Cisco earnings yesterday were, I thought, quite good as they reported 80 cents a share on revenue of $12.2 billion. Revenue was down from $13.4 billion for the 4th quarter in 2019 but earnings beat estimates at 74 cents a share although it was lower than last year’s 83 cents.
The stock is falling as the company projected lower revenue for the first quarter due out Nov 11. They expect $11.7 billion versus original estimates of $11.9 billion versus $13.2 billion for the first quarter last year. Basically the outlook is for lower revenue and that has the stock falling today.
This article outlines five trades that were setup today in the stock following the plunge in the stock after earnings yesterday.
The rest of this Cisco Stock (CSCO) trade alert is for FullyInformed Members.
Cisco Stock – 5 Trade Alerts In The Sell-Off – Aug 13 2020
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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