TESSCO Technologies Technical/Fundamental analysis gets news on Friday of deal with CISCO and everyone misses the news because only 246 followers on Stocktwits. Company is big into 5G and 4G wireless communications for helping to build smart cities. Has partnerships with Samsung, Google, Verizon, 3M, Sony, LG, Utilities, Oil Companies, USA Government and other big names.
Was a $12 dollar stock back in Jan 2020 before COVID-19 now going for $5.50. Company does $600 million revenue in a year, has $86 million in equity on the balance sheet, is gross profitable, and has only a $46 million dollar market cap with 8.5 million Outstanding Shares and 5.76 million public float. This means this stock is an Ultra Low Float.
Potential big bounce incoming, going back to $8 - $12 over the next few months.
www.tessco.com
www.tessco.com
May 29,2020 Press Release
$TESS manufacturing partnership with $CSCO Cisco. Ventev, the manufacturing unit of TESSCO Technologies, Inc, recently announced its selection as a partner in the Cisco Internet of Things Design-In Program. The program offers customers integrated power solutions, featuring Cisco industrial IoT networking and data solution products.
"The collaboration will help a variety of customers including Utilities, integrator's of Smart City applications, and other industries find the right products for their deployments, develop integrated solutions that address their needs, and deliver a connected IoT-enabled solution quickly."
www.marketwatch.com
Also there is some evidence that they have Disney as a customer and one of the largest Grocery Chains in the USA. Evidence to that will be explained below at the bottom of this post.
www.marketwatch.com
AND TO TOP IT ALL OFF, THEY STICK THIS IN THE EARNINGS CALL....which has not been publicly announced yet and I will be calling investor relations to tell them to get on the managements case about issuing a press release to make the investors and public aware of their intentions to supply PPE gear:
"In addition, several of our customers have asked us to support them in providing PPE gear for their crews and their employees. We are utilizing our supply chain resources to source masks and sanitizers, gloves, goggles and disinfectant wipes. We have received the first shipment of this gear in mid-April and began shipping it immediately to our customers. We are very proud to be playing a role in the recovery process during this pandemic."
Just one of the many cool products they have for sale:
UV SHIELD+ Sanitizer Unit - White
www.tessco.com
Connected home products from Google:
www.tessco.com
Also google: "TESSCO Technologies, Inc. (TESS) CEO Sandip Mukerjee on Q4 2020 Results - Earnings Call Transcript" I can't post link because it came from Seeking Alpha the transcript but it will confirm everything I have been saying in this entire post and lay out the companies ambitions with 5G and IoT.
"Our partnership with two of the world’s largest theme parks also remains strong. We are adapting our quick access Ventev bracket for small form factor antennas, for a new attraction. We expect these solutions will also have strong demand from other customers. bracket for small form factor antennas, for a new attraction. We expect these solutions will also have strong demand from other customers." $DIS
"We also continued with the second phase of a roll out for one of the largest grocery store chains in the U.S. We are supplying a custom Ventev antenna that will be placed in all stores’ freezers."
"TESSCO is an essential business as defined by the Department of Homeland Security, and remains open to serve our customers and provide support to our nation’s communications infrastructure needs, by providing critical equipment and vital services to fill the urgent needs of telecom companies, service providers, emergency responders, law enforcement, defense and security personnel as well as thousands of private entities that support these groups throughout our nation."
Cisco
Bullish Weekly Chart - LongWeekly chart looks great!
Volume is Bullish
PMO is Bullish
MACD is Bullish
Stochastic is Bullish
Long!
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Cisco ($CSCO): Earnings Expectations Low, Which Way Does it Go?✨ We provide charts every day ✨
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Cisco systems has earnings coming up. Analysts expectations are low, and the last earnings report right before the COVID dump was bullish, so perhaps a beat here could give us a push to the upside.
That said, the overall trend is down, so from a TA perspective on a longer timeframe expectations are low.
The question here is, "can earnings help keep CSCO afloat, or is it back down along the trend this behemoth?" Let's do an analysis.
Resource: www.earningswhispers.com
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1. Fractal Trend is signaling a downtrend (Maroon bar color) on higher time frames. Sure, CSCO has had a solid recovery from the bottom, and earnings could send this higher and have us eying longs, but the overall trend is still bearish so we are looking for a short.
2. With the strategy, we allow short setups in a downtrend with our entry being the retest of a previous S/R that has flipped and been validated by Directional Bias OR an orderblock plotted by Orderblock Mapping.
3. If we move to the upside, we will be looking for a retest of R1 and a pullback to open a short position with targets of S1 and S2.
4. To the downside we will be looking at the S1 & S2 orderblocks for reactions.
5. The general hope here is to see momentum from earnings set us up for a great short entry at the R1 S/R flip.
"Cisco: down move coming soon" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Weekly Ascending Trendline and made a pullback to it.
- It is currently on an important Support Zone.
- If price has the strength to break it, there is potential to start a huge down move.
Weekly Vision:
Daily Vision:
Updates coming soon!
"Cisco: the down move continues" by ThinkingAntsOkWeekly Chart Explanation:
- Price broke the Ascending Trendline.
- Price broke the first Support Zone (Resistance Zone now) and is on a correction (pullback) to it.
- Expect price to continue the down move towards the two next Support Zones.
Daily Vision:
Updates coming soon!
"Cisco ready to start its up move" by ThinkingAntsOk4H Chart Explanation:
- Price bounced on on the Weekly Ascending Trendline.
- Price broke the Descending Trendline.
- CCI indicates that a correction should come now.
- We expect a Bullish Corrective STructure before going up towards the Resistance Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
Cisco: Buy opportunity for 54.00.Cisco nose dived on last week's closing sessions with 1D turning aggressively bearish (RSI = 34.865, MACD = -0.320, Highs/Lows = -2.0286). The stock may be well below its July's High but there is a technical pattern that presents the current 45.00 level as an optimal medium term buy opportunity.
In 2012 we had a similar price action, which following a Death Cross on 1D, made a bottom on a symmetrical Higher Low Support and initiated the new multi-month buy sequence. We are on an identical price action at the moment and with the RSI hitting the same bounce level we believe Cisco is near a bottom (even symmetrical as seen on the chart). 54.00 appears to be a reasonable long target for the first months of 2020.
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CISCO - DAILYHi, today we are going to talk about CISCO
We observe a D1, some important points. The details are highlighted above.
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Cisco Showing StrengthAs per the Chart
Abbreviations;
ND=No demand
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
SB= Supply Bar
EVRB= effort vs Result Bottom
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CSCO Not an opportunity We can see a rejection at 200-day MA (yellow line) but there's a clear direction for Cisco. $47.89 could be a nice target. However, this is not a call.
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