Q2 STOCKS TO BUY

New CEO Has Cisco System, Inc. (CSCO) Bulls Hungry

Cisco Systems, Inc. (NASDAQ:CSCO) bulls have emerged after a new CEO was announced

May 4, 2015 at 11:40 AM
facebook X logo linkedin


Cisco Systems, Inc. (NASDAQ:CSCO) is 0.3% higher today at $29.22, after the company announced CEO John Chambers is stepping down, with Chuck Robbins filling the position. In response, options traders have stepped up, with calls running at an 18% mark-up to the average intraday pace. The most popular contract is the May 30 call, which it appears traders are buying to open, expecting the shares to topple $30 by the close on Friday, May 15, when front-month options expire.

Looking back, calls have been popular in CSCO's options pits for some time. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock has amassed a 50-day call/put volume ratio of 3.98 -- ranking higher than 95% of all readings from the past year. This reveals that calls have been bought to open over puts at a near-annual-high clip.

Most analysts are believers in the equity, with 19 of 26 brokerage firms deeming it a "buy" or better. Cisco Systems, Inc.'s (NASDAQ:CSCO) technical success may be one reason for this optimism. Over the past 12 months, the stock has added 27.3%, and is currently on the doorstep of its multi-year peak of $30.31 from early March.

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter