Cisco Systems, Inc. (CSCO) is an American multinational technology company headquartered in San Jose, California, that designs, manufactures and sells networking equipment. It is considered to be the biggest networking company in the world. The stock was added to the Dow Jones Industrial Average on June 8, 2009, and is also included in the S&P 500 Index, the Russell 1000 Index, NASDAQ-100 Index and the Russell 1000 Growth Stock Index.
CSCO looks to have resistance at $28.50 but could have clear skies after that? Thoughts? Could bounce down shortly or break through.
Analysts Advise About Cisco Systems, Inc. (CSCO) Cisco Systems, Inc. (CSCO) stock is currently trading at about $27.64 and lots of rating firms seem to have a target price set on the stock. The median 12-month price target of 31 analysts covering the company is $30, which suggests the stock could still gain more than 9 percent. The highest analyst price target is $37, which implies a gain of 34 percent. And roundups of analyst notes show that 14 are rating the stock a buy while 10 rate CSCO a strong buy. There are 13 equity research firms suggesting a Hold and 0 consider it Sell. Read full article here: http://www.zergwatch.com/2016/04/13/analysts-advise-about-cisco-systems-inc-csco/
50MA just crossed over the 200MA earlier this week. Should have entered right when the crossover happened.
I've played CSCO on the Feb pull down and sold it at a bit over 28 a little over a week ago. Planning on re-entering on the next pull back.
Reported after close today (5/18/16) Earnings: EPS $0.50 Revenue $12B Estimates: EPS $0.50 Revenue $11.909B Up 6.29% after hours so far
This one is such a tease. Below is a 5 year chart with weekly candles. Note that for over a year now this has been trading in a loose channel with hard resistance at $29. I have been trading this channel a couple of times this year between 26 and 27.50. I am currently out of it waiting for a pullback to under 26 which happened briefly during the brexit pullback and I was unable to get in it fast enough. The other way to trade this one would be to watch for a breakout at 29 and try to catch it upward under 30 because I think when it does break that resistance at 29 it will open the door for a nice upward swing.
Cisco announces major layoff... http://www.reuters.com/article/us-cisco-systems-layoffs-idUSKCN10S05D
Surprising to see CSCO beat earnings and revenue and cut costs yet trade lower in after hours. Should edge up next few days
Reported after close today (11/16/16) Earnings: EPS $0.61 Revenue $12.35B Estimates: EPS $0.59 Revenue $12.34B Down 4.50% after hours so far
