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Jul 09, 2019

Cisco (CSCO, $56.50) will acquire Acacia (ACIA, $64.92) in $2.6 billion deal

Networking hardware and telecom equipment company Cisco is planning to acquire  Acacia Communications in a $2.6 billion deal .

As announced by the companies on Tuesday, Cisco will pay $70 per share in cash for Acacia - a networking company and already a supplier for Cisco.

The acquisition is expected to bolster Cisco’s optical systems business. According to the announcement, the deal is expected to close in the second half of Cisco’s fiscal year 2020.

Acacia shares surged more than +38% during premarket trading Tuesday, while Cisco was down -1% .

Related Ticker: CSCO

CSCO in upward trend: price may jump up because it broke its lower Bollinger Band on February 20, 2024

CSCO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 37 cases where CSCO's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CSCO advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for CSCO moved out of overbought territory on January 30, 2024. 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 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on February 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CSCO as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for CSCO turned negative on January 31, 2024. 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

CSCO moved below its 50-day moving average on February 15, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CSCO crossed bearishly below the 50-day moving average on February 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 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 .

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 .

The Aroon Indicator for CSCO entered a downward trend on March 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

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 (4.237) is normal, around the industry mean (9.011). P/E Ratio (14.711) is within average values for comparable stocks, (89.472). Projected Growth (PEG Ratio) (3.497) is also within normal values, averaging (1.718). Dividend Yield (0.032) settles around the average of (0.041) among similar stocks. P/S Ratio (3.457) is also within normal values, averaging (23.128).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued 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.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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 Price Growth Rating for this company is (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 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 88, placing this stock slightly better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.

Notable companies

The most notable companies in this group are Cisco Systems (NASDAQ:CSCO), Hewlett Packard Enterprise Company (NYSE:HPE), Nokia Corp (NYSE:NOK), Ericsson (NASDAQ:ERIC), Juniper Networks (NYSE:JNPR), Ciena Corp (NYSE:CIEN), Lumentum Holdings (NASDAQ:LITE), CommScope Holding Company (NASDAQ:COMM), Casa Systems (NASDAQ:CASA).

Industry description

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.

Market Cap

The average market capitalization across the Telecommunications Equipment Industry is 4.2B. The market cap for tickers in the group ranges from 1.59K to 195.98B. CSCO holds the highest valuation in this group at 195.98B. The lowest valued company is ABILF at 1.59K.

High and low price notable news

The average weekly price growth across all stocks in the Telecommunications Equipment Industry was 3%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was -7%. VMNT experienced the highest price growth at 48%, while COMM experienced the biggest fall at -40%.

Volume

The average weekly volume growth across all stocks in the Telecommunications Equipment Industry was 64%. For the same stocks of the Industry, the average monthly volume growth was -29% and the average quarterly volume growth was 74%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 64
Price Growth Rating: 59
SMR Rating: 78
Profit Risk Rating: 88
Seasonality Score: 1 (-100 ... +100)
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CSCODaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of Internet Protocol based networking products and services related to the communications and information technology industry

Industry TelecommunicationsEquipment

Profile
Fundamentals
Details
Industry
Computer Communications
Address
170 West Tasman Drive
Phone
+1 408 526-4000
Employees
84900
Web
https://www.cisco.com
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CSCO and

Correlation & Price change

A.I.dvisor indicates that over the last year, CSCO has been loosely correlated with HPE. These tickers have moved in lockstep 50% of the time. This A.I.-generated data suggests there is some statistical probability that if CSCO jumps, then HPE could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CSCO
1D Price
Change %
CSCO100%
+0.06%
HPE - CSCO
50%
Loosely correlated
+2.17%
CIEN - CSCO
41%
Loosely correlated
+6.77%
EXTR - CSCO
41%
Loosely correlated
-1.42%
JNPR - CSCO
40%
Loosely correlated
+0.92%
NOK - CSCO
38%
Loosely correlated
+0.85%
More
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