Cisco Systems (CSCO) has risen sharply, recording gains of 1.05% in the past 4 weeks. However, the stock has corrected -0.03% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.14% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.32% and the 50-Day Moving Average is 0.25%.The 200 Day SMA reached 11.64% Cisco Systems, Inc. is up 7.5% in the last 3-month period. Year-to-Date the stock performance stands at 16.53%.
Cisco Systems (CSCO) : The highest level Cisco Systems (CSCO) is projected to reach is $40 for the short term and the lowest estimate is at $22. The consolidated price target from 20 rating analysts who initiate coverage on the stock is $32.4 and the possibility the share price can swing is $4.3.
For the current week, the company shares have a recommendation consensus of Buy. Cisco Systems (NASDAQ:CSCO): stock was range-bound between the intraday low of $30.7 and the intraday high of $31.14 after having opened at $31.12 on Fridays session. The stock finally closed in the red at $31.12, a loss of -1.50%. The stock remained in the red for the whole trading day. The total traded volume was 37,416,316 shares. The stock failed to cross $31.14 in Fridays trading. The stocks closing price on Thursday was $31.31.
Cisco System, Inc. (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use. The Company operates its business through three segments: The Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). It groups its products and technologies into the various categories, such as Switching, Next-Generation Network (NGN) Routing, Collaboration, Service Provider Video, Data Center, Wireless, Security, and Other Products. In addition to its product offerings, it provides a range of service offerings, including technical support services and advanced services.