In Case You Haven’t Noticed: Cisco Systems, Inc. (CSCO), Microsoft Corporation (MSFT) - The RNS Daily

A look at its monthly performance shows that Cisco Systems, Inc. (NASDAQ:CSCO) has recorded a 5.23% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 22.43% and is now up by 21.69% since start of this year. The equity price sank -1.46% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price climbed by 24.1% over the past three months which led to its overall six-month increase to stand at 10.48%.

The shares of Cisco Systems, Inc. (CSCO) dropped by -2.77% or -$1.5 from its last recorded high of $54.23 which it attained on March 21 to close at $52.73 per share. Over the past 52 weeks, the shares of Cisco Systems, Inc. has been trading as low as $40.19 before witnessing a massive surge by 31.2% or $12.54. This price movement has led to the CSCO stock receiving more attention and has become one to watch out for. It dipped by -0.02% on Monday and this got the market worried. The stock’s beta now stands at 1.21 and when compared to its 200-day moving average and its 50-day moving average, CSCO price stands 14.67% above and 8.04% above respectively. Its average daily volatility for this week is 1.97% which is more than the 1.59% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Cisco Systems, Inc. with most of them predicting a $55.13 price target on a short-term (12 months) basis. The average price target by the analysts will see a 4.55% rise in the stock and would lead to CSCO’s market cap to surge to $248.09B. The stock has been rated an average 2, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 30 analysts that track Cisco Systems, Inc. (NASDAQ:CSCO) and find out that 10 of them rated it as a Hold. 20 of the 20 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at CSCO technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 63.36 point. Its trading volume has lost -6214104 shares compared to readings over the past three months as it recently exchanged 15775896 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 21990000 shares, and this is 0.72 times the normal volume.

The price of Microsoft Corporation (NASDAQ:MSFT) currently stands at $117.66 after it went up by $0.61 or 0.52% and has found a strong support at $116.65 a share. If the MSFT price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $115.64 mark would also be bad for the stock as it means that the stock would plunge by 1.72% from its current position. However, if the stock price is able to trade above the resistance point around $118.34, then it could likely surge higher to try and break the upward resistance which stands at $119.02 a share. Its average daily volatility over the past one month stands at 1.53%. The stock has plunged by 86.13% from its 52-weeks high of $16.3224 which it reached on Mar. 21, 2019. In general, it is 25.99% above its 52-weeks lowest point which stands at $87.08 and this setback was observed on Feb. 04, 2018.

Analysts have predicted a price target for Microsoft Corporation (MSFT) for 1 year and it stands at an average $126.37/share. This means that it would likely increase by 7.4% from its current position. The current price of the stock has been moving between $116.3224 and $118.01. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $75. On the other hand, one analyst is super bullish about the price, setting a target as high as $160.

The MSFT stock Stochastic Oscillator (%D) is at 79.07%, which means that it is currently neutral. The shares P/S ratio stands at 7.83 which compares to the 8.58 recorded by the industry or the 24.61 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 23.6, which is lower than the 27.36 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 8.5% over the past five years.

Analysts view Microsoft Corporation (NASDAQ:MSFT) as a Buy, with 1.7 consensus rating. Reuters surveyed 36 analysts that follow MSFT and found that 2 of those analysts rated the stock as a Hold. The remaining 34 were divided, with 33 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Microsoft Corporation (MSFT) shares or sell it if they already own it.

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