Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>CSCO stock volume trades below average and the price trades below the major 20 and 50-day daily moving averages.</a></li>
 <li><span>2</span> <a>Cisco Systems Inc. (NASDAQ: CSCO) stock’s 52-week price range is between $38 – $58.</a></li>
</ul>
<p>The CSCO stock’s dividend yield for the TTM is 2.86% and its last dividend payment was 0.39 per share. The CSCO last ex-dividend date was October 3th, 2023 and its payout ratio is 50.15%.</p>
<p>The CSCO latest quarterly earnings report for the period ending July 2023, displayed a revenue of $15.20 Billion, with a net income of $3.96 Million, and a gain in profit margin from the last quarter of 26.03%. This quarter, Cisco Systems’ reported revenue exceeded analysts’ estimates by $153.147 Million (1.02%).</p>
<p>The CSCO stock reported an EPS of $1.14 for the period ending July 2023, beating the analysts’ estimate of $1.058 by 7.79%. The next quarter’s revenue is estimated to be $14.628 Billion and the estimated EPS to be $1.032. The report will be released on November 15th, 2023.</p>
<p>Furthermore, CSCO stock’s latest quarterly balance sheet for the period ending July 2023 reported total assets of $101.85 Billion and total liabilities of $57.50 Billion. The CSCO debt-to-assets ratio is at 56.45%.</p>
<h2 class="wp-block-heading" id="strong-csco-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>CSCO Stock Price Technical Analysis in 1-D Timeframe</strong></h2>
<p>The CSCO stock has a CMP of $53.87 and an intraday loss of 0.09%. The CSCO stock’s average volume for the last 10 days is 17.017 Million and its current volume is 13.106 Million. The CSCO stock has a float of 4.045 Billion shares and a market cap of $218.435 Billion.</p>
<p>The CSCO stock price rose from the $38 support level in October 2022 and reached a high of $329 on September 1st, 2023, making higher highs and lows. It faced resistance and fell since the investors took out their profit. However, the stock showed recovery signs as the price took support at $52 around the end of September 2023.</p>
<p>Therefore, if the Cisco stock manages to gain strong buying momentum and surges above the swing high, it can trigger a rally. The probable resistance levels are between $54.5 and $56.5.</p>
<p>Alternatively, if the stock faces resistance again and continues to fall below, and breaks below $52.5, then it could fall up to $50.5.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1141" height="637" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-334.png" alt="CSCO Stock: Will (NASDAQ: CSCO) Price Capture $60 and More?" class="wp-image-175071" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-334.png 1141w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-334-300x167.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-334-1024x572.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-334-768x429.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-334-750x419.png 750w" sizes="(max-width: 1141px) 100vw, 1141px">
  <figcaption class="wp-element-caption">
   Source: CSCO.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1141" height="637" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-333.png" alt="CSCO Stock: Will (NASDAQ: CSCO) Price Capture $60 and More?" class="wp-image-175070" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-333.png 1141w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-333-300x167.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-333-1024x572.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-333-768x429.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-333-750x419.png 750w" sizes="(max-width: 1141px) 100vw, 1141px">
  <figcaption class="wp-element-caption">
   Source: CSCO.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div>
<p>At the time of publishing, the price of <a href="https://www.thecoinrepublic.com/2023/07/07/cisco-systems-inc-csco-stock-soon-to-make-ai-chips/" rel="noopener noreferrer nofollow">Cisco Systems Inc</a>. (NASDAQ: CSCO) found recent support at $52. It will be approaching 20 EMA. If more buying volume assists the price, CSCO may surpass while rejecting EMA.&nbsp;</p>
<p>The MACD indicates an upcoming bullish cross, as the histogram has decreased, leading both lines to converge in the MACD tool. The RSI is at 45 and has bounced off the 14 SMA. The indicators in the CSCO stock suggest positive signs on the charts.</p>
<p>Moreover, the <a href="https://www.thecoinrepublic.com/2023/07/07/cisco-systems-inc-csco-stock-soon-to-make-ai-chips/" target="_blank" rel="noopener noreferrer nofollow">CSCO stock</a> ratings for stock are positive and highly recommended based on 26 analysts who have evaluated stock in the last three months. The 1-year price forecasts for CSCO stock by 18 analysts range between $45.00 to $68.00.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>Cisco Systems Inc. (NASDAQ: CSCO) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical analysis tools of the Cisco stock price highlight upward signals and support bullishness.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $52.5 and $50.5</p>
<p><strong>Resistance Levels</strong>: $54.5 and $56.5</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

CSCO Stock: Will (NASDAQ: CSCO) Price Capture $60 and More?

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