Cisco (CSCO) Offering Possible 15.74% Return Over the Next 20 Calendar Days

Cisco's most recent trend suggests a bullish bias. One trading opportunity on Cisco is a Bull Put Spread using a strike $45.00 short put and a strike $40.00 long put offers a potential 15.74% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock dropped below the $40.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Cisco is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Cisco is bullish.

The RSI indicator is at 70.46 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Cisco

Cisco To Buy ThousandEyes For Reported $1B; Top Analyst Sees Strong Synergy Potential
Fri, 29 May 2020 07:01:31 +0000
Cisco Systems (CSCO) has announced its intent to acquire privately held ThousandEyes, Inc. for a reported sum of close to $1B, in a deal that is expected to close before the end of Cisco’s Q1 FY’21.San Francisco-based ThousandEyes is a SaaS-based NPM vendor focused on diagnosing performance issues with applications and underlying network infrastructure (cloud, enterprise, and Internet) using synthetic and user experience monitoring methods. Notably, the company recently announced that its customer contractual commitments surpassed $100M in FY20, growing almost 80% year-over-year.Cisco will incorporate ThousandEyes’ capabilities across Cisco’s core Enterprise Networking and Cloud, and AppDynamics portfolios.“The combination of Cisco and ThousandEyes will enable deeper and broader visibility to pin-point deficiencies and improve the network and application performance across all networks” cheered Todd Nightingale of Cisco Enterprise Networking and Cloud.Oppenheimer’s Ittai Kidron remarked that he is ‘positive on the acquistion’ and reiterated his CSCO buy rating on May 28, writing “We see a strong synergetic opportunity for Cisco and believe ThousandEyes’ global network could be bundled with and enhance the value proposition of AppDynamics (bundle NPM/APM), SDWAN/branch portfolio (improve route performance/visibility), and ISR router portfolio (extend visibility reach).”The analyst believes ThousandEyes can also add automation capabilities using AI and machine learning longer-term to further reduce customer OpEx.Overall, CSCO scores a cautiously optimistic Moderate Buy analyst consensus, with 11 recent buy ratings offset by 10 hold ratings. Meanwhile the average analyst price target of $47 indicates 4% upside potential lies ahead. Shares are currently trading down 5% year-to-date. (See Cisco stock analysis on TipRanks).Related News: Salesforce Sinks 3.5% After-Hours As Guidance Slashed Microsoft Seeks $2B Stake In India’s Jio Platforms- Report Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings More recent articles from Smarter Analyst: * Elon Musk Reaps Payout Worth $775M, As Analyst Admits Tesla Is ‘Turning A Corner’ * Costco Pulls Back On Earnings; Top Analyst Sees Buying Opportunity * Salesforce Sinks 3.5% After-Hours As Guidance Slashed * 5G’s Significant Memory Content a Key Growth Driver for Micron, Says 5-Star Analyst

Cisco Reportedly Near $1 Bln Deal for ThousandEyes
Thu, 28 May 2020 21:22:00 +0000
Cisco is reportedly targeting privately held company backed by Salesforce, Alphabet and others that analyzes network performance.

Cisco to acquire security company ThousandEyes
Thu, 28 May 2020 20:36:00 +0000
Cisco Systems Inc. announced Thursday afternoon that it intends to acquire ThousandEyes, a security-software company, reportedly for close to $1 billion. San Francisco-based ThousandEyes has raised more than $100 million in venture capital to develop software that monitors how a company's applications are being used on the internet. “The combination of Cisco and ThousandEyes will enable deeper and broader visibility to pinpoint deficiencies and improve the network and application performance across all networks,” said Cisco executive Todd Nightengale. Bloomberg News reported earlier in the day that the deal was in the works and could be completed Thursday, with a price tag approaching $1 billion. Cisco did not disclose the purchase price. Cisco expects the deal to close before the end of its fiscal first quarter, which begins in August.

Cisco Buys Startup ThousandEyes to Add to Software, Services
Thu, 28 May 2020 20:31:47 +0000
(Bloomberg) — Cisco Systems Inc. said it will buy startup ThousandEyes Inc. to help extend its push into software and services.The world’s biggest maker of networking gear is paying about $1 billion, according to people familiar with the matter.San Francisco-based ThousandEyes sells software that checks whether the end-user of an internet service is getting what’s intended, and traces how that service is delivered to find potential problems. Cisco expects the deal to close before the end of its fiscal first quarter, it said in a release.Under Chief Executive Officer Charles Robbins, Cisco has made acquisitions to boost its software and services capabilities. He’s trying to lessen dependence on one-time sales of expensive hardware and shift to recurring revenue and the more dependable profits of long-term contracts.“By bringing together Cisco’s strength in network and application performance with ThousandEyes’ visibility into the internet, customers will now have an end-to-end view into the digital delivery of applications and services over the internet,” Cisco said in the statement.ThousandEyes will complement the business Cisco has developed around AppDynamics, which the networking giant acquired in 2017. Cisco regularly touts the successful integration and growth of AppDynamics, which provides monitoring and analysis of application performance.ThousandEyes is backed by several venture capital firms, including Sequoia Capital, Sutter Hill Ventures and Salesforce Ventures. The startup has raised about $110 million in financing and its last known valuation was $670 million last year, according to PitchBook.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Cisco Nears $1 Billion Takeover of Software Maker ThousandEyes
Thu, 28 May 2020 19:00:40 +0000
(Bloomberg) — Cisco Systems Inc. is in advanced talks to buy software company ThousandEyes Inc. for nearly $1 billion, according to people familiar with the matter.Cisco could announce a deal for the San Francisco-based company as soon as Thursday, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and talks could fall through, the people said.A representative for Cisco declined to comment. A representative for ThousandEyes didn’t immediately respond to a request for comment.Under Chief Executive Officer Charles Robbins, Cisco has made acquisitions to boost its software and services capabilities. He’s trying to lessen its dependence on one-time sales of expensive hardware and shift toward the recurring revenue and higher profitability of long-term contracts.ThousandEyes could complement the business it’s developed around AppDynamics, which Cisco acquired in 2017. The company regularly touts the successful integration and growth of that former startup, which provides monitoring and analysis of software applications’ performance.ThousandEyes provides so-called digital experience monitoring software, which helps companies optimize the performance of their connected devices, according to its website. The company is backed by several venture capital firms, including Sequoia Capital, Sutter Hill Ventures and Salesforce Ventures.It has raised $110 million in financing to date and its last known valuation was $670 million last year, according to PitchBook.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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