Cisco Systems stock heads into the open after a 2.1% Nasdaq drop

Cisco Systems (CSCO) stock closed down 2.1% at USD 107.74 on the Nasdaq on September 16, 2026, underperforming broader tech shares and major benchmarks despite an earlier intraday gain reported by one source. The decline occurred amid growing expectations for a Fed rate hike. Investors are now focusing on Cisco's AI and analytics strategy, particularly its integration of Splunk for managing AI-related data and costs, as the market opens today.