Cisco’s strength to be challenged coming into the new year
Cisco Systems, Inc. (symbol ‘CSCO’) made somewhat consistent profits throughout the last quarter of 2022 with some sideway movement on the share price in the last month and a half. The company’s earnings report for the fiscal quarter ending December 2022 is set to be released on Wednesday 15th of February, after market close. The consensus EPS for Q4 is $0.76 compared to Q4 2021’s $0.77.
‘The latest current ratio of the company ( meaning the ability of the company to repay its short term liabilities) is at 1.43 which in combination with a payout ratio of 54.51% shows that the company is healthy at least in the short term. This in combination to the dividend yield of 3.20% make the company an attractive addition to an investors portfolio. ’ said Antreas Themistokleous at Exness.
Based on technical analysis the share price is trading on a major technical resistance which consists of the 20 and 100 day moving average and the 23.6% of the daily Fibonacci retracement level.
The Stochastic oscillator is not indicating any overbought or oversold levels so based solely on technical analysis principles the most possible scenario could possibly be the continuation of the bearish movement at least in the short term. If this scenario is confirmed in the following sessions we might expect some support around the $46 price area which consists of the 38.2% of the Fibonacci and also the lower band of the Bollinger bands.
‘The latest current ratio of the company ( meaning the ability of the company to repay its short term liabilities) is at 1.43 which in combination with a payout ratio of 54.51% shows that the company is healthy at least in the short term. This in combination to the dividend yield of 3.20% make the company an attractive addition to an investors portfolio. ’ said Antreas Themistokleous at Exness.
Based on technical analysis the share price is trading on a major technical resistance which consists of the 20 and 100 day moving average and the 23.6% of the daily Fibonacci retracement level.
The Stochastic oscillator is not indicating any overbought or oversold levels so based solely on technical analysis principles the most possible scenario could possibly be the continuation of the bearish movement at least in the short term. If this scenario is confirmed in the following sessions we might expect some support around the $46 price area which consists of the 38.2% of the Fibonacci and also the lower band of the Bollinger bands.