

$159.36

3M 28.88%

$167.6

6M 43.01%

$185.97

12M 76.41%

$229.4

Detailed

Current price: $ 130.04 3.54 2.80%

Real-time Data 15:56

Daily range 124.36

130.36

Weekly range 117.48

129.42

Highlights

Cisco achieved record quarterly revenue and secured $5.3 billion in AI infrastructure orders, reinforcing its AI growth strategy.
The company will cut under 4,000 jobs and incur up to $1 billion in restructuring costs to focus on AI and infrastructure.
Cisco trades in a robust bullish trend with strong buying momentum, targeting $122.52–$128.34 over the next week.

Record AI-related revenue and layoffs reshape investor sentiment

Cisco reports record quarterly revenue and strong AI infrastructure orders totaling $5.3 billion year to date, reflecting momentum in its targeted AI initiatives. The company is undertaking a workforce reduction of under 4,000 roles as part of a reorganization to prioritize artificial intelligence and related infrastructure, which is expected to result in up to $1 billion in restructuring costs. Cisco continues to expand its AI-driven network operation solutions, launching new platforms for cybersecurity and IT workflow automation, while some institutional investors have adjusted their holdings.

Anton Kharitonov, expert at Traders Union, sees Cisco's technical momentum as extended and possibly overheated. He points out that the company’s workforce reductions and billion-dollar restructuring costs suggest underlying challenges despite headline revenue gains. Kharitonov is wary of the concentrated optimism around AI, emphasizing that such transitions carry execution risk and uncertain return on investment. He notes that institutional investors adjusting their holdings signals some market reassessment. "Despite the bullish trend, I remain cautious — aggressive upside may expose shareholders to abrupt pullbacks if AI-driven expectations fall short."

Viktoras Karapetjanc, expert at Traders Union, views Cisco’s record revenue and surging AI orders as strong confirmation of management’s strategic pivot. He highlights the positive effects of AI-driven initiatives and restructuring, consolidating Cisco’s position in next-generation infrastructure. Karapetjanc sees ongoing product expansion in cybersecurity and IT automation as key fundamental drivers. He expects the bullish structure to remain intact, with further growth likely as AI adoption accelerates. "Cisco’s combination of robust earnings and clear focus on innovation offers investors multiple attractive setups as momentum builds."

Bullish structure holds as price exceeds support and resistance pivots

Cisco remains well above its 20-day ($109.30), 50-day ($94.00), and 200-day ($79.10) moving averages, confirming a bullish structure in short-, medium-, and long-term trends. The first dynamic support is near the Ichimoku Kijun level at $103.87; with the price above all major averages, resistance is now defined by the psychological $125 area.

Earlier, analysts noted that Cisco maintained a robust bullish trend supported by technical strength and growth initiatives in AI and security. With the stock now extending gains amid record revenue and a strategic realignment towards AI infrastructure, traders should monitor for a decisive breakout above $128.34 that could signal renewed momentum to the upside.

Source of Data: CSCO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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