What's Happening with CSCO
Cisco Systems Inc (CSCO) is scheduled to report Quarter 4 numbers after market close on August 17. Analysts forecast the company will earn $0.82 per share for the quarter. During the same period last year, the company earned $0.84 per share. The stock is down 26.35% on the year.
Technical Analysis
CSCO was recently trading at $46.61, down $17.68 from its 12-month high and $5.79 above its 12-month low. InvestorsObserver gives CSCO a 34 long-term technical score and a 21 short-term technical score. The stock has recent support above $43 and recent resistance below $48. Of the 20 analysts who cover the stock 8 rate it Strong Buy, 1 rate it Buy, 10 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, CSCO gets an overall score of 34 from InvestorsObserver.
Analysts' Thoughts
CSCO has shown an annual earnings growth of 7.76% over the last five years, and, looking ahead, analysts expect the company's profits to rise 6.47% per annum over the next five years. Last quarter the company posted worse than expected EPS and this quarter the street expects earnings of $0.82 per share. CSCO is currently trading at $46.61 with an average price target of $53.42.