We are currently experiencing problems with stock quotes. This should be corrected shortly. We apologize for the inconvenience. What a difference a week makes. Investors will be closely monitoring the company's forward-looking statements for confirmation of the analysts' views of a stabilizing technology market.
Technical indicators support a favorable fundamental outlook.
The stock was trading higher in after-hours trading on the release, and investors are betting that the company's key guidance and visibility will also be favorable. Cisco's share price appears to have completed the four stages of a technical trading cycle, and could now be back at Stage I, the basing stage. Investors may wish to lock in profits on any quick spurt to the upper envelope band and then reposition themselves on any pullbacks. The stock appears to be on a positive track, but could continue to be range bound for the next month or two before heading into Stage II, the advancing stage. The advancing stage is characteristic of large dramatic positive and profitable price moves.