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Cisco (CSCO): Waiting for an entry after earningsCisco NASDAQ:CSCO recently reported its Q1 earnings, and the results exceeded expectations. With a reported revenue of $13.841 billion versus the estimated $13.775 billion, and earnings per share (EPS) coming in at $0.91 against an expected $0.872, the company delivered a positive surprise. This marks the ninth consecutive quarter where Cisco has beaten revenue estimates. On the technical side, the previously bearish outlook has been invalidated. We have updated our chart, adjusting the wave (4) bottom to align with the lower trend channel. After a remarkable 33% rally in just 100 days, the stock is due for a “healthy” pullback, potentially targeting the range high of $52-$48. However, this will heavily depend on further market reactions to the earnings report. From a broader perspective, we are now targeting a push towards or even above the upper trend channel for the wave 3 and subsequently the wave (5). However, these moves are long-term prospects and will take time to materialize. The focus remains on recurring revenue, which has grown significantly year-over-year, reaching $29.6 billion in the fourth quarter. While recurring revenue from subscriptions is a bullish factor, potential concerns regarding company spending in the second half of 2024 need to be monitored. We are closely observing the lower time frame for potential entry opportunities, keeping an eye on the anticipated pullback to confirm healthy growth momentum.
NASDAQ:CSCOLong
by freeguy_by_wmc
Cisco's Beats Earnings Report, Layoffs, and the Road AheadCisco Systems (NASDAQ: NASDAQ:CSCO ) has made headlines again, not just for its fiscal fourth-quarter results, but also for a significant shift in its workforce strategy. The networking and technology giant has announced a 7% reduction in its global workforce, marking a continuation of cost-cutting measures that began earlier this year. This move comes as Cisco pivots toward higher-growth areas like cybersecurity and artificial intelligence (AI), reflecting the company’s strategic focus on future-proofing its business in an evolving tech landscape. Earnings Beat Expectations Despite Revenue Dip Cisco's fiscal fourth-quarter results revealed a mixed bag of figures. The company reported revenue of $13.6 billion, representing a 10% decline year-over-year. However, the dip wasn't as severe as analysts had anticipated, with earnings per share (EPS) coming in at $0.54, down 44% but still ahead of expectations. This resilience is particularly notable given the ongoing challenges in Cisco's core networking business, which has faced pressure as enterprise customers increasingly migrate their computing operations to the cloud. The company’s revenue projection for fiscal 2025 is set between $55 billion and $56.2 billion, with an EPS forecast ranging from $1.93 to $2.05. Although these numbers fall slightly below Wall Street’s estimates, Cisco’s focus on subscription revenue, particularly from its recent $28 billion acquisition of cybersecurity firm Splunk, is a positive sign. Subscription revenue alone contributed $27.4 billion, accounting for more than half of the company’s total sales. Workforce Reductions The decision to cut 7% of its workforce, months after a 5% reduction earlier this year, underscores Cisco's commitment to realigning its resources toward sectors with higher growth potential. The layoffs, while significant, are part of a broader strategy to invest in key areas such as cybersecurity and AI, where the company sees substantial long-term opportunities. This strategic pivot is crucial as Cisco (NASDAQ: NASDAQ:CSCO ) navigates a rapidly changing market environment. The company’s investments in AI and cybersecurity are not just about diversification but also about strengthening its competitive edge in industries that are expected to see explosive growth in the coming years. By reallocating resources from traditional networking to these high-growth areas, Cisco (NASDAQ: NASDAQ:CSCO ) is positioning itself to capitalize on emerging trends that are reshaping the technology landscape. Market Reaction: A Positive Turn Investors responded positively to the earnings report and the strategic realignment, with Cisco’s stock rising more than 7% in Thursday's Market trading. The share price, which has struggled throughout the year, showed signs of recovery, reflecting renewed investor confidence. However, Cisco's stock chart reveals a complex picture. The shares recently formed a head and shoulders pattern, a technical formation that often signals a potential market top. Despite this, the post-earnings rally suggests that market sentiment may be shifting in favor of the bulls, especially as trading volumes remain lackluster, indicating a lack of conviction behind the previous downward move. Investors will closely monitor key resistance levels for Cisco shares. Selling pressure may arise around $48.50, $50, $52.50, and potentially up to $58, where the "head" of the head and shoulders pattern is situated. A close above this level could invalidate the bearish formation, allowing for further gains, supported by a Relative Strength Index (RSI) of 63, which suggests potential growth for Cisco (NASDAQ: NASDAQ:CSCO ) stock. The Road Ahead Cisco's latest moves highlight its proactive approach to navigating a challenging and competitive market. By doubling down on high-growth sectors like cybersecurity and AI, the company is not just cutting costs but also strategically positioning itself for future success. As Cisco continues to adapt to market demands and technological shifts, its ability to execute on these strategies will be key to maintaining its leadership position in the tech industry. The road ahead for Cisco may be fraught with challenges, but with its focused strategy and recent earnings beat, the company is well-positioned to weather the storm and emerge stronger on the other side. Investors and industry observers alike will be closely monitoring Cisco’s next moves as it continues to redefine its business in the face of rapid technological change.
