CSCO 10 year high - long this goddamn breakoutI have been watching Cisco for a long time,
Not only is it the biggest networking company in the world (or one of them,) but it has somehow managed to underperform the market even whilst cybersecurity and such are becoming such big trends.
There are several reasons, however one of the main ones is the report that came out saying that the growth of earnings may be disappointing due to a shift to software.
However, even though it may be a shock for investors - this actually shows they are actually adapting to change, which is a win in the long run. Last earnings report, they beat the expectations which triggered a bullish breakout and 10 year high. This has the potential to go to at least $80 - and is still a decent dividend & value stock even at this price.
I would start buying now, and possibly if we see the gap being filled lower down.
