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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.

  • 30

    May

  • 07

    Jun

  • 10

    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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LPI

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GE

General Electric

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AZN

AstraZeneca

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  • 05

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HEDJ

WisdomTree Europe Hedged Equity Fund

$66.46

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ATUS

Altice USA

$18.43

-0.12 (-0.65%)

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CLX

Clorox

$122.59

2.89 (2.41%)

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Clorox call volume above normal and directionally bullish »

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QCOM

Qualcomm

$59.67

0.57 (0.96%)

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NXP Semiconductors

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5.03 (4.51%)

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OA

Orbital ATK

$133.80

0.06 (0.04%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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ADRNY

Ahold Delhaize

$0.00

(0.00%)

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  • 29

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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SKY

Skyline

$30.20

-0.31 (-1.02%)

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Skyline to host special shareholder meeting »

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CBOE

Cboe Global Markets

$102.62

-0.13 (-0.13%)

15:05
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CBOE Holdings call volume above normal and directionally bullish »

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LOXO

Loxo Oncology

$167.50

-0.06 (-0.04%)

14:57
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  • 01

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AMSC

AMSC

$6.45

-0.2 (-3.01%)

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TSLA

Tesla

$277.67

-0.18 (-0.06%)

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BLUE

Bluebird Bio

$187.70

0.65 (0.35%)

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KKR

KKR

$22.46

-0.04 (-0.18%)

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  • 30

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SPY

SPDR S&P 500 ETF Trust

$271.97

-0.9 (-0.33%)

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Aggressive short-term spread opened in SPYders »

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TRIP

TripAdvisor

$49.43

0.35 (0.71%)

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GOOG

Alphabet

$1,077.17

-2.24 (-0.21%)

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Alphabet Class A

$1,084.32

-1.49 (-0.14%)

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GOOG

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MSFT

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NWS

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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