Cisco forms an important and effective part of corporate industry as well as educational industry. World is getting back at its feet, so is their business. Current cyclical change visible on Earnings released with better margins. Technically, Buy Cisco at CMP - 58 With target of 63/68. Time frame - 3-4 Weeks.
Reported earnings and trading down in the $54 level, I wrote down $53.20 & $52.30. I looked the numbers and guidance they look okay. $53.20 is going to be monthly pivot and $52.30 is going to be a decent support level with annual pivot at that spot. $53.20 is where it kind of kissed in the post market.