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CSCO

Cisco

$45.16

-0.32 (-0.70%)

07:24
05/17/18
05/17
07:24
05/17/18
07:24

Technical Take: Cisco falls after earnings news

The company reported last night after the close, with price falling over 4% in the extended session. In the pre-market the stock was last down over 3.9% to $43.37. At that price next support is at $42.27. Resistance is at the $44 area. A drop in price that remains below the $42.50 area would break the longer-term uptrend support line, which would be technically bearish for future price.

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    Jul

CSCO Cisco
$45.16

-0.32 (-0.70%)

05/03/18
JPMS
05/03/18
INITIATION
Target $57
JPMS
Overweight
Cisco initiated with an Overweight at JPMorgan
JPMorgan analyst Samik Chatterjee started Cisco Systems with an Overweight rating and $57 price target. The analyst initiated coverage on the Networking Equipment industry with a favorable growth outlook, partly offset by pricing headwinds from lower cost per bit of data. Chatterjee believes Cisco is best positioned to navigate the industry transformation.
05/14/18
COWN
05/14/18
NO CHANGE
Target $51
COWN
Outperform
Cisco comp position improving meaningfully, says Cowen
Cowen analyst Paul Silverstein said his Cisco channel checks suggest the company is meaningfully improving its comp position in terms of both its customer approach and its solutions, which along with its improving macro and ramping campus switching upgrade cycle should help revenue. Silverstein reiterated his Outperform rating and $51 price target on Cisco shares.
05/17/18
PIPR
05/17/18
NO CHANGE
Target $50
PIPR
Overweight
Cisco earnings selloff a buying opportunity, says Piper Jaffray
Piper Jaffray analyst James Fish recommends using today's post-earnings selloff in shares of Cisco Systems as a buying opportunity. The company's "solid" Q3 exceeded most metrics, with the only "disappointments" being the lower percentage of recurring revenue, implied recurring software product revenue, services revenue, and reported free cash flow, Fish tells investors in a research note titled "When You Dip, We Dip, So Buy the Dip; Cisco Remains Top Pick." The analyst notes that Cisco's core business continues to grow and that comps get easier in fiscal Q4 and Q1. He believes the company's free cash flow remains underestimated and reiterates an Overweight rating on the shares. The analyst bumped up his price target to $50 from $49.
05/17/18
JPMS
05/17/18
NO CHANGE
Target $58
JPMS
Overweight
Cisco should be bought on post-earnings selloff, says JPMorgan
JPMorgan analyst Samik Chatterjee recommends buying shares of Cisco Systems on the selloff post last night's Q3 results. The company "demonstrated strong execution" as it reported revenue growth, operating margin, and earnings, all marginally above consensus expectations and toward the high-end of issued guidance, Chatterjee tells investors in a research note. The analyst raised his price target for the shares to $58 from $57 and keeps an Overweight rating on Cisco.

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BABA

Alibaba

$162.44

5.8 (3.70%)

14:18
09/19/18
09/19
14:18
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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NYSE market internals summary »

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SPOT

Spotify

$169.33

-6.1 (-3.48%)

14:16
09/19/18
09/19
14:16
09/19/18
14:16
Periodicals
Spotify accused of ' fostering a negative work culture for women,' Verge says »

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BABA

Alibaba

$162.49

5.85 (3.73%)

14:13
09/19/18
09/19
14:13
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14:13
Periodicals
Alibaba no longer plans to bring 1M jobs to U.S. in wake of trade war, CNBC says »

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  • 28

    Oct

SAFM

Sanderson Farms

$100.90

-2.04 (-1.98%)

14:09
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  • 11

    Oct

  • 06

    Nov

14:08
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Conference/Events
RBC Capital internet analyst to hold a luncheon »

Internet Analyst Mahaney…

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Conference/Events
RBC Capital multi-industry analyst to hold group luncheon »

Multi-Industry Analyst…

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RBC Capital biotech analysts to hold a group breakfast »

