Cisco Earnings Preview: Technicals Show Stock Headed for 62.5 to 64 Level

), Inc. engages in the design, manufacture, and sale of Internet Protocol-based networking products and services related to the communications and information technology industry.

The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its products include the following categories: Secure, Agile Networks, Internet for the Future, Collaboration, End-to-End Security, Optimized Application Experiences, and Other Products.Investors will be focusing on recovery in networking in enterprise & SP markets, AI orders, Splunk integration and security transformation.

Symmetrical triangle forms five legs within, shown on the following chart as 1, 2, 3, 4 & fifth is the breakout point.Long-term target of the triangle breakout is sitting between 80 – 85 in the next few months.November 13 earnings are a good catalyst for more rallies in CSCO targeting 62.50 to 64 level in the short term provided 54/53 support remains intact on daily close basis post earnings.

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