Cisco (CSCO) is now up 6.9% after delivering a strong FQ1 report and solid FQ2 guidance. Comments made during Cisco's CC about strong switch and router orders, and improving switch margins (long an area of concern), could also be providing a lift. Citi is upgrading shares to Buy, arguing FQ2 expectations are still low, and Cisco's improving growth and margins will lead to multiple expansion
Share of Cisco Systems, Inc. (CSCO) is now trading back $18.50 in premarket trade because of good earning news in last night.CSCO will have resistance around $19.50 and followed by $20.50 which is gap between $19.50 to $20.50 need to watch now.Cisco Systems is a strong buy below $15 share for long term buy list for 2012 because this stock will be come just need patience.But stock will stay this range long term.I am looking for next 12 months $24-$25 price target.
Share of Cisco Systems, Inc. (CSCO) is now trading back $18.50 in premarket trade because of good earning news in last night.CSCO will have resistance around $19.50 and followed by $20.50 which is gap between $19.50 to $20.50 need to watch now.Cisco Systems is a strong buy below $15 share for long term buy list for 2012 because this stock will be come just need patience.But stock will stay this range long term.I am looking for next 12 months $24-$25 price target.
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