Whales, or large investors, have recently adopted a bearish outlook on Cisco Systems (NASDAQ: CSCO). Analysis of the options history reveals that of the 11 trades recorded, 54% were bearish while only 27% showed bullish expectations. The trades consisted of 2 put options amounting to approximately $107,124 and 9 call options totaling around $474,726.
From this activity, it appears that these investors anticipate Cisco’s stock price will fluctuate between $70.00 and $110.00 over the next three months, based on trends in volume and open interest associated with these contracts. Notably, significant activity in options trading has been observed, with various puts and calls indicating mixed sentiments among market participants.
Currently, Cisco trades at $74.28, reflecting a 0.43% increase. The trading volume reached over 10 million shares, while analysts suggest that the stock may be nearing oversold conditions. The company will release its next earnings report in approximately 33 days. An industry analyst from Morgan Stanley has maintained an Overweight rating on Cisco, setting a price target of $91.00.
Cisco Systems stands as a leading global provider of networking equipment and software, alongside offerings in cybersecurity and collaboration tools. With a workforce of around 80,000 across 90 countries, the company continues to hold a significant place in the tech industry.
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