# Cisco Slides 6% as Tech Sector Gains

> Cisco stock drops 6% while tech sector rises, peers hold flat.
- Title: Cisco Slides 6% as Tech Sector Gains · 24/7 Wall St.
- Summary: Cisco stock drops 6% while tech sector rises, peers hold flat. Cisco shares fell 6% to $104.94 on Tuesday as tech sector gained ground, with Arista and Ciena…
- Keywords: cisco, tech sector, arista, ciena, nasdaq, stock market, ai networking, Slides, Tech, Sector, Gains, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/22/cisco-sinks-6-while-the-tech-sector-rises-arista-and-ciena-hold-flat
- Author: David Moadel
- Published: 2026-09-22T17:06:44+00:00
- Read time: 1 min
- Topics: cisco, tech sector, arista, ciena, nasdaq, stock market, ai networking
## Cisco Slides 6%
Cisco Systems stock is down 6% to $104.94 on Tuesday while the broader technology sector gains ground.
## Tech Sector Rises
The Technology Select Sector SPDR Fund is up 0.38% to $195.60 and the Invesco QQQ Trust is up 0.52% to $745.32.
## Arista and Ciena Hold Flat
Arista Networks stock is down 0.5% to $204.33 while Ciena stock is up 0.4% to $367.29.
## No Company Announcement Explains Drop
No fresh company release from Cisco explains the size of Tuesday’s decline, with the most recent analyst note from the previous session.
## Piper Sandler Holds Rating
Piper Sandler maintained its Hold rating on Cisco and cut its price target to $125, reading as caution rather than a bear thesis.
## Cisco’s AI Product Focus
Cisco emphasized AI product framing rather than demand warnings, with Splunk capabilities for on-premises, private cloud, and air-gapped environments.
## What to Watch Next
Investors should monitor whether Cisco stabilizes or sees follow-through selling, with the Piper Sandler target at $125 as the key reference point.
## Key takeaway

Cisco shares fell 6% to $104.94 on Tuesday as tech sector gained ground, with Arista and Ciena holding steady.