CSCO - Cisco Systems, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
46.61
-1.57 (-3.26%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close 48.18
Open 47.90
Bid 46.54 x 3000
Ask 46.60 x 3000
Day's Range 46.43 - 48.51
52 Week Range 40.25 - 58.26
Volume 25,881,999
Avg. Volume 21,804,206
Market Cap 199.525B
Beta (3Y Monthly) 1.00
PE Ratio (TTM) 17.86
EPS (TTM) 2.61
Earnings Date Nov 13, 2019
Forward Dividend & Yield 1.40 (2.91%)
Ex-Dividend Date 2019-07-03
1y Target Est 55.39
Trade prices are not sourced from all markets
  • Cisco CEO Chuck Robbins on new affordable housing development: 'So much more to do'
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    Cisco CEO Chuck Robbins on new affordable housing development: 'So much more to do'

    Cisco Systems Inc. CEO Chuck Robbins said Friday that his company’s $50 million donation last year to the nonprofit Destination: Home could “only be the beginning” for the private sector’s role in housing Silicon Valley’s growing homeless population.

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    A vast majority of employees queried at Cisco Systems and several other big Silicon Valley tech employers say they've noticed cost-cutting at work.

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  • Cisco & NTT Ltd. Named to Fortune's Change the World List
    PR Newswire

    Cisco & NTT Ltd. Named to Fortune's Change the World List

    This year's joint recognition of NTT Ltd. and Cisco highlights the unique impact businesses can have in communities around the world through their partners. As partner-led businesses, NTT Ltd. and Cisco have unique cultures that focus on combining their scale in ways to maximize impact beyond what they could do alone. This is also the second consecutive year that Cisco has been recognized on the Change the World list, highlighting the company's ongoing social impact initiatives - the most significant being the more than $3 billion invested in its Networking Academy program.

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  • Instant Income With a New Covered Call on Cisco Systems
    InvestorPlace

    Instant Income With a New Covered Call on Cisco Systems

    The S&P 500 enjoyed a nice rally during the first half of this week thanks to the bullish performance of technology stocks. Though it pulled back yesterday, the index managed to close above 2,900, which we think is a good sign.Because tech companies generate so much revenue in China, these stocks have been especially sensitive to trade negotiations between the United States and China. So, when the Trump administration started hinting at improvements in trade negotiations this weekend, traders started buying stocks in the tech sector again.This move back into tech stocks has been good for our long stock position in Cisco Systems (NASDAQ:CSCO), but we don't expect it to reverse its bearish downturn yet. It will take a more than a noncombative tweet from the president to convince Wall Street to buy CSCO with both fists again.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn fact, the news on trade is still somewhat mixed. The White House is apparently considering reversing some of the tariffs on Chinese goods, but the president has also said he's "not ready" to make a trade deal yet.But that's just fine by us. The price action on CSCO gives us a great opportunity to generate some instant income by selling a covered call, and there's a high likelihood we can do the same thing again next month. Dropping After EarningsCSCO dropped through support just above $51 after the company reported worse-than-expected earnings on Aug. 14. Analysts had expected the company to report earnings of $0.73 per share, but CSCO only reported earnings of $0.51 per share, missing estimates by $0.22.This drop completed the formation of a "symmetrical triangle" bearish continuation pattern and confirmed Wall Street was ready to take some profits off the table after a multi-year bullish run for the stock.Daily Chart of Cisco Systems (CSCO) -- Chart Source: TradingViewAfter dropping, CSCO seems to have found solid support just above $46. The stock bounced up off this support level previously in early February. The support bounce we have seen so far is great, but we don't think it is going to be strong enough to completely fill the bearish gap that formed after the earnings miss. A Deceptive ChartNow, if we were just going to be holding onto the stock and doing nothing else, this chart might look a little depressing. However, since we're only holding the stock so we can sell covered calls against it and generate income, this chart looks amazing.Why? It gives us the perfect price level to set our strike price for our covered call.As we work with CSCO in our portfolio, we want to be able to generate instant income using the stock, but we don't want the stock to be called away from us yet. The only way the stock will get called away from us is if the stock price rises above our strike price and the call option buyer decides to exercise the option.So, if we can find a strike price the stock is unlikely to rise above -- but low enough to offer an attractive premium -- we have a high likelihood of being able to hold onto our shares of CSCO once the option expires worthless. That will then leave us in a position to generate even more instant income by selling another covered call against CSCO.Looking at the chart of CSCO, we don't think the stock is going to rise back above the former support level at $51 anytime soon. Instead, we think this price level is going to hold as a solid resistance level in the short term. That means it's a great price level to use for our strike price.To find out which CSCO covered calls we're selling--and to get access to our full portfolio of income-generating trades--sign up for a risk-free trial of Strategic Trader today.InvestorPlace advisers John Jagerson and S. Wade Hansen, both Chartered Market Technician (CMT) designees, are co-founders of LearningMarkets.com, as well as the co-editors of Strategic Trader.The post Instant Income With a New Covered Call on Cisco Systems appeared first on InvestorPlace.

