Cisco Systems (CSCO) NewsBite - CSCO Higher Ahead Of Earnings
Nov 04, 2009 (Fresh Brewed Media via COMTEX) --
Company: Cisco Systems, Inc. (CSCO)
Cisco Systems (NasdaqNM: CSCO) opened at $23.26. So far today, the stock has hit a low of $23.00 and a high of $23.33. CSCO is now trading at $23.21, up $0.30 (1.31%). The stock hit its 52-Week high of $24.83 in October and set its 52-Week low of $13.61 in March. The stock is moving higher today ahead of this afternoon's earnings report. The company is expected to show earnings of 31 cents per share for its fiscal fourth quarter after the market closes. Technical indicators for the stock are bullish and S&P gives CSCO a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on CSCO the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 19 range.
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Company: Cisco Systems, Inc. (CSCO)
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