NASDAQ:CSCOLong
by DEXWireNews
Cisco's Next Chapter Overcoming Challenges Seizing OpportunitiesCisco Systems Inc., a global leader in networking and IT solutions, is undergoing a significant restructuring to navigate the challenging economic landscape and pivot towards higher-growth segments. The company recently announced a major layoff affecting 7% of its global workforce, signaling a shift in strategy. Financial Performance: Despite a 10% year-over-year revenue decline to $13.6 billion in its fiscal fourth quarter, Cisco exceeded analyst expectations. Earnings per share (EPS) dipped by 44% to $0.54, but the figures were better than projected, offering some relief to investors. Strategic Shift: Cisco’s acquisition of Splunk in March has strengthened its position in the cybersecurity market. The company is focusing on software and security solutions, aiming for higher recurring revenue and reduced reliance on traditional hardware. Cisco's investments in AI and automation are key to its future growth. Market Reaction: The market reacted positively to Cisco’s earnings announcement and restructuring plan, with the stock surging in after-hours trading. Investors are optimistic about Cisco's ability to address current challenges and position itself for future success. 5G Ecosystem Role: Cisco is playing a crucial role in the 5G ecosystem. The company’s strategy includes: [ Core Network Transformation: Solutions for building and operating 5G core networks. RAN Solutions: Collaborations with vendors to provide orchestration and automation platforms. Edge Computing: Investments to enable low-latency applications. Security: Robust solutions to protect against cyber threats. Challenges and Opportunities: The 5G market offers significant opportunities but also poses challenges such as intense competition, complex deployments, and proving ROI to service providers. Cisco's focus on end-to-end solutions, partnerships, and R&D investments is critical to staying ahead. Conclusion: Cisco's future hinges on a balancing act between cost-cutting and innovation. The company's ability to adapt to industry shifts, including the rise of 5G and AI, while managing economic and supply chain challenges, will be crucial for long-term success.
NASDAQ:CSCOLong
by signalmastermind
Cisco Stock Faces Bearish Trends Ahead of Q4 Earnings ReportsOverview As Cisco Systems Inc. (NASDAQ: NASDAQ:CSCO ) prepares to report its Q4 earnings, the stock faces mounting bearish pressure. Trading at $45.20, Cisco's shares have struggled to gain traction, falling below key technical indicators that suggest a continued downward trend. Despite the grim outlook, some analysts see potential for a rebound, with price targets implying a possible 17.36% upside. Here's a closer look at what might be in store for Cisco and its investors. Bearish Technical Indicators: Cisco's stock has been on a downward trajectory, declining 16.18% over the past year and 10.58% year-to-date. The share price is currently below its five-, 20-, and 50-day exponential moving averages (EMAs), signaling persistent selling pressure. This consistent positioning below key EMAs is often a red flag for investors, indicating that the stock could continue to face headwinds in the near term. Further reinforcing the bearish outlook, Cisco's share price is also below its eight-day simple moving average (SMA) of $45.36, 20-day SMA of $46.69, and 50-day SMA of $46.65. The 200-day SMA stands at $48.70, suggesting that the stock has been in a prolonged downtrend and is struggling to break out of it. Key Technical Signals: The Moving Average Convergence Divergence (MACD) indicator is at a negative 0.24, highlighting a bearish signal. The MACD, often used to gauge momentum, suggests that Cisco's stock is losing steam, and the bearish trend may continue. The Relative Strength Index (RSI) of 40.79 indicates that the stock is approaching oversold territory, but it's not yet at a level where a reversal is imminent. An RSI below 30 typically signals that a stock is oversold and might experience a rebound, but Cisco's current RSI suggests that there is still room for further declines. The Bollinger Bands, which measure volatility and relative price levels, range from $44.46 to $49.07. Cisco's share price is currently below the lower band, confirming the bearish sentiment and signaling that the stock could continue to face downward pressure. Analyst Sentiment: A Glimmer of Hope? Despite the overwhelmingly bearish technical indicators, analysts maintain a neutral rating on Cisco (NASDAQ: NASDAQ:CSCO ), with a consensus price target of $56.39. This suggests a potential upside of 17.36%, indicating that some analysts believe Cisco (NASDAQ: NASDAQ:CSCO ) may have the ability to rebound in the coming months. Recent ratings from firms like Piper Sandler, Barclays, and Wells Fargo imply that Cisco (NASDAQ: NASDAQ:CSCO ) could see its stock price rise to an average target of $53, which would