Cisco Systems, Inc. (NASDAQ:CSCO) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 18% in the past one-month time frame.
The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Cisco Systems currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Cisco Systems, Inc. Price
Investors interested in the Computer - Networking industry may consider NetScout Systems, Inc. (NASDAQ:NTCT) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
NetScout Systems, Inc. (NTCT): Free Stock Analysis Report
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