Stock Market, Feb. 9: What's on Tap

NEW YORK (TheStreet -- The market was up modestly on Tuesday, while Treasuries sold off after a disappointing auction. Turning the page to Wednesday, a couple of big names are set to report their quarterly results.

Cisco Systems(CSCO) is due after the market closes. Wall Street is looking for the tech bellwether to report a profit of 35 cents a share for its fiscal second quarter ended in January on revenue of $10.23 billion.

The networking giant's results have been known to set off the market. Last quarter, Cisco disappointed but it didn't prompt a wider sell-off among tech stocks as traders felt the problems were "Cisco specific."

This time around market watchers will be listening for color on market share and order trends -- specifically focused on set-top boxes in the home. Cisco's outlook for the rest of the year is also anxiously awaited. The company has already said the first half will be difficult, leaving little wiggle room for the second half.

Signal Hill reiterated its buy rating on Cisco shares ahead of the report, saying it expects the company to meet the consensus view for the quarter and give an in-line outlook for the rest of the year.

"Our channel checks suggest enterprise and service provider demand was healthy throughout Q2 with noted strength in the technology and wireless sectors," the firm said.

Dow component Coca-Cola (KO) is set to deliver its numbers before the opening bell. Wall Street is expecting a profit of 72 cents a share in the December quarter on revenue of $10 billion. Coke has topped the consensus view in the past two quarter, coming in 3% ahead both times.

Credit Suisse recently tweaked its estimates for the company's full-year earnings to $3.86 a share from $3.87, but kept its outperform rating. The analyst isn't concerned with the rising costs affecting other consumer companies. Argus Research analyst Erin Smith, however, is concerned and pointed out that costs went up 3% in the third quarter.

The market will be listening for color on integration of the bottling company it bought back in the fourth quarter and whether the company is starting to see any benefits or has come up against any unforeseen problems.