Is Cisco The Best Nasdaq 100 Stock?
Summary
- 100% technical buy signals.
- 15 new highs and up 12.73% in the last month.
- 40.48% gain in the last year plus a 2.95% dividend.
The Barchart Chart of the Day belongs to the computer equipment company Cisco Systems (Nasdaq: CSCO). I found the stock by using Barchart to sort the Nasdaq 100 Index stocks first by the highest number of new highs in the last month, then by Barchart technical buy signals and lastly using the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 12/10 the stock gained 5.11%.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol-based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data. The company also offers collaboration products comprising unified communications, Cisco TelePresence, and conferencing, as well as the Internet of Things and analytics software. In addition, it provides security products, such as network security, cloud and email security, identity and access management, advanced threat protection, and unified threat management products. Further, the company offers a range of service and support options for its customers, including technical support and advanced services. It serves businesses of various sizes, public institutions, governments, and service providers. The company sells its products and services directly, as well as through systems integrators, service providers, other resellers, and distributors. Cisco Systems, Inc. has strategic alliances with other companies. Cisco Systems, Inc. was incorporated in 1984 and is headquartered in San Jose, California.
Barchart technical indicators:
- 100% technical buy signals
- 40.25+ Weighted Alpha
- 40.48% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 12.73% in the last month
- Relative Strength Index 71.14%
- Technical support level at 60.90
- Recently traded at 62.26 with a 50 day moving average of 56.94
Fundamental factors:
- Market Cap $260 billion
- P/E 20.69
- Dividend yield 2.95%
- Revenue expected to grow 5.90% this year and another 5.00% next year
- Earnings estimated to increase 6.20% this year, an additional 7.60% next year and continue to compound at an annual rate of 6.55% for the next 5 years
- Wall Street analysts issued 8 strong buy, 11 buy and 8 hold opinions on the stock
- The individual investors Following the stock on Motley Fool voted 10,271 to 527 that the stock will beat the market with the more experienced investors voting 1,724 to 75 for the same result
- 475,420 investors are monitoring the stock on Seeking Alpha.
Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the ...
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