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Cisco Systems, Inc. CSCO was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $43.84 to $48.44 in the past one-month time frame.
The move came after the company reported better-than-expected first-quarter fiscal 2019 results.
The company has seen estimate revision of one increase and no decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Cisco Systems currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Cisco Systems, Inc. Price
Cisco Systems, Inc. Price | Cisco Systems, Inc. Quote
A better-ranked stock in the Computer - Networking industry is Allot Communications Ltd. ALLT, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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