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 in upward trend: price rose above 50-day moving average on May 25, 2023
CSCO moved above its 50-day moving average on May 25, 2023 date and that indicates a change from a downward trend to an upward trend. In of 30 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 16, 2023. You may want to consider a long position or call options on CSCO as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CSCO just turned positive on May 11, 2023. Looking at past instances where CSCO's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for CSCO crossed bullishly above the 50-day moving average on May 31, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CSCO advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 324 cases where CSCO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for CSCO moved out of overbought territory on May 31, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 of 62 cases within the following month. The odds of a continued downward trend are .
CSCO broke above its upper Bollinger Band on May 18, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (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 (4.796) is normal, around the industry mean (8.828). P/E Ratio (17.857) is within average values for comparable stocks, (57.914). Projected Growth (PEG Ratio) (2.023) is also within normal values, averaging (2.151). Dividend Yield (0.031) settles around the average of (0.043) among similar stocks. P/S Ratio (3.738) is also within normal values, averaging (22.029).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 (best 1 - 100 worst), indicating strong sales and a 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 PE Growth Rating for this company is (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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock slightly better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of Internet Protocol based networking products and services related to the communications and information technology industry
Industry TelecommunicationsEquipment
CSCO and
Correlation & Price change
A.I.dvisor indicates that over the last year, CSCO has been closely correlated with JNPR. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if CSCO jumps, then JNPR could also see price increases.
| Ticker / NAME | Correlation To CSCO | 1D Price Change % | ||
|---|---|---|---|---|
| CSCO | 100% | -0.06% | ||
| JNPR - CSCO | 73% Closely correlated | +1.83% | ||
| HPE - CSCO | 65% Loosely correlated | +2.74% | ||
| NOK - CSCO | 60% Loosely correlated | +0.75% | ||
| UI - CSCO | 56% Loosely correlated | +2.58% | ||
| ZBRA - CSCO | 56% Loosely correlated | +2.78% | ||
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