What the Options Market Tells Us About Cisco Systems

Deep-pocketed investors have adopted a bearish approach towards Cisco Systems CSCO, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CSCO usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Cisco Systems. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 7 are puts, totaling $559,385, and 5 are calls, amounting to $470,036.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $55.0 for Cisco Systems during the past quarter.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Cisco Systems options trades today is 6423.67 with a total volume of 8,249.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Cisco Systems's big money trades within a strike price range of $45.0 to $55.0 over the last 30 days.

Cisco Systems 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Cisco Systems

Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employees 80,000 employees and sells its products globally.

After a thorough review of the options trading surrounding Cisco Systems, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Cisco Systems

• Currently trading with a volume of 4,043,412, the CSCO's price is up by 0.16%, now at $48.65.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 82 days.

Professional Analyst Ratings for Cisco Systems

In the last month, 3 experts released ratings on this stock with an average target price of $51.666666666666664.

• Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Cisco Systems with a target price of $48.
• In a cautious move, an analyst from Wells Fargo downgraded its rating to Equal-Weight, setting a price target of $52.
• Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Cisco Systems, targeting a price of $55.

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