CSCO dropped the ball on its latest earnings period ending July 2019 from 0.71 estimates to 0.51 resulted in its share prices depreciating further to 46.00 on 15th August 2019.
CSCO has been consistent with its earnings since April 2018 and the recent drop of its share prices to the current price level could attract long term investors to get in at the current technical level. However, share prices need to break and remain above 48.20 to head back up.
CSCO share prices could continue further down to around 45.37, 44.00, and 43.25 if it fails to break above 48.20