Cisco System Inc. Q2 earning estimates remain stable at $0.85 and revenue estimate at $13.43B.
NASDAQ: CSCO stock price is stuck in the narrow range between $46.00 to $50.00.
Cisco System Inc (NASDAQ: CSCO) stock price is reversing upward after taking support at the lower ranges. The bulls are trying to push the prices above the 200 day EMA to show its dominance on the lower levels. However, it will be interesting to see how prices will react after Q2 earnings.
In the previous session CSCO stock price closed at $47.70 with the intraday loss of 0.33%. The market cap stood at $195.956 billion.
Will the Cisco price breakout of the $50 hurdle?
NASDAQ: CSCO daily chart by Tradingview
Cisco System Inc(NASDAQ: CSCO) stock price has been quite stable and stuck in the narrow range between $46.00 to $50.00 which is expected to see expansion on either side soon. CSCO stock price tried multiple times to breakout of the higher range but unfortunately the bears seem to be very active around the s
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