Cisco Stock Faces Bearish Trends Ahead Of Q4 Earnings
CSCOCisco Systems(CSCO) Benzinga·2024-08-13 23:42

Cisco Systems Inc CSCO is set to report its fourth-quarter earnings after market hours on Wednesday.Wall Street expects 85 cents in EPS and 13.54billioninrevenuesasthecompanyreportsLetslookatwhatthechartsindicateforCiscostock,whichisdown16.1813.54 billion in revenues as the company reportsLet’s look at what the charts indicate for Cisco stock, which is down 16.18% over the last year and 10.58% year-to-date. The share price of 45.06 is trading below its five-, 20- and 50-day exponential moving averages. This consistent positioning below key moving averages indicates significant selling pressure. Chart crea ...