Cisco Systems (NASDAQ:CSCO) is one of today's notable stocks on the rise, up 1.3% to $29.34. The S&P is currently trading 0.7% higher to 2,119 and the Dow Jones Industrial Average is trading 0.6% higher to 18,153.
Potential upside of 4.7% exists for Cisco Systems, based on a current level of $29.34 and analysts' average consensus price target of $30.71. The stock should find initial support at its 50-day moving average (MA) of $28.46 and further support at its 200-day MA of $26.89.
In the past 52 weeks, Cisco Systems share prices have been bracketed by a low of $22.49 and a high of $30.31 and are now at $29.34, 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.4%.
Cisco Systems, Inc. supplies data networking products for the Internet. The Company's Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company's solutions transport data, voice, and video within buildings, across campuses, and around the world.