Cisco Set For Technical Breakout As Golden Cross Signals Strength, Analyst Predicts Stock 'Quietly' Climbing Higher
Cisco Systems(CSCO) Benzinga·2024-09-30 23:01
While Cisco Systems Inc. CSCO may not be making loud headlines, it's quietly setting the stage for a strong technical breakout. With a Golden Cross in play, tech analyst Jim Lebenthal of Cerity Partners recently tipped Cisco stock on CNBC’s ‘Halftime Report Final Trades’ predicting the stock will "quietly hit a fresh high for the year." Chart created using Benzinga ProThis optimism comes even as Cisco's 2024 has been marked by significant layoffs. The company reduced its headcount by 7% in August after an e ...