- Cisco Systems, Inc. (CSCO) rises 5.87% today, reaching maximum of February 18 at $ 65.75.
- CSCO obtained income for 14.15 billion dollars, improving the analysts’ forecasts.
The values of Cisco Systems Inc. (CSCO) marked a minimum of the day at $ 62.92, attracting aggressive buyers that promoted the price of the action to maximums not seen since February 18 at $ 65.75. At this time, CSCO operates at $ 64.90, earning 5.87% on Thursday.
Cisco Systems Inc. surprises the market by overcoming estimates in its quarterly report
The leading company in offering technological innovations in networks, Cisco Systems, Inc. (CSCO) presents a profit of 5.87% in the day, visiting maximum three months not seen since February 18 at $ 65.75 after the publication of its financial report.
CSCO obtained income of 14.15 billion dollars compared to 14.05 billion dollars planned by analysts. On the other hand, it got an profit per share of $ 0.96 compared to the $ 0.917 projected by the market.
In this sense, Piper Sandler raised the target price of CSCO to $ 64 from $ 60. Similarly, Citigroup adjusted up the objective of CSCO to $ 71 from $ 68.
Technical levels of Cisco Systems, Inc.
The SMCI titles established a short -term support given by the minimum of April 21 in 53.83 $. The next key support level is observed at 52.11 $, minimum of April 7 at 52.11 $. Upwards, the important resistance is found at $ 66.50, pivot point of February 13.
4 -hour CSCO graphics
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
