Will Cisco surge today

**Cisco's stock is unlikely to surge today**, considering the following points: 1. **Recent Performance**: Cisco's stock has experienced a 1.87% increase in the last week and a 7.78% increase in the last month. This suggests a recent uptrend, which could indicate a positive sentiment among investors. 2. **Technical Indicators**: - The 5-day moving average is $50.5, and the 10-day moving average is $49.13. The fact that the shorter-term moving average is above the longer-term one typically indicates a bullish trend. - The Relative Strength Index (RSI) is at 81.15, which is considered overbought territory and may suggest a potential pullback or consolidation rather than a surge. 3. **Short-term Trend Forecast**: There is no specific short-term trend forecast available for Cisco on the provided date. However, the absence of a negative forecast could imply a neutral outlook, which may not lead to a surge. 4. **Earnings and Guidance**: Cisco's latest fiscal year is 2024, and the latest reported quarter is Q4. The company has estimated EPS of $0.82 and estimated revenue of $12.53 billion for the latest quarter. The guidance for the next quarter suggests a GAAP EPS of $0.46 to $0.51 and a revenue range of $13.4 billion to $13.6 billion. These figures indicate stability rather than a surge. 5. **Market Sentiment and News**: - The company has seen a strategic acquisition and a shift in its business model, which could be positive in the long term. However, this does not necessarily indicate an immediate surge. - The stock has a dividend yield of 3%, which could be attractive to income-focused investors but does not typically lead to a stock surge. 6. **Analyst Forecasts**: The consensus EPS forecast has decreased over the past week, which could reflect some caution among analysts. This could be a reason for a more stable or neutral market reaction rather than a surge. In conclusion, while Cisco's stock has shown some positive momentum recently, the technical indicators, financial data, and market sentiment do not strongly suggest a surge for today. Investors should consider these factors and monitor the market closely for any unexpected developments that could alter the stock's trajectory.