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Cisco (CSCO, $52.82) gets rating boosts from analysts, on expected return-to-offices environment
Cisco got rating upgrades from several analysts in recent times, as many companies are expected to ask employees to get back to offices after last year’s pandemic-related remote working directives.
Shares of the technology behemoth were boosted to outperform from peer perform at Wolfe Research, with the latter citing strong IT spending that's expected to be a tailwind to Cisco estimates through 2022. Wolfe raised its price target to $63 a share from $48.
Goldman Sachs also recently noted that employees' return to offices (following last year’s COVID-19 pandemic-induced remote working environment) would lead to better IT spending – something that should benefit Cisco amid a replacement cycle for older technology.
In early March, JPMorgan also boosted the outlook on the stock, citing a recovery in enterprise spending.
CSCO's RSI Indicator recovers from oversold territory
The RSI Indicator for CSCO moved out of oversold territory on April 28, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 28 similar instances when the indicator left oversold territory. In 20 of the 28 cases the stock moved higher. This puts the odds of a move higher at 71%.
Current price $49.56 is below $53.47 the lowest support line found by A.I. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -4% Downtrend, while the week of 05/06/22 - 05/13/22 shows a +0.47% Uptrend.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Momentum Indicator moved above the 0 level on May 13, 2022. You may want to consider a long position or call options on CSCO as a result. In 47 of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 57%.
The Moving Average Convergence Divergence (MACD) for CSCO just turned positive on May 13, 2022. Looking at past instances where CSCO's MACD turned positive, the stock continued to rise in 30 of 53 cases over the following month. The odds of a continued upward trend are 57%.
Following a +3.45% 3-day Advance, the price is estimated to grow further. Considering data from situations where CSCO advanced for three days, in 186 of 344 cases, the price rose further within the following month. The odds of a continued upward trend are 54%.
CSCO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The 10-day Moving Average for CSCO crossed bearishly below the 50-day moving average on April 11, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 53%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CSCO declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 46%.
The Aroon Indicator for CSCO entered a downward trend on May 13, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 65%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.3.
The Tickeron Valuation Rating of 11 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.214) is normal, around the industry mean (9.261). P/E Ratio (17.762) is within average values for comparable stocks, (48.489). Projected Growth (PEG Ratio) (2.294) is also within normal values, averaging (8.943). Dividend Yield (0.030) settles around the average of (0.036) among similar stocks. P/S Ratio (4.065) is also within normal values, averaging (59.817).
The Tickeron Profit vs. Risk Rating rating for this company is 28 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 41 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 57 (best 1 - 100 worst), indicating steady price growth. CSCO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 64 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Telecommunications Equipment industry produces voice and data communications equipment, which includes fiber optic delivery products, digital signal processors, high-speed voice, data and video delivery. Additionally, satellite systems, global positioning systems, wireless data systems, personal communications equipment, telephone handsets and payload equipment for satellites also fall into this category. Apple Inc., QUALCOMM Incorporated and Nokia are major global players in this segment.
The average market capitalization across the Telecommunications Equipment Industry is 4B. The market cap for tickers in the group ranges from 22.4K to 205.9B. CSCO holds the highest valuation in this group at 205.9B. The lowest valued company is DIRV at 22.4K.
The average weekly price growth across all stocks in the Telecommunications Equipment Industry was 1.59%. For the same Industry, the average monthly price growth was -6.07%, and the average quarterly price growth was -18.94%. CRMK experienced the highest price growth at 390%, while VMNT experienced the biggest fall at -38.78%.
- 5/12/22 5:38 AM: Cisco Systems (CSCO, $48.65) was a top loser this week, declining -5.68%. Expect a Downtrend reversal
- 4/28/22 6:02 AM: Cisco Systems (CSCO, $49.31) was a top loser this week, declining -7%
- 2/19/22 6:26 AM: Cisco Systems (CSCO, $57.21) was a top weekly gainer, with a +6.14% jump
The average weekly volume growth across all stocks in the Telecommunications Equipment Industry was -24.31%. For the same stocks of the Industry, the average monthly volume growth was 15.83% and the average quarterly volume growth was -16.15%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the 15 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 43%. During the last month, the daily ratio of advancing to declining volumes was 1.01 to 1.
7 stocks in the group of tickers confirmed the negative outlook based on the TrendWeek indicator with average odds of 63%.
The most notable companies in this group are Cisco Systems (NASDAQ:CSCO), Accenture PLC (NYSE:ACN), International Business Machines Corp (NYSE:IBM), Juniper Networks (NYSE:JNPR).
The average market capitalization across the group is 53.5B. The market cap for tickers in the group ranges from 13.2M to 205.9B. CSCO holds the highest valuation in this group at 205.9B. The lowest valued company is BLIN at 13.2M.
The average weekly price growth across all stocks in the group was -3.12%. For the same group, the average monthly price growth was -13.01%, and the average quarterly price growth was -27.73%. NICE experienced the highest price growth at 4.41%, while NTWK experienced the biggest fall at -14.4%.
- 5/12/22 5:38 AM: Cisco Systems (CSCO, $48.65) was a top loser this week, declining -5.68%. Expect a Downtrend reversal
- 5/11/22 7:46 AM: Inuvo (INUV, $0.35) is a top weekly loser for penny stocks, falling -19.06%
- 4/28/22 6:02 AM: Cisco Systems (CSCO, $49.31) was a top loser this week, declining -7%
The average weekly volume growth across all stocks in the group was 16.51%. For the same stocks of the group, the average monthly volume growth was 22.65% and the average quarterly volume growth was -2.79%
- 3/29/22 5:12 AM: The volume for Bridgeline Digital stock increased for one day, resulting in a record-breaking daily growth of 396% of the 65-Day Volume Moving Average
- 2/17/22 6:17 AM: The volume for Inuvo stock increased for one day, resulting in a record-breaking daily growth of 459% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are Cisco Systems (NASDAQ:CSCO), Verizon Communications (NYSE:VZ), Accenture PLC (NYSE:ACN), AT&T (NYSE:T), International Business Machines Corp (NYSE:IBM), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Block (NYSE:SQ), Palo Alto Networks (NYSE:PANW), Atlassian Corp (NASDAQ:TEAM).
The average market capitalization across the networking Theme is 15.5B. The market cap for tickers in the group ranges from 61.6K to 205.9B. CSCO holds the highest valuation in this group at 205.9B. The lowest valued company is RTNB at 61.6K.
The average weekly price growth across all stocks in the networking Theme was -2.65%. For the same Theme, the average monthly price growth was -13.87%, and the average quarterly price growth was -25.51%. SREV experienced the highest price growth at 41.18%, while HIVE experienced the biggest fall at -33.71%.
- 5/12/22 5:38 AM: Cisco Systems (CSCO, $48.65) was a top loser this week, declining -5.68%. Expect a Downtrend reversal
- 5/11/22 7:46 AM: Inuvo (INUV, $0.35) is a top weekly loser for penny stocks, falling -19.06%
- 4/28/22 6:02 AM: Cisco Systems (CSCO, $49.31) was a top loser this week, declining -7%
The average weekly volume growth across all stocks in the networking Theme was -7.75%. For the same stocks of the Theme, the average monthly volume growth was 13.34% and the average quarterly volume growth was 58.2%
- 3/29/22 5:12 AM: The volume for Bridgeline Digital stock increased for one day, resulting in a record-breaking daily growth of 396% of the 65-Day Volume Moving Average
- 2/17/22 6:17 AM: The volume for Inuvo stock increased for one day, resulting in a record-breaking daily growth of 459% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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