Cisco Traders Prepare for Earnings Results Today; EPS of 1.03 Expected
Cisco (CSCO) is a global networking infrastructure manufacturer. The company is set to open today's session at 53.37 after closing yesterday at 53.17, gaining 94 cents (1.8%).
Cisco traded 112% more shares than its average daily volume of 16.20 million shares.
Cisco's Recent Performance and Market Cap
Cisco has gained 2% in the previous 5 days.
It has outperformed the Nasdaq by 26.14% so far this year in terms of returns.
Cisco currently has a market cap of $215.37 billion.
Technical Outlook
Cisco bulls are looking to push the stock past a key resistance level at 53.54 as the next upside milestone if they maintain their dominance. In the short term, a break above this level could open up a new path for further gains towards 53.90 and 54.80. Cisco is also approaching a significant Bollinger Band® level at 53.75, which adds to the bullish sentiment building around the stock.
The uptrend for Cisco has seen its share price rise 2.25% over the past four days, and it is expected to continue with a further 94 cents, or a 1.8% rise today.
Analyst Opinion
Despite its strong performance in the current session, Cisco remains rated as a "Strong Sell" by analysts. However, the stock has outperformed the Nasdaq by 26.14% this year
Cisco (CSCO) is a global networking infrastructure manufacturer. The company is set to open today's session at 53.37 after closing yesterday at 53.17, gaining 94 cents (1.8%).
Cisco traded 112% more shares than its average daily volume of 16.20 million shares.
Cisco's Recent Performance and Market Cap
Cisco has gained 2% in the previous 5 days.
It has outperformed the Nasdaq by 26.14% so far this year in terms of returns.
Cisco currently has a market cap of $215.37 billion.
Technical Outlook
Cisco bulls are looking to push the stock past a key resistance level at 53.54 as the next upside milestone if they maintain their dominance. In the short term, a break above this level could open up a new path for further gains towards 53.90 and 54.80. Cisco is also approaching a significant Bollinger Band® level at 53.75, which adds to the bullish sentiment building around the stock.
The uptrend for Cisco has seen its share price rise 2.25% over the past four days, and it is expected to continue with a further 94 cents, or a 1.8% rise today.
Analyst Opinion
Despite its strong performance in the current session, Cisco remains rated as a "Strong Sell" by analysts. However, the stock has outperformed the Nasdaq by 26.14% this year
Ghi chú
R3 54.80R2 53.90
R1 53.54
S1 52.64
S2 52.10
S3 51.20
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.