Is it Time to Dump Cisco Systems Inc (CSCO) Stock After it Has Risen 0.56% in a Week?

Overall market sentiment has been high on Cisco Systems Inc (CSCO) stock lately. CSCO receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Cisco Systems Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CSCO!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With CSCO Stock Today?

Cisco Systems Inc (CSCO) stock has risen 0.29% while the S&P 500 is lower by -0.29% as of 3:42 PM on Monday, Apr 1. CSCO is higher by $0.15 from the previous closing price of $49.91 on volume of 7,629,630 shares. Over the past year the S&P 500 has risen 27.03% while CSCO is lower by -4.30%. CSCO earned $3.29 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.23. To screen for more stocks like Cisco Systems Inc click here.

More About Cisco Systems Inc

Cisco Systems, Inc. is the world's largest hardware and software supplier within the networking solutions sector. The secure, agile networks business contains switching, routing, and wireless solutions. The hybrid work division has products for collaboration and contact center needs. The end-to-end security group has products spanning a variety of threat prevention necessities. The internet for the future division has routed optical networks, silicon, and optics. Optimized application experiences offer solutions such as full stack observability. Services are Cisco's technical support and advanced services offerings. In collaboration with Cisco's initiative on growing software and services, its revenue model is focused on increasing subscriptions and recurring sales. Click Here to get the full Stock Report for Cisco Systems Inc stock.