Watch Of The Week: Cisco

Today, we want to bring a name to your attention that is not in the news as much as the other popular tech stocks. Cisco CSCO is an old-school technology stock that has existed since 1984. It is outperforming the S&P 500 this year, up about 17 percent, while the S&P is up 15 percent. In August alone, Cisco is up 7% while the S&P is down 4%. 

Diving into fundamentals first, the company reported earnings on August 16th. The revenue increased 16 percent year over year, while the CEO mentioned the company is seeing significant demand and innovating in AI, security, and cloud areas. Over the past year, they also acquired two privately held cybersecurity companies, Smartlook and Lightspin, to grow their presence in the security space. 

Looking at the monthly chart, $58 is a potential area of resistance, and if that clears $60, then $64 could be on the horizon over time. While it is not giving NVIDIA NVDA returns, the chart is constructive and does the job for investors as of late. 

Let us know what you think about Cisco and if you guys have other names not talked about enough that you love! If you are on Twitter, now known as “X,” feel free to follow @ThrashCapital for more content!