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.
Cscolong
Top Performing Low Volatile Stocks so Time to ActUnveiling the Top Performing Low Volatile Stocks - Time to Take Action! I just scanned 6800 top performers!
I am thrilled to share with you the results of our latest scanning endeavor, where we have discovered 18 top performing very low volatile stocks that are poised to bring you remarkable returns. So, without further ado, let's dive into the details and explore some exciting investment opportunities!
Our meticulous scanning of the market has revealed a selection of stocks that have consistently demonstrated low volatility while delivering impressive performance. These stocks not only provide stability in uncertain times but also offer tremendous growth potential. It's like finding a hidden treasure chest, just waiting to be unlocked!
Now, let's get down to business. I encourage you to consider the following stocks for your investment portfolio:
NHC (National HealthCare Corporation): With a strong track record in the healthcare sector, NHC has shown remarkable resilience and steady growth. Investing in this gem could be a healthy addition to your portfolio.
CSCO (Cisco Systems Inc.): As a leading technology company, CSCO has consistently proven its ability to adapt and innovate. Don't miss out on the opportunity to ride the wave of their success.
IBKR (Interactive Brokers Group, Inc.): With its cutting-edge trading platform and extensive global reach, IBKR offers a world of possibilities for traders seeking reliable investments.
PSH (Pershing Square Holdings, Ltd.): Managed by renowned investor Bill Ackman, PSH has been a consistent performer and could be a valuable addition to your investment strategy.
These stocks have demonstrated resilience, stability, and the potential for significant returns. While past performance is not indicative of future results, it's always wise to consider these gems when making investment decisions.
Now, I urge you to take action and seize this opportunity to enhance your portfolio. Conduct your own research, review the financials, and evaluate the potential risks and rewards. Remember, investing is about finding the right balance between risk and reward, and these stocks might just be the perfect fit for your goals.
Don't let this chance slip away! Take the necessary steps to explore these stocks further, and who knows, they might become the shining stars of your investment journey.
If you have any questions or need further assistance, please do not hesitate to reach out by sending posting a comment. We are here to support you and help you make informed investment decisions.
Cisco Cup and HandleI noticed a Cup and Handle pattern forming on Cisco Systems - ticker CSCO, on the daily level. What will be my entry points and what are the things to consider:
1. My entry would most likely occur today, 19th of July, since I think that the stock will break from smaller moving averages once the market opens. Those moving averages are 10 and 20, my entry price is sitting at around $52-52.5 price level.
2. Stop loss for this position, in case something goes wrong, will be put at around $49.95 price level, which is just below it's previous low and way below the 10 and 20 moving average line, and around 50MA.
3. My profit point is sitting around $59 price level, but that doesn't mean that I will be exiting my position there. It means that if the price action is strongly acting bearish that I will close my position. If price action is in a strong uptrend, I will surely keep the position open.
4. I am planning on adding to a position at $58 price level, of course, if the price action is going as it should - pointing to a strong bullish move.
I will make sure to update this buy opportunity, but please make sure to do your due diligence when investing.
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.
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.
CSCO Cisco Systems Options Ahead of EarningsLooking at the CSCO Cisco Systems options chain, i would buy the $42.5 strike price in the money Calls with
2022-11-18 expiration date for about
$3.00 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
CSCO weekly bullish hammer at monthly support end of wave 5 downOrder BUY CSCO NASDAQ.NMS Stop 41.28 LMT 41.28 will be automatically canceled at 20230401 01:00:00 EST
CSCO weekly bullish hammer at monthly support end of wave 5 downtrend expect ABC correction upward. Area of confluence. Quick 1.2R countertrend.
Cisco at support?Cisco System s
Short Term
We look to Buy at 41.75 (stop at 40.34)
This stock has recently been in the news headlines. Further upside is expected although we prefer to buy into dips close to the 42.00 level. Trading close to the psychological 40.00 level. Posted a Bullish Hammer Bottom on the Daily chart.
Our profit targets will be 45.31 and 52.00
Resistance: 44.00 / 45.00 / 50.00
Support: 42.00 / 36.50 / 30.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Cisco: Another Bargain Hunt?!!Cisco Systems
Short Term - We look to Buy at 40.15 (stop at 37.59)
This stock has recently been in the news headlines. They reported earnings and missed quarterly revenue estimates. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Trading close to the psychological 40.00 level. Further upside is expected although we prefer to set longs at our bespoke support levels at 40.00, resulting in improved risk/reward.
Our profit targets will be 49.99 and 52.00
Resistance: 44.00 / 46.00 / 48.00
Support: 40.00 / 38.00 / 36.00
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.
Cisco Systems: Buying at Resistance Turned SupportCSCO - Short Term - We look to Buy at 59.26 (stop at 57.57)
Preferred trade is to buy on dips. We have a 38.2% Fibonacci pullback level of 58.97 from 51.08 to 63.84. Previous resistance, now becomes support at 59.00. 20 1day EMA is at 59.80. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 63.83 and 64.50
Resistance: 65.00 / 70.00 / 75.00
Support: 60.00 / 55.00 / 50.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
12/26/21 CSCOCisco Systems, Inc. ( NASDAQ:CSCO )
Sector: Technology Services (Information Technology Services)
Market Capitalization: 262.673B
Current Price: $62.28
Breakout price: $62.90
Buy Zone (Top/Bottom Range): $61.60-$59.60
Price Target: $65.90-$66.20
Estimated Duration to Target: 39-42d
Contract of Interest: $CSCO 2/18/22 62.5c
Trade price as of publish date: $2.23/contract
CSCO - STOCKS - 17. NOV. 2021Welcome to our Weekly V2-Trade Setup ( CSCO ) !
-
4 HOUR
Push below a sr level.
DAILY
Expecting another wave to the upside shortly..
WEEKLY
Looking for a few strong weeks in a row.
-
STOCK SETUP
BUY CSCO
ENTRY LEVEL @ 56.81
SL @ 55.09
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN