Cisco Systems, Inc. shares stand out with an interesting technical chart pattern displaying horizontal consolidation. One would assume that the current accumulation phase will cede eventually to an acceleration to the upside. Investors should benefit from the breakout of the $ 31.5 level to target the $ 35.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
The group's activity appears highly profitable thanks to its outperforming net margins.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
The company is one of the best yield companies with high dividend expectations.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 27.13 USD
Stock prices approach a strong long-term resistance in weekly data at USD 31.83.
The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
According to forecast, a sluggish sales growth is expected for the next fiscal years.
The company's enterprise value to sales, at 3.17 times its current sales, is high.
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