Cisco Systems, Inc. (‘CSCO’)

Cisco Systems, Inc. (symbol ‘CSCO’) managed to stay afloat their second quarter performance adding around 11% on their share price. The company’s earnings report for the fiscal quarter ending July 2023 is set to be released on Wednesday 16th of August, after market close. The consensus EPS is $0.95 compared to the same quarter of last year at $0.74.

‘As of 30/04/2023 the company's current ratio is around 140% showing that the company is able to repay its short term liabilities with the current assets in hand. Also what is important to mention is that the debt to equity ratio is near all time low (currently at 16%) indicating that the company’s debt levels are constantly decreasing making it an attractive investment for market participants ’ said Antreas Themistokleous, an analyst at Exness



On the technical side the price has been trading in a steady uptrend for the majority of the quarter. In last week it found resistance on the upper band of the Bollinger bands and has since corrected to the downside while the Stochastic oscillator is still near the extreme overbought levels possibly showing that the bullish momentum might still be valid in the market. The faster moving averages ( 20 & 50) are trading above the slower 100 day moving average further supporting the narrative that the bulls might still be stronger than the bears.