represent a significant recovery from its current levels. However, this optimistic outlook is tempered by the technical indicators, which continue to suggest that the stock is under considerable selling pressure. Earnings Report: A Potential Catalyst? Cisco (NASDAQ: NASDAQ:CSCO ) is set to report its Q4 earnings after market hours on Wednesday, with Wall Street expecting 85 cents in earnings per share (EPS) and $13.54 billion in revenue. This earnings report could serve as a crucial turning point for the stock. If Cisco exceeds expectations, it might help to reverse the bearish sentiment and provide the momentum needed for a recovery. On the other hand, if the earnings fall short, it could reinforce the negative outlook and push the stock further down. Conclusion: Cisco Systems (NASDAQ: NASDAQ:CSCO ) is currently navigating a challenging market environment, with strong bearish signals dominating its technical landscape. However, the upcoming Q4 earnings report could be a critical moment for the company, offering a potential catalyst for change. Investors should keep a close eye on the earnings results and any forward guidance provided by the company, as these will likely influence the stock's trajectory in the near term. While analysts see potential for a rebound, the technical indicators suggest that caution is warranted. Will Cisco manage to defy the odds and stage a comeback, or will the bearish trend continue to weigh on its shares? The answer may lie in the numbers revealed on Wednesday.
NASDAQ:CSCO
by DEXWireNews
Cisco (CSCO): Ready for a Post-Earnings Drop?As we approach Cisco's earnings report, it's time for another pre-earnings analysis. We're examining both the higher time frame and then zooming in for a closer look. On the higher time frame (Daily), Cisco is following a nearly perfect trend channel. While a retest of the lower range of this trend channel seems the most probable, I suspect that the price could breach this level and wick into our target zone between $38 and $32. If this scenario unfolds as anticipated, it could present a great opportunity to take a long position in Cisco, potentially holding into 2025 for more significant gains. The bearish outlook is further supported by a shoulder-head-shoulder formation that has caught our eye. Although we typically don't trade based on these formations, this one is hard to ignore. Ideally, we'd see a breach below the lower trend channel range, followed by a retest, and then a sell-off into our target zone. We're watching closely for the first signs of movement following Wednesday's earnings report.
NASDAQ:CSCO
by freeguy_by_wmc
Cisco Stock Jumps on Revenue Beat and Raised Guidance ForecastCisco Systems ( NASDAQ:CSCO ) reported better-than-expected revenue in its third-quarter earnings announcement and raised its full-year revenue guidance. The company's revenue for the fourth quarter of fiscal 2024 was $12.7 billion, a 13% year-over-year decline but higher than analysts anticipated. Net income came in at $1.88 billion or 46 cents per share, down from $3.21 billion or 78 cents per share in the year-ago quarter, and below expectations. However, adjusted earnings per share stripping out one-time items came in at 88 cents, beating expectations, though that figure also represented a decline from the year-ago period. Cisco ( NASDAQ:CSCO ) completed its acquisition of Splunk, an enterprise data infrastructure solutions provider, during the quarter, which had a positive impact on Cisco's revenue but negatively impacted its earnings. The company raised its full-year revenue guidance to between $53.6 billion and $53.8 billion, up from the range of $51.5 billion to $52.5 billion it issued in the second quarter and above the $53.24 billion analysts projected. Cisco CEO Chuck Robbins said that the company's "unique ability to bring together networking, security, observability, and data enables Cisco to offer our customers unrivaled digital resilience for the AI era." Cisco Systems ( NASDAQ:CSCO ) shares rose about 4% before the bell on Thursday after an upbeat fourth-quarter forecast signaled further stabilization in networking equipment demand and benefits from its $28 billion deal for cybersecurity firm Splunk. The world's largest networking equipment maker (CSCO.O), opens new tab), had struggled with sluggish demand as customers adjusted piled up inventory from frenetic buying during the pandemic and lingering supply-chain snags. Cisco ( NASDAQ:CSCO ) was set to add almost $8 billion to its market value on Thursday if premarket gains held. The company is expected to benefit from the billions of dollars U.S. technology giants such as Microsoft and Meta Platforms are spending on data centers to support chatbots like ChatGPT, which need heavy computing power. Cisco ( NASDAQ:CSCO ) raised its 2024 revenue forecast to a range of $53.6 billion to $53.8 billion, from its previous expectations for a range of $51.5 billion to $52.5 billion.
