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CSCO

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
$CSCO Can Go Either WayNASDAQ:CSCO is currently forming a double inside day. If price goes above previous daily high of $49.15 , profit target is $49.65 and then $50.04 . If price goes below previous daily low of $48.26 , profit target is the 0.618 mark in the middle of the gap at $46.99 . Potential Options Contracts: Calls $50c 9/20 @ $0.25 | Vol. 529, OI. 23,104 $50c 10/18 @ $0.65 | Vol. 584, OI. 16,867 Puts $48p 9/20 @ $0.34 | Vol. 139, OI. 8,470 $47.5p 10/18 @ $0.73 | Vol. 510, OI. 7,020
NASDAQ:CSCO
by Brandonthrives
$CSCO Faked Breakdown!NASDAQ:CSCO had two back-to-back inside days 9/9 and 9/10 and on 9/11 broke the previous day low (9/10) but was a fake breakdown and began to shoot up after 11:00am. You're currently viewing NASDAQ:CSCO on the 65minute chart. There are 6 bars per day on a 65m chart. The stock is up 3.74% since Wednesday, 9/11 @ 11:00am. I didn't take the trade but the calls are up from my previous NASDAQ:CSCO post: NASDAQ:CSCO 50c 9/20 (0.25 -> 0.37) +48% NASDAQ:CSCO 50c 10/18 (0.65 -> 0.90) +39% Price can either consolidate around the 0.28 fib, go higher to $50 or retrace back to 0.382 fib.
NASDAQ:CSCO
by Brandonthrives
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
Interesting data being formed in long term charts $CSCO $PYPL +Have been looking at a ton of some setups looking for UNDERVALUED & UNDER LOVED #equities. Have been opening them up to Weekly & Monthly charts. What has been found is quite INTERESTING. Here's 4 (only NASDAQ:PYPL shown here - Please see profile for more data) NASDAQ:CSCO forming a head & shoulder pattern. NYSE:AAP severely beaten up but improving technical data. NASDAQ:PYPL money flow is improving. (nibbling here for entry position) NASDAQ:INTC improved, kind of like CSCO, dropped & rallied. (Spoke on Intel some time ago & has performed well).
NASDAQ:PYPL
by ROYAL_OAK_INC
Cisco Set To Cut More Than 4,000 JobsCisco Systems ( NASDAQ:CSCO ), a stalwart in the networking equipment industry, has announced significant job cuts and a revised downward revenue forecast. The decision, unveiled in the wake of a tough economy that has seen a slew of layoffs within the tech sector, underscores the company's proactive stance in adapting to market realities. The Silicon Valley giant revealed plans to trim its workforce by 5%, translating to over 4,000 job losses globally. This sobering announcement sent ripples through the financial markets, with Cisco's ( NASDAQ:CSCO ) stock dipping over 5% in extended trading. The company revised its annual revenue target to a range of $51.5 billion to $52.5 billion, down from its initial projection of $53.8 billion to $55 billion, citing persistent challenges in the telecom sector and weakened demand from telco and cable service providers. CEO Charles Robbins, addressing analysts during a conference call, acknowledged the prevailing headwinds but remained resolute in the face of adversity. He emphasized Cisco's strategic realignment towards high-growth areas, particularly in the realm of artificial intelligence (AI). The company's partnership with industry titan Nvidia signals a concerted effort to leverage cutting-edge technology and capitalize on burgeoning opportunities in data centers and AI applications. Despite the near-term turbulence, analysts anticipate a gradual recovery, with the networking hardware inventory overhang expected to dissipate by the latter half of 2024 or early 2025. Joe Brunetto, an analyst at Third Bridge, noted the industry-wide trend of clients prioritizing the clearance of excess networking gear inventory, setting the stage for a potential resurgence in demand. Looking ahead, Cisco ( NASDAQ:CSCO ) remains steadfast in its commitment to innovation and adaptation. The company's third-quarter revenue projection, albeit below analyst estimates, reflects a pragmatic outlook amidst evolving market dynamics. With a workforce of 85,000 employees, Cisco ( NASDAQ:CSCO ) aims to navigate the restructuring process judiciously, mitigating the impact on its workforce while optimizing operational efficiency. The forthcoming layoffs are projected to incur a substantial charge of $800 million before tax, primarily attributable to severance and associated costs. However, Cisco ( NASDAQ:CSCO ) anticipates recognizing the majority of these charges in the first half of fiscal 2025, signaling a concerted effort to expedite the transition and position the company for sustained growth. In the second quarter, Cisco( NASDAQ:CSCO ) showcased resilience, surpassing analyst expectations with an adjusted profit of 87 cents per share and revenue of $12.79 billion. This robust performance underscores the company's underlying strength and resilience amidst a challenging economic backdrop. As Cisco ( NASDAQ:CSCO ) navigates the uncertainties of the current landscape, its strategic focus on AI and innovation remains unwavering. The partnership with Nvidia exemplifies a forward-thinking approach, harnessing synergies to drive growth and unlock new avenues of opportunity. Amidst the prevailing challenges, Cisco's proactive measures underscore a commitment to resilience, innovation, and long-term value creation in an ever-evolving market landscape.
