Cisco (CSCO) Stock Looks to Test 52-Week High Following its Quarterly Report

What's Happening With CSCO View more about CSCO >

Networking leader Cisco Systems (CSCO) will release its fiscal third-quarter numbers after the market close May 15. The consensus calls for earnings of $0.77 on sales of $12.9 billion. During the same period last year the company earned $0.66 with revenue of $12.5 billion. CSCO stock is up 20.2% on the year.

Technical Analysis

CSCO stock was recently trading at $52.09 down $5.44 from its 12-month high and $11.84 above its 12-month low. InvestorsObserver’s Stock Score Report gives CSCO a 71 long-term technical score and a 62 short-term technical score. The stock has recent support above $51 and recent resistance below $57. Of the 19 analysts who cover the stock 13 rate it Strong Buy, 2 rate it Buy, 4 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, CSCO gets a score of 62 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

After hitting a 52-week high in April, CSCO shares have retreated from their high, but remain in the upper end of the 52-week range. The biggest threat to Cisco, along with the overall tech sector at this time is the ongoing trade war between the U.S. and China and the implications it may have on tech spending. CSCO stock trades at just 15 times future earnings which are expected to rise at 9.9% per annum over the next five years. Cisco has posted positive earnings surprises the last six quarters but last quarter sales were slightly weaker than expected. The stock has fallen over the last week as the U.S. and China drifted further apart in trade negotiations and President Trump announced new tariffs to be imposed. The street expects a positive earnings surprise with a whisper number of $0.79 for the quarter. The trade situation will continue to drive the overall market but a strong set of numbers would boost confidence and help the stock find support and begin to erase some of its recent losses. Analysts have an average price target of $55.50 on the stock.

CSCO
About Cisco Systems Inc.

Cisco Systems, Inc. is the world's largest hardware and software supplier within the networking solutions sector. The infrastructure platforms group includes hardware and software products for switching, routing, data center, and wireless applications. Its applications portfolio contains collaboration, analytics, and Internet of Things products. The security segment contains Cisco's firewall and software-defined security products. Services are Cisco's technical support and advanced services offerings. The company's wide array of hardware is complemented with solutions for software-defined networking, analytics, and intent-based networking. In collaboration with Cisco's initiative on growing software and services, its revenue model is focused on increasing subscriptions and recurring sales.

  • Last Price:
    $57.36
  • Previous Close:
    $57.74
  • Change:
    $-0.38 (-0.66%)
  • Open:
    $57.81
  • Volume:
    13,098,372
  • Average Volume (100 Day):
    21,043,330
  • Market Capitalization:
    $245.5 B
  • Day's Range:
    $57.32 - $58.07
  • Dividend Yield:
    2.43%
  • 52-week Range:
    $58 - $40.25
  • P-E:
    20.10
  • EPS:
    $2.87
  • Earnings Date:
    8/21/19
  • Ex Dividend Date:
    7/3/19
  • Sector:
    Technology
  • Industry:
    Communication Equipment
  • Analyst Average Recommendation:
    Moderate Buy

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