Cisco Stock Faces Bearish Trends Ahead Of Q4 Earnings
Portfolio Pulse from Surbhi Jain
Cisco Systems Inc (NASDAQ:CSCO) is set to report its Q4 earnings with Wall Street expecting 85 cents in EPS and $13.54 billion in revenues. The stock is down 16.18% over the last year and 10.58% year-to-date, trading below key moving averages, indicating significant selling pressure. Technical indicators such as MACD, RSI, and Bollinger Bands suggest a continued bearish outlook. Despite this, analysts see a 17% upside with a consensus price target of $56.39.
August 13, 2024 | 3:42 pm
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Cisco Systems Inc (NASDAQ:CSCO) is experiencing strong selling pressure ahead of its Q4 earnings report. The stock is trading below key moving averages and technical indicators suggest a continued bearish outlook. However, analysts see a potential 17% upside with a consensus price target of $56.39.
The stock is trading below its five-, 20-, 50-, and 200-day moving averages, indicating significant selling pressure. Technical indicators such as MACD, RSI, and Bollinger Bands also suggest a bearish outlook. Despite this, analysts have a neutral rating with a price target implying a 17% upside.
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