TRENDING KEYWORDS
Cisco (CSCO, $53.63) misses fiscal Q1 expectations
Cisco reported fiscal first quarter earnings that beat analysts’ expectations. However, the IT/networking company’s revenue fell short of estimates.
The company’s earnings for the quarter came in at 82 cents per share, adjusted, vs. 80 cents per share as expected by analysts polled by Refinitiv.
Revenue of $12.90 billion came in below the $12.98 billion expected by analysts, according to Refinitiv.
For the fiscal second quarter, Cisco expects earnings to range between 80 cents and 82 cents, excluding some items, on 4.5% to 6.5% annualized revenue growth. Analysts polled by Refinitiv had predicted 82 cents per share in adjusted earnings on $12.85 billion in revenue, which reflects 7.4% growth.
CSCO's RSI Indicator ascends from oversold territory
The RSI Indicator for CSCO moved out of oversold territory on May 20, 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 18 of the 28 cases the stock moved higher. This puts the odds of a move higher at 64%.
Current price $44.99 is below $53.47 the lowest support line found by A.I. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -12% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +8% Uptrend.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 30 of 47 cases where CSCO's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 64%.
Following a +2.79% 3-day Advance, the price is estimated to grow further. Considering data from situations where CSCO advanced for three days, in 186 of 342 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 Momentum Indicator moved below the 0 level on May 18, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on CSCO as a result. In 40 of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 49%.
The Moving Average Convergence Divergence Histogram (MACD) for CSCO turned negative on May 19, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In 29 of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at 55%.
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 47%.
The Aroon Indicator for CSCO entered a downward trend on May 26, 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 positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 56%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.08.
The Tickeron Valuation Rating of 10 (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 (4.610) is normal, around the industry mean (6.852). P/E Ratio (15.798) is within average values for comparable stocks, (49.426). Projected Growth (PEG Ratio) (2.253) is also within normal values, averaging (2.480). Dividend Yield (0.033) settles around the average of (0.035) among similar stocks. P/S Ratio (3.674) is also within normal values, averaging (67.590).
The Tickeron Profit vs. Risk Rating rating for this company is 40 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is 51 (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 SMR rating for this company is 59 (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 Tickeron Price Growth Rating for this company is 62 (best 1 - 100 worst), indicating fairly steady price growth. CSCO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 3.9B. The market cap for tickers in the group ranges from 22.4K to 181.8B. CSCO holds the highest valuation in this group at 181.8B. The lowest valued company is DIRV at 22.4K.
- 5/20/22 5:28 AM: Cisco Systems (CSCO, $41.72), market cap dropped by $27.6B
The average weekly price growth across all stocks in the Telecommunications Equipment Industry was -1.35%. For the same Industry, the average monthly price growth was -4.03%, and the average quarterly price growth was -15.1%. DZSI experienced the highest price growth at 16.01%, while ASNS experienced the biggest fall at -23.91%.
- 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%
The average weekly volume growth across all stocks in the Telecommunications Equipment Industry was -10.24%. For the same stocks of the Industry, the average monthly volume growth was -8.13% and the average quarterly volume growth was 36.25%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the RSI Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 29%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.03.
41 stocks in the group of tickers confirmed the positive outlook based on the Stochastic indicator with average odds of 75%.
The most notable companies in this group are Cisco Systems (NASDAQ:CSCO), Nokia Corp (NYSE:NOK), Ericsson (NASDAQ:ERIC), Hewlett Packard Enterprise Company (NYSE:HPE), Juniper Networks (NYSE:JNPR), Ciena Corp (NYSE:CIEN), Lumentum Holdings (NASDAQ:LITE), Maxar Technologies (NYSE:MAXR), CommScope Holding Company (NASDAQ:COMM), Casa Systems (NASDAQ:CASA).
The average market capitalization across the group is 5.1B. The market cap for tickers in the group ranges from 49.9K to 182.2B. CSCO holds the highest valuation in this group at 182.2B. The lowest valued company is AAPJ at 49.9K.
- 5/20/22 5:28 AM: Cisco Systems (CSCO, $41.72), market cap dropped by $27.6B
The average weekly price growth across all stocks in the group was 0.28%. For the same group, the average monthly price growth was -5.18%, and the average quarterly price growth was -22.84%. NXPL experienced the highest price growth at 21.34%, while CYCA experienced the biggest fall at -23.68%.
- 5/25/22 7:32 AM: Boxlight (BOXL, $0.85) is a top weekly loser for penny stocks, falling -18.92%
- 5/24/22 7:01 AM: Hewlett Packard Enterprise (HPE, $14.51) was a top loser this week, declining -9.14%. Expect a Downtrend reversal
- 5/24/22 7:00 AM: NextPlat (NXPL, $1.95) is a top weekly gainer for penny stocks, rising +17.47%
The average weekly volume growth across all stocks in the group was 123.03%. For the same stocks of the group, the average monthly volume growth was 80.52% and the average quarterly volume growth was 370.68%
- 5/19/22 8:16 AM: The volume for EchoStar stock increased for a consecutive 5 days, with an average daily gain of 164%
- 5/17/22 6:45 AM: The volume for Amplitech Group stock increased for one day, resulting in a record-breaking daily growth of 684% of the 65-Day Volume Moving Average
- 5/17/22 6:45 AM: The volume for EchoStar stock increased for three consecutive days, resulting in a record-breaking daily growth of 135% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Latest blogs by Abhoy Sarkar
Top Blogs
