Cisco Systems (CSCO) Shares are Up 1.67%

Cisco Systems (CSCO) : Traders are bullish on Cisco Systems (CSCO) as it has outperformed the S&P 500 by a wide margin of 3.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.24%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.67% in the last 1 week, and is up 6.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Cisco Systems (NASDAQ:CSCO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.90 and $30.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.04, notching a gain of 0.78% for the day. The total traded volume was 18,873,294 . The stock had closed at $30.80 on the previous day.

The stock has recorded a 20-day Moving Average of 2.49% and the 50-Day Moving Average is 6.21%. Cisco Systems, Inc. is up 18.07% in the last 3-month period. Year-to-Date the stock performance stands at 17.29%.

Cisco Systems (CSCO) : The highest short term price target forecast on Cisco Systems (CSCO) is $39 and the lowest target price is $22. A total of 23 equity analysts are currently covering the company. The average price of all the analysts is $30.55 with a standard deviation of $3.56.


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.

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