Traders are treating this legacy tech giant like the next 'meme' stock

Cisco CEO Chuck Robbins appears at the World Economic Forum in Davos, Switzerland, on Jan. 21, 2026. Krisztian Bocsi | Bloomberg | Getty Images Options traders might have found a new big-tech favorite ahead of this week's earnings: legacy networking giant Cisco , a stock that's undergone a years-long pivot to software and cloud-based AI technology and is now surging into its Wednesday report. …