Cisco's Stock May Reach Prices Not Seen In 20 Years [Seeking Alpha]
Cisco Systems, Inc. (CSCO)
Last cisco systems, inc. earnings: 2/12 04:05 pm
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US:NASDAQ Investor Relations:
investor.cisco.com/investor-relations/overview/default.aspx
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Source: Seeking Alpha
Cisco's Stock May Reach Prices Not Seen In 20 Years Summary Cisco is seeing bullish options bets. The technical chart suggests the stock rises to $62. Cisco could benefit from the race to build out 5G. Cisco's ( CSCO The recent rise can be attributed to better than expected fiscal second-quarter results, with both revenue and earnings topping analysts' consensus estimates for the fiscal second quarter. Also driving the stock is the company's dominance in 5G wireless equipment and potential for future revenue growth. Bullish Betting The options set to expire on May 17 at the $60 strike price saw their open interest level rise by nearly 7,800 contracts on April 17 to a total of 16,600. Based on data from Trade Alert, the calls were bought for roughly $0.60. That would mean a trader would need the stock to rise to around $61 to earn a profit by the expiration date. A Two-Decade Wait The technical charts are also pointing on the stock rising. The shares broke above a critical resistance l
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CSCO
News
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CSCO
Earnings
- 2/14/24 - Beat
CSCO
Sec Filings
- 4/5/24 - Form 13F-HR
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- CSCO's page on the SEC website