Cisco Systems (CSCO) NewsBite - Cisco Flat Ahead of Earnings Release

Posted on Monday, August 04, 2008 2:29 PM

Cisco Systems (NasdaqNM: CSCO) opened at $22.07. So far today, the stock has hit a low of $21.72 and a high of $22.17. CSCO is now trading at $21.87, down $0.12 (-0.55%). The stock hit its 52-Week high of $34.24 in November and set its 52-Week low of $20.56 in July. Cisco Systems reports on Tuesday financial results for its fiscal fourth quarter. Analysts expect the company to report earnings of 39 cents per share on $10.31 billion in revenue. Technical indicators for the stock are neutral and S&P gives CSCO a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on CSCO the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]