Schaeffer's Top Stock Picks for '25

What to Expect from Cisco Systems Stock After Earnings

Analysts and options traders are bearish ahead of the event

Deputy Editor
Nov 10, 2022 at 12:15 PM
facebook X logo linkedin


Cisco Systems Inc (NASDAQ:CSCO) is gearing up to release its fiscal first-quarter earnings report, due out after the close Wednesday, Nov. 16. Over the last two years, CSCO has experienced mostly positive post-earnings sessions, though the shares did lose 13.7% following its May report. The security averaged a 5.3% swing, regardless of direction, the day after its last eight reports, and this time around the options pits are pricing in a larger 7.2% shift. 

Though last seen 2.6% higher to trade at $45.08, the security is pulling away from earlier gains. Cisco Systems stock's 160-day capped today's surge, which isn't anything new, as the trendline stymied multiple rally attempts over the course of 2022. Year-to-date, CSCO sports a 29.2% deficit. 

CSCO Chart 2 November 102022

Most analysts covering Cisco Systems stock are pessimistic, though there are a few holdouts. Of the 20 in coverage, eight call the equity a "buy" or better, while 12 say "hold" or worse.

Options traders favor puts at the moment. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), CSCO sports a 50-day put/call volume ratio that ranks in the 90th percentile of its annual range, indicating a healthier-than-usual appetite for bearish bets in the last 10 weeks.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?