Cisco Systems, Inc. (CSCO) stock is up 0.48% over the past week and gets a Bullish rating from InvestorsObserver”s Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What’s Happening With CSCO Stock Today?
Cisco Systems, Inc. (CSCO) stock is trading at $44.32 as of 3:02 PM on Thursday, Dec 10, a decline of -$0.37, or -0.84% from the previous closing price of $44.69. The stock has traded between $44.11 and $44.61 so far today. Volume today is below average. So far 9,312,182 shares have traded compared to average volume of 25,697,875 shares.
To see InvestorsObserver‘s Sentiment Score for Cisco Systems, Inc. click here.
More About Cisco Systems, Inc.
Cisco Systems, Inc. is the world’s largest hardware and software supplier within the networking solutions sector. The infrastructure platforms group includes hardware and software products for switching, routing, data center, and wireless applications. Its applications portfolio contains collaboration, analytics, and Internet of Things products. The security segment contains Cisco’s firewall and software-defined security products. Services are Cisco’s technical support and advanced services offerings. The company’s wide array of hardware is complemented with solutions for software-defined networking, analytics, and intent-based networking. In collaboration with Cisco’s initiative on growing software and services, its revenue model is focused on increasing subscriptions and recurring sales.
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