Cisco (CSCO) – Network & Security Compromised – October 27th, 2020

The bearish DailyPlay for Tuesday, October 27th is Cisco Systems Inc (CSCO). CSCO has rallied 2.56% in the last month and 1M trend turned bearish on October 21st. 

Fundamental View

  • Credit spread receives 34.7% of vertical width. 
  • Projected revenue growth of 2% per year is lower than the industry (3.1%) and market (9.9%) revenue growth.
  • Earnings Nov 12th (17 days)

Technical View

  • Breaking below the $37.70 support zone providing a good risk/reward short trade
  • Very weak relative strength score (2 out of 10)
  • Both 1M and 6M trends are bearish