NASDAQ:CSCOLong
by DEXWireNews
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
CISO Global's Battle Against Delisting & the Path to Redemption Cybersecurity and compliance company CISO Global (NASDAQ: NASDAQ:CISO ) finds itself facing a daunting challenge – the looming threat of delisting from the Nasdaq Exchange. With the stock currently down 14%, investors are anxiously watching the company's every move, hoping for a strategic plan that could reverse its fortunes. The Delisting Conundrum: The catalyst behind CISO Global's recent stock plunge lies in an updated delisting notice from the Nasdaq Exchange. The primary issue stems from the company's shares consistently trading below the critical threshold of 10 cents. While CISO had been grappling with the minimum $1 bid requirement since March 2023, a new hurdle emerged as the stock closed 10 consecutive trading days below the 10-cent mark, triggering an additional delisting warning. The company had until March 2024 to regain compliance with the Nasdaq's minimum bid price rule, a deadline that now seems increasingly challenging to meet. In response to the latest notice, CISO Global has expressed its intention to appeal the Nasdaq Exchange's decision, striving to present a compelling plan to lift its stock price above the $1 minimum bid. Investor Sentiment and Market Impact: Unsurprisingly, the barrage of delisting warnings has sent shockwaves through the CISO shareholder community. With the stock already under pressure due to its low trading price, the added uncertainty regarding its Nasdaq status has further dampened investor morale. The 13.9% drop in CISO stock on Friday reflects the growing concerns and skepticism among investors about the company's ability to overcome this formidable challenge. Path to Redemption: Amidst the gloomy outlook, CISO Global remains resolute in its determination to fight the delisting decision. The company is now tasked with crafting a strategic plan that not only convinces the Nasdaq Exchange to grant an appeal but also outlines a viable path to elevate its share price above the required threshold. Investors are eagerly awaiting details of this plan, as it holds the key to the company's redemption and continued presence on the Nasdaq. Conclusion: CISO Global's battle against delisting serves as a stark reminder of the volatile nature of the stock market and the challenges faced by companies struggling to meet stringent listing requirements. As the cybersecurity and compliance sector continues to evolve rapidly, CISO Global's fate on the Nasdaq will undoubtedly influence investor sentiment and market dynamics. The coming weeks will be crucial as the company unveils its strategy to navigate these turbulent waters and regain the trust of shareholders and stakeholders alike.
NASDAQ:CSCOLong
by DEXWireNews
Cisco Wins Centripetal Patent Case that Led to $2.75 Bln awardA federal judge in Virginia has rejected cybersecurity company Centripetal Networks' patent infringement claims against Cisco Systems (CSCO.O) in a multi-billion-dollar fight over network-security technology. A different judge in the same court, U.S. District Judge Henry Morgan, had awarded Centripetal $2.75 billion in the case in 2020, marking the largest patent damages award in U.S. history. A federal appeals court later overturned that award on ethics grounds because Morgan's wife owned Cisco stock. Morgan had died in the interim, and the appeals court directed that the case be heard by a new judge. U.S. District Judge Elizabeth Hanes held new hearings in the case and ruled on Monday that Cisco did not infringe the patents. Reston, Virginia-based Centripetal sued Cisco in 2018, claiming Cisco's routers, network-security software and other products infringed patents related to Centripetal's technology for blocking security threats from entering a computer network. Morgan ruled for Centripetal in 2020 after a non-jury trial. He awarded Centripetal $1.9 billion in damages, plus royalties that Cisco said increased the total to more than $2.7 billion. Morgan told the companies before issuing his ruling that he had learned his wife owned 100 shares of Cisco stock worth $4,688. He said that he was unaware of the stock during the trial and that it had not influenced his handling of the case.
NASDAQ:CSCOLong
by DEXWireNews