Cisco (CSCO) Offering Possible 15.74% Return Over the Next 27 Calendar Days

Cisco's most recent trend suggests a bullish bias. One trading opportunity on Cisco is a Bull Put Spread using a strike $44.00 short put and a strike $39.00 long put offers a potential 15.74% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $44.00 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 $39.00 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 69.4 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

Exxon Mobil, IBM share losses contribute to Dow's 75-point drop
Thu, 21 May 2020 19:47:00 +0000
DOW UPDATE The Dow Jones Industrial Average is trading down Thursday afternoon with shares of Exxon Mobil and IBM seeing the biggest losses for the blue-chip average. Shares of Exxon Mobil (XOM) and IBM (IBM) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 75 points lower (-0.

3 Investing Facts About Required Minimum Distributions You Need to Know – May 21, 2020
Thu, 21 May 2020 14:51:02 +0000
Like many investors, you're likely aiming to build a comfortable nest egg to ensure a comfortable retirement. Make sure you know all about what financial planners dub the accumulation and distribution phases of retirement planning.

Better Buy: Arista Networks vs. Cisco
Wed, 20 May 2020 10:54:00 +0000
While that should theoretically benefit switch-makers Cisco and Arista Networks, companies large and small are pulling back or hitting pause on their IT investments whenever possible. Throw in some supply disruption, and both Cisco and Arista saw declining sales and profits in the first quarter. In the enterprise switching world, Cisco has long been the dominant player, emerging in the 1990s.

Cisco’s Results Disappoint, Revealing a Challenging April
Wed, 20 May 2020 06:58:22 +0000
High-tech stalwart Cisco Systems (CSCO) was one of the first major companies to report results for the fiscal quarter that ended in April. The results posted Wednesday afternoon are more reflective of the impact of Covid-19 than those in other recent earnings calls which only reflected results through March. And the results were grim: Cisco’s revenue for its fiscal third quarter fell 8% year-over-year to about $12 billion, its worst decline in six years. And yet, its per-share adjusted earnings of 79 cents on revenue of $11.98B easily beat analysts’ bleak target of 71 cents. The service and security segments managed modest revenue growth in the quarter. And of course, usage of WebEx videoconferencing, one of Zoom’s (ZM) primary competitors, grew strongly. Cisco’s shares rose 2% following the results.Cisco entered the pandemic from a position of relative weakness. The company has been citing a “broad based slowdown” affecting results for the last couple of quarters, and the pandemic has worsened conditions considerably for corporate tech. Market research firm Gartner revised its global IT spending forecast for the full year, projecting negative 8% growth, against a pre-Coronavirus forecast that called for a 3.4% rise.Cisco said it’s expecting 72 cents to 74 cents in adjusted earnings per share and a 8.5% to 11.5% decline in revenue for the fiscal fourth quarter. In contrast to Cisco, most companies have declined to issue new guidance, with the exception of businesses that have benefited from the pandemic or subscription-based software companies that already have booked their annual revenue. Analysts are moderately bullish on Cisco, with 12 Buys and 10 Hold recommendations within the last 3 months. The average analyst price target for Cisco is $47, representing upside of 4.5%. (See Cisco stock analysis on TipRanks).  Related News: Microsoft Buys Softomotive to Boost Its Robotic Automation Offerings Roku Under Unvestigation By ITC for Universal Electronics Patent Infringement  IQIYI Sinks 4% As Online Ad-Revenue Falls Sharply More recent articles from Smarter Analyst: * Netflix Will Now Automatically Cancel Inactive Accounts * Nvidia Sinks Despite Stellar Earnings; Top Analyst Says Buy On Any Weakness * Increased Focus on Health Will Benefit Herbalife, Says Analyst * Starbucks Regains Almost Two-Thirds Of U.S. Same-Store Sales As Stores Reopen

Is Cisco Systems Stock a Buy?
Tue, 19 May 2020 16:20:00 +0000
The famed computer networking company is experiencing a slowdown. But is it time to avoid this Silicon Valley legend?

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