  • Yes, Cisco Systems Stock Is a Buy
    InvestorPlace

    Yes, Cisco Systems Stock Is a Buy

    Following Cisco Systems' (NASDAQ:CSCO) mixed earnings and decisive crowd disappointment, the time and place to take action and buy CSCO stock is looking more opportunistic than not both off and on the price chart. Let me explain.Source: Shutterstock Last Thursday affirmed an important pivot for Cisco Systems. A fourth-quarter earnings report showed the tech giant has shifted from a decelerating hardware networking business model to one that's capitalizing on growth markets from hybrid-cloud computing, to security and software subscription plans.By the numbers, CSCO stock delivered a two-cent earnings beat on profits of 83 cents per share. Sales of $13.43 billion grew by 6% and narrowly topped forecasts of $13.4 billion. But looking forward, Cisco's transition did find push-back from Wall Street.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCiting challenges in the company's service-provider orders and weakness in China, Cisco offered subdued year-over-year sales guidance of 0%-2% growth. The company also announced modestly lower earnings of 80 cents to 82 cents versus consensus estimates of 83 cents per share of CSCO stock.And for their part, investors did more than just listen to what Cisco's CEO had to say. * 10 Marijuana Stocks to Ride High on the Farm Bill The muted outlook caused an abrupt pivot in CSCO stock. Shares tumbled 8.61% while cratering below the 200-day simple moving average for the first time since the broader market's correction late last year. Still, the immediate disdain for Cisco shares is shaping nicely for other bullish investors when looking at the monthly view of CSCO stock. CSCO Stock Monthly ChartIf you're unbothered by technical alarm bells warning of CSCO stock now being in bear territory, there's actually a good deal to be upbeat about. The post-earnings pressure has shares testing the upper boundary of a key support zone within Cisco's existing uptrend. And in our view, that's worth monitoring for a future purchase in CSCO stock.Specifically, Cisco is challenging prior price resistance from a congestion pattern built during 2018 which successfully launched shares past the 62% retracement area from the Dot.com crash in 2000. In conjunction with trendline supports and key Fibonacci levels tied to cycle lows from 2011 and 2016, the importance of this zone from roughly $39-$48 for CSCO stock bulls can't be denied.What also can't be repudiated is the width of Cisco's support zone is prohibitively wide. The $9 width is nearly 20% from the lower boundary of $39 to the upper edge near $48. But the solution to this problem is simple enough. For investors looking to buy CSCO as it tests this technically important price area, drill down the trade entry to the weekly chart.Bottom line, investors using this strategy may wind up giving up a bit of performance versus the daily chart. Without the ability of hindsight, we simply don't know the answer to that. However, by purchasing a confirmed reversal candlestick on the weekly chart, traders are more likely to avoid last week's daily bearish pivot -- which could turn into a deeper and more opportunistic correction still well-backed by CSCO stock's big picture.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Yes, Cisco Systems Stock Is a Buy appeared first on InvestorPlace.

  • Barrons.com

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    Dow Jones Today: Trump’s Twitter Targets the Fed … Again

    Usually, a headline like that would spell doom for stocks, but that wasn't the case Monday. Major U.S. equity benchmarks rallied even as President Donald Trump had some, shall I say, "words of encouragement" for the Federal Reserve."The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well," said the president on Twitter (NYSE:TWTR). "If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!"President Trump has a long history of moving markets via Twitter, but that wasn't necessarily the case Monday when it comes to the dollar, which he has long complained is too strong. The Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP), which tracks the greenback against a basket of other major currencies, closed modesty higher and just a third of a percent below its 52-week high. UUP is up about 2% this month, indicating Fed rate cuts aren't always the elixir to quell a strong dollar.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On Despite the dollar firming again today, the plenty of export-sensitive sectors and individual names rallied, helping the Nasdaq Composite to a gain of 1.35% while the S&P 500 added 1.21%. The Dow Jones Industrial Average started the week higher by 0.96% with just two of its 30 components finishing lower on the day. Be Careful With These Dow WinnersTwo of the best performers in the Dow today may require some caution. Sure, it was nice to see Cisco Systems (NASDAQ:CSCO) rally after the network gear maker was drubbed last week following disappointing guidance on its earnings call, but Monday's bounce may be one of the dead cat variety.Similar caution may be warranted with chemicals maker Dow (NYSE:DOW), which was the second-best Dow stock today behind Cisco. Again, it's nice to see a cyclical, tariff-sensitive name in the green today, but the stock was downgraded last Friday to "neutral" by Bank of America Merrill Lynch with that bank also paring its price target on Dow shares to $44 from $55.Of the 17 analysts rating shares of Dow, just six have "buy" ratings on the name while 11 have the equivalent of a "hold" on the stock. DJIA Earnings NoteI've been mentioning The Home Depot (NYSE:HD) recently because the company reports earnings tomorrow, and today's gain of 2.11% suggests trades were buying the name in advance of that report. There was some elevated options activity in Home Depot today, too, but history suggest traders should be careful with the home improvement giant post-earnings."Looking into HD's earnings history, the stock has closed lower the day after earnings in all but two of the past eight quarters, though the reaction to Home Depot's most recent report in May was positive," according to Schaeffer's Investment Research. "Over the past two years, the shares have swung an average of 1% the day after earnings, regardless of direction. This time around, the options market is pricing in a larger-than-usual 6% swing for Tuesday's trading." Some Good Dow NewsI've mentioned a few times this year that alternative energy stocks and ETFs are really weighing on the traditional energy sector, so with that in mind, it was nice to see Chevron (NYSE:CVX) jump 1.68% today on some bullish analyst chatter. Barclays started coverage of Chevron today with an "overweight" rating and a $145 price target. That price target implies significant upside from today's close just under $118."Chevron is well positioned to both return significant free cash flow to shareholders and fund its…compound annual growth rate guidance," according to the bank. Dow Jones Bottom LineIn addition to the aforementioned Twitter action by President Trump, today's upside was the product of familiar themes: expectations that more Fed rate cuts are coming and that the U.S. and China might be able to make some headway on the trade front.Speaking of the Fed, Chairman Jerome Powell speaks in Wyoming late this week, so it's safe to say all eyes and ears will be on that speech regarding rate cut clues.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Dow Jones Today: Trump's Twitter Targets the Fed … Again appeared first on InvestorPlace.

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