Cisco Systems drops nearly 10% after earnings beat fails to impress

As seen on the 24/7 Wall St. homepage on August 13, 2026.

CSCO Cisco Systems
Regular session
$111.92
-9.65% open $123.88

Down 9.65% to $111.92, and this is a mega-cap that rarely moves this hard in a single session. The selling follows last night's Q4 earnings beat, so the market is pricing something other than the headline numbers.

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Cisco Systems shed nearly 10% in a single regular session, an unusual one day move for a company this large.

Cisco beat expectations on its Q4 earnings report, so the selling points to forward guidance, the composition of the results, or the valuation already priced in ahead of the report.

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Investors need to separate the earnings beat from whatever the market found troubling enough to reprice the stock so severely in one day, and that warrants close attention before drawing conclusions about the company's direction.

A move this sharp in a name this large attracts both buyers looking for a discount and sellers who read the reaction as a signal of structural concern, so near-term statements from Cisco's leadership are worth following carefully.

Mentioned: CSCO