NASDAQ:CSCOLong
by DEXWireNews
Unlocking Cisco's Growth: Challenges and Opportunities AheadCisco Systems' recent fiscal third-quarter earnings report exceeded expectations despite a year-over-year revenue decline, highlighting ongoing challenges in the market. The company is addressing inventory normalization, aiming for completion by July 2024, which should stabilize revenue streams. Cisco's core networking business remains strong, augmented by strategic acquisitions like Splunk, expanding into security and observability markets. With a growing focus on recurring revenue and emerging technologies like AI infrastructure, bolstered by a partnership with Nvidia, Cisco aims to capitalize on evolving technology trends. However, uncertainties persist, particularly with competitors like HPE and Juniper merging, necessitating vigilance in maintaining Cisco's market position. To sustain success, Cisco must tackle revenue decline, integrate Splunk effectively, balance legacy business with innovation, and closely analyze competitive landscape shifts.
NASDAQ:CSCOLong
by signalmastermind
SPLK | Splunk & CiscoShares of Splunk were up 21.3% as of 1:10 p.m ET Thursday after the data analytics and observability specialist agreed to be acquired by Cisco Systems More specifically, on Thursday morning Splunk announced it has entered into a definitive agreement under which Cisco will acquire the company for $157 per share in cash a roughly 31% premium from Wednesday's closing price. The deal places an equity value on Splunk of approximately $28 billion. "We're excited to bring Cisco and Splunk together," said Cisco CEO Chuck Robbins in a statement. "Our combined capabilities will drive the next generation of AI-enabled security and observability." Splunk, for its part, was already up nearly 40% year to date leading into the announcement, helped by a post-earnings pop last month after the company delivered significantly stronger-than-expected fiscal second-quarter results. At the time, Splunk CEO Gary Steele highlighted his company's focus on accelerating innovation as a key beneficiary of the rise of artificial intelligence stocks. The acquisition has already been unanimously approved by both companies' boards of directors, but still requires the approval of regulators and Splunk shareholders. Assuming all goes as planned, the transaction should close by the end of the third quarter of calendar year 2024. Cisco believes the purchase should be cash-flow-positive and gross margin accretive in the first fiscal year post close, and accretive to nonGAAP earnings per share in the second year. Splunk stock is trading at a modest 7.7% discount to the agreed purchase price. So given the cash nature of the deal -- and unless waiting longer to sell might qualify you for long-term capital gains tax rates on your profits -- I think most Splunk shareholders would do well to take their money and put it to work in any number of other promising stocks. SPLK is super bullish because its passed 50 and 200 EMA and also it broke 109$ resistance as well, the volume and most indicators are bullish too
SLong
by moonypto
CISCO Strong Bullish Break-outCisco Systems (CSCO) is sustainably breaking above the Lower Highs trend-line that started on the September 01 2023 High, which was a Higher High on the 1.5 year Channel Up pattern. This break-out has turned the 1D MA50 (blue trend-line) into a Support and the only barrier that remains before a new bullish wave is the 1D MA200 (orange trend-line). If broken (1D candle closing above it), we will target Resistance 1 at 53.50. Notice how based on the 1D MACD symmetry we are on the exact same consolidation levels (blue ellipse) before which a strong rally followed. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:CSCOLong
by TradingShot
"Cisco's Earnings Report: NASDAQ Watch"Cisco's NASDAQ Surge: A Bullish Day Cisco (CSCO) is witnessing a bullish trend today on the NASDAQ. The stock's robust performance is attributed to an impressive earnings report, which exceeded expectations. With a surge in demand for networking and cybersecurity solutions, Cisco's revenue and profitability have soared. Technical indicators, including the Relative Strength Index (RSI) and Simple Moving Averages (SMA), confirm the bullish sentiment, showing strong buying momentum and positive trends. As businesses increasingly rely on digital infrastructure, Cisco's position in the tech sector appears sturdy, making it a stock to watch for those seeking opportunities in today's market.
