Cisco Systems Inc (CSCO) is trading 6% higher at $49.45 today. The stock's price action is rapidly outperforming it's peers on what is quickly becoming a cheerful day for the Information Technology sector.
- Morgan Stanley raised PT to $48 from $43
- Potential beneficiary of chip supply shortages easing and increased demand for its products
Cisco Systems Inc has been trading between a 52-week high of $63.47 and a 52-week low of $40.82. The stock has a market cap of $205 Billion.
Cisco is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future.
Headlines
Estée Lauder, Cisco And 3 Stocks To Watch Heading Into Thursday
Benzinga 08-18-22
Cisco PT Raised to $48 at Morgan Stanley
Investing.com 08-18-22
Financial Markets Today: Quick Take – August 18, 2022
SAXO Group 08-18-22
Cisco gives upbeat outlook as chip supply shortages ease
BusinessTech 08-18-22
Cisco Systems (CSCO) Q4 2022 Earnings Call Transcript
The Motley Fool 08-17-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:talm0 - 3 upvotes -
sourceCSCO is finally gonna be relevant tomorrow. For the first time in about two decades. Might even save the market.
Blazzck7 - 2 upvotes -
sourceThinking puts on BBWI or calls on CSCO
ElvanKing - 2 upvotes -
sourceCSCO -10% please tyvm
Ed_Chambers_650 - 2 upvotes -
sourceHere comes CSCO to blast the market in the ass again
budgetbeast08 - 2 upvotes -
sourceeasy money csco calls boutta make a bag they pumpin at least 4to5 % tmo
xacisx - 2 upvotes -
sourceThoughts on CSCO earnings? Pumpor dump?
PotadoLoveGun - 1 upvotes -
sourceNeed CSCO to hold its gains so I can exit with some profit on these 47C's
Blazzck7 - 1 upvotes -
sourceCSCO puts
ElvanKing - 1 upvotes -
sourceThere goes my CSCO puts
NoCollegeKids - 1 upvotes -
sourceCSCO up 2% and bulls think SPY will be saved.