Cisco Systems stock: buy or sell

CSCO stock price: $51.93 0.27% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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Cisco Systems stock brief

  • Cisco Systems stock just changed 0.27% to close at $51.93 on the stock market on Wednesday.
  • Deutsche Bank Aktiengesellschaft published a neutral rating for Cisco Systems on Tuesday, with a target of $55.00

Should I buy Cisco Systems stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $CSCO stock a buy?

Currently, Cisco Systems stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $CSCO will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Cisco Systems stock?

"To sell or not to sell", if you are holding Cisco Systems shares?. Trading strategies give us the ability us to avoid impulsive decisions based on our personal emotions or the buzz surrounding the market. When selling, as well as buying, detailed strategies are very simple to use but are only applicable for selling shares you already own, not for selling short $CSCO stock

As a golden rule, you should never mantain a trading operation that generates losses greater than those expected upon the buy. The moment to sell your stock should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Cisco Systems stock?

Currently, Cisco Systems stock doesn't match any of our preferred sell setups, so if you hold Cisco Systems shares and your operation is in profit probably is not time to sell now

Cisco Systems ratings

In the last month, 5 brokerage ratings were published for Cisco Systems. General sentiment is bullish, with 3 out of 5 publishing positive forecasts

Cisco Systems analysts' ratings - Last month
Brokerage firmRating
Mar 25th, 2021
The Goldman Sachs Group NeutralStrong buy
Mar 31st, 2021
The Goldman Sachs Group NeutralStrong buy
Apr 16th, 2021
Morgan Stanley Buy
Wolfe Research
Apr 20th, 2021
Deutsche Bank Aktiengesellschaft Neutral

Cisco Systems stock analysis

Cisco Systems stock started an uptrend in October 2020, and gained a gorgeous 49.44%. During this uptrend, the price gave some entry points on the breakouts. Latest low was in early March, when price bounced at $43.84. Cisco Systems broke out above $48.99 (its last top) in mid-March. That breakout was a good buy point

SMAs overview

CSCO stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $53.37 (2.77% above)
  • R2: $54.03 (4.04% above)
  • R3: $54.61 (5.16% above)
  • The current supports are:

  • S1: $50.74 (-2.29% below)
  • S2: $48.99 (-5.66% below)
  • S3: $48.35 (-6.89% below)
  • Bollinger bands

    The price is trading very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    CSCO stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on April 6 after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Wednesday was 58.86. Since RSI lost the overbought zone, Cisco Systems price scarcely moved a 0.92%

    CSCO stock RSI chart

    Cisco Systems stock price history

    Cisco Systems went public priced at an adjusted price1 of $0.00 on Feb 1990. Since then, CSCO stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in Cisco Systems stock at that time, it would be valued $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    CSCO stock price history chart

    Price target for Cisco Systems stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price target released by brokerage institutions over the last 30 days. If you are a small investor you must not invest based on these forecasts.

    Averaging all price targets exposed below, the predicted price for Cisco Systems stock is $58.60. Cisco Systems closed at $51.93 on Wednesday, that is a 11.38% than the predicted price.

    Cisco Systems stock price predictions
    Brokerage firmPrice target
    Mar 25th, 2021
    The Goldman Sachs Group $50.00$59.00
    Mar 31st, 2021
    The Goldman Sachs Group $50.00$59.00
    Apr 16th, 2021
    Morgan Stanley $54.00$57.00
    Wolfe Research $63.00
    Apr 20th, 2021
    Deutsche Bank Aktiengesellschaft $55.00

    Earnings and financials

    Last February, Cisco Systems ($CSCO) hosted the quarterly shareholders event and posted the report. Cisco Systems surpassed consensus earnings estimates and presented of $0.79, that is a 3.95% surprise compared to the estimates of $0.76. Despite this, reported sales of $12.0 billion were in line with market estimates.

    In comparison, the EPS for the same quarter last year was $0.77, so posted EPS is a gain of 2.60%. Turnover barely moved on an annualized basis in the , from $120.1B to $119.6B last quarter.

    Cisco Systems ($CSCO) is hosting the quarterly earnings call mid next May. Wall Street analysts expect of $0.82, that is a 3.80% more than previous quarter.

    Cisco Systems performance

    CSCO performance compared
    Company1m3m6m
    Cisco Systems ($CSCO) 4.60% 15.70% 33.70%

    Important:
    The viewpoints contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not know the individual positions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for educative purposes only

    Cisco Systems summary

    Wednesday, April 21st, 2021
    Open$51.84
    Close$51.93
    Day range$51.48 - $52.07
    Previous close$51.79
    Session gain0.27%
    Average true range$0.90
    50d mov avg$48.77
    100d mov avg$46.56
    200d mov avg$43.70
    Earnings dateMay 12th, 2021

    Frequently asked questions

    What is Cisco Systems stock symbol?

    Cisco Systems, Inc. is a public company trading in the US stock market with the CSCO symbol

    Is Cisco Systems stock a buy or sell?

    Cisco Systems received 5 ratings in the last 30 days: 3 bullish, 0 bearish and 1 neutral.

    Will CSCO go up?

    Cisco Systems had different price predictions issued by analysts in the last 30 days forecasting the target price to $58.60. That is a 12.84% than the current price ($51.93).