Cisco Systems (CSCO) Shares are Up 2.72%

Cisco Systems (CSCO) : Traders are bullish on Cisco Systems (CSCO) as it has outperformed the S&P 500 by a wide margin of 2.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.4%, 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 2.72% in the last 1 week, and is up 2.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.61% and the fifty day Moving Average is 4.92%. Cisco Systems, Inc. is up 9.39% in the last three month period. Year-to-Date the stock performance stands at 18.46%.

Cisco Systems (CSCO) : Currently there are 20 street experts covering Cisco Systems (CSCO) stock. The most bullish and bearish price target for the stock is $40 and $22 respectively for the short term. The average price target of all the analysts comes to $32.05. The estimated standard deviation from the target is $4.11.


Cisco Systems (NASDAQ:CSCO): stock turned positive on Friday. Though the stock opened at $31.34, the bulls momentum made the stock top out at $31.66 level for the day. The stock recorded a low of $31.19 and closed the trading day at $31.35, in the green by 0.19%. The total traded volume for the day was 21,106,152. The stock had closed at $31.29 in the previous days trading.

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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