NASDAQ:CSCOLong
by DEXWireNews
CSCO Cisco Systems Options Ahead of EarningsIf you haven`t sold CSCO here: Or reentered here: Then analyzing the options chain and the chart patterns of CSCO Cisco Systems prior to the earnings report this week, I would consider purchasing the 53usd strike price Calls with an expiration date of 2023-8-18, for a premium of approximately $1.77. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:CSCOLong
by TopgOptions
Buying Cisco at 50-EMA.Cisco Systems - 30d expiry - We look to Buy at 51.21 (stop at 49.21) The primary trend remains bullish. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. A lower correction is expected. This is currently an actively traded stock. 50 1 day EMA is at 51.10. The sequence for trading is higher highs and lows. Our profit targets will be 56.21 and 57.21 Resistance: 52.78 / 53.89 / 55.00 Support: 51.74 / 50.00 / 49.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NASDAQ:CSCOLong
by VantageMarkets
Cisco sequence for trading is higher highs and lows.Cisco Systems - 30d expiry - We look to Buy at 49.75 (stop at 47.75) Daily signals are bullish. The sequence for trading is higher highs and lows. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look to buy dips. Previous resistance at 50 now becomes support. Trading close to the psychological 50 level. 50 1day EMA is at 49.69. Our profit targets will be 54.75 and 55.75 Resistance: 51.75 / 52.56 / 54.00 Support: 50.73 / 50.00 / 48.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:CSCOLong
by VantageMarkets
CISCO Strong price jump. Still high upside potential.Cisco Systems (CSCO) opened today considerably higher leaving behind both the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) which was its Resistance this week. The price even broke above the 0.5 Fibonacci retracement level for the first time since May 04 2022. Needless to say this is a major bullish break-out from all perspectives. We expect a pull-back only after the 1D RSI hits 74.00, which has been the overbought level that caused major corrections. Up until that overbought level, the stock rose every time (3 occasions) by a minimum of +22.50% (others +26% and +30%). Assuming we see another (minimum) +22.50% rise before an overbought 1D RSI rejects the uptrend, we can expect a new High around $56.80, which is exactly at the bottom of a Resistance Zone holding since February 18 2022 (almost a year!) where 4 rejections took place a little after the peak of the market. Notice that a 1D Death Cross on March 21 2022 was what really made the price collapse aggressively during the Bear Market and a 1D Golden Cross (December 28 2022) is what can potentially make it recover the full distance to the prior market High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:CSCOLong
by TradingShot
3
Cisco’s strength to be challenged coming into the new yearCisco Systems, Inc. (symbol ‘CSCO’) made somewhat consistent profits throughout the last quarter of 2022 with some sideway movement on the share price in the last month and a half. The company’s earnings report for the fiscal quarter ending December 2022 is set to be released on Wednesday 15th of February, after market close. The consensus EPS for Q4 is $0.76 compared to Q4 2021’s $0.77. ‘The latest current ratio of the company ( meaning the ability of the company to repay its short term liabilities) is at 1.43 which in combination with a payout ratio of 54.51% shows that the company is healthy at least in the short term. This in combination to the dividend yield of 3.20% make the company an attractive addition to an investors portfolio. ’ said Antreas Themistokleous at Exness. Based on technical analysis the share price is trading on a major technical resistance which consists of the 20 and 100 day moving average and the 23.6% of the daily Fibonacci retracement level. The Stochastic oscillator is not indicating any overbought or oversold levels so based solely on technical analysis principles the most possible scenario could possibly be the continuation of the bearish movement at least in the short term. If this scenario is confirmed in the following sessions we might expect some support around the $46 price area which consists of the 38.2% of the Fibonacci and also the lower band of the Bollinger bands.
NASDAQ:CSCO
by Exness_Official
1