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CZR

Caesars

$10.90

0.1 (0.93%)

14:00
09/19/18
09/19
14:00
09/19/18
14:00
Options
Caesars option volume is 2X daily average and calls lead puts 10:1 »

Caesars option volume is…

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ELAN

Elanco

$0.00

(0.00%)

, LLY

Eli Lilly

$105.83

-1.06 (-0.99%)

13:51
09/19/18
09/19
13:51
09/19/18
13:51
Initiation
Elanco, Eli Lilly initiated  »

Elanco initiated with a…

ELAN

Elanco

$0.00

(0.00%)

LLY

Eli Lilly

$105.83

-1.06 (-0.99%)

03/08/13
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    Sep

LFUS

Littelfuse

$204.06

-9.68 (-4.53%)

13:41
09/19/18
09/19
13:41
09/19/18
13:41
Recommendations
Littelfuse analyst commentary  »

Use weakness to buy…

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  • 29

    Sep

MRK

Merck

$70.16

-0.26 (-0.37%)

, BMY

Bristol-Myers

$60.93

-0.55 (-0.89%)

13:36
09/19/18
09/19
13:36
09/19/18
13:36
Periodicals
Merck cuts key cancer drug price for China launch, Caixin reports »

Merck (MRK) will cut the…

MRK

Merck

$70.16

-0.26 (-0.37%)

BMY

Bristol-Myers

$60.93

-0.55 (-0.89%)

03/08/13
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    Feb

GLUU

Glu Mobile

$7.30

-0.285 (-3.76%)

13:35
09/19/18
09/19
13:35
09/19/18
13:35
Options
Glu Mobile put volume heavy and directionally bearish »

Bearish flow noted in Glu…

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REV

Revlon

$23.75

0.5 (2.15%)

, TLRY

Tilray

$227.50

72.51 (46.78%)

13:34
09/19/18
09/19
13:34
09/19/18
13:34
Periodicals
Revlon could be set for short squeeze similar to Tilray's, Mox Reports says »

Mox Reports, which has…

REV

Revlon

$23.75

0.5 (2.15%)

TLRY

Tilray

$227.50

72.51 (46.78%)

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TTWO

Take-Two

$129.93

-2.76 (-2.08%)

, SNE

Sony

$59.02

-0.8 (-1.34%)

13:32
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TTWO

Take-Two

$129.93

-2.76 (-2.08%)

SNE

Sony

$59.02

-0.8 (-1.34%)

MSFT

Microsoft

$111.22

-2.02 (-1.78%)

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  • 03

    Mar

13:30
09/19/18
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General news
Hurricane Florence »

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U.S. equities remain mixed with the Dow up »

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AMZN

Amazon.com

$1,913.86

-27.34 (-1.41%)

13:29
09/19/18
09/19
13:29
09/19/18
13:29
Technical Analysis
Technical Take: Amazon.com attempting to bounce off third support test »

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HEAR

Turtle Beach

$19.61

1.86 (10.48%)

13:25
09/19/18
09/19
13:25
09/19/18
13:25
Options
Turtle Beach call volume above normal and directionally bullish »

Bullish option flow…

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WCN

Waste Connections

$79.49

-0.695 (-0.87%)

13:25
09/19/18
09/19
13:25
09/19/18
13:25
Conference/Events
Waste Connections participates in a conference call with UBS »

Analyst Windham holds a…

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  • 19

    Sep

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
09/19/18
09/19
13:17
09/19/18
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
09/19/18
09/19
13:16
09/19/18
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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DRI

Darden

$117.54

-1.39 (-1.17%)

13:10
09/19/18
09/19
13:10
09/19/18
13:10
Options
Darden Restaurants with a bullish option play ahead of earnings »

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SSNLF

Samsung

$0.00

(0.00%)

13:09
09/19/18
09/19
13:09
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13:09
Periodicals
Samsung may be working on 5G variant of Galaxy 10, XDA-Developers says »

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