Cisco Systems (CSCO) : Wednesdays money flow data in Cisco Systems (CSCO) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $60.93 million, whereas, $46.9 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.3, in favor of the bulls. The total money flow into the stock was $14.02 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $17.03 million. The total value of block trades done on upticks was $20.79 million. The value of bearish trades on downticks was only $3.76 million.The up/down ratio in the block trades was a healthy 5.53 in favor of the bulls, suggesting strong buying in the stock by large traders. Cisco Systems (CSCO) fell $0.04 and traded at $31.44, down -0.13% for the day, over previous days close. On a weekly basis, the shares are 0.32% over the previous weeks close.
Shares of Cisco Systems, Inc. appreciated by 0.45% during the last five trading days but lost 0.25% on a 4-week basis. Cisco Systems, Inc. is up 12.48% in the last 3-month period. Year-to-Date the stock performance stands at 19.03%.
Cisco Systems (CSCO) : 23 analysts are covering Cisco Systems (CSCO) and their average rating on the stock is 1.7, which is read as a Buy. 15 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Cisco Systems (CSCO) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Cisco Systems (NASDAQ:CSCO): The stock opened at $31.44 and touched an intraday high of $31.59 on Wednesday. During the day, the stock corrected to an intraday low of $31.3624, however, the bulls stepped in and pushed the price higher to close in the green at $31.5 with a gain of 0.06% for the day. The total traded volume for the day was 15,840,958. The stock had closed at $31.48 in the previous trading session.
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.