Cisco Systems (CSCO)

[TFMG]

POTUS needs CISCO to succeed in 5G. Reversal Trade?

CISCO may have quite a burden on its shoulder as the USA/Huawei conflict continues to roll on, POTUS needs American tech companies to catch up with the Chinese tech giant in the battle to become the 5G world superpower. This is a task of immense proportions and can not be won overnight and without huge investment in R&D.
In the shorter term CISCO's chart looks very vulnerable to a breakdown from a technical perspective, but has the 200ma and $49 support level as strong support. Despite this, CSCO have been consistent on earnings so we don't see and major negative surprise, overall there may be a great opportunity for a reversal trade.
AVERAGE ANALYSTS PRICE TARGET $58.86
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 17.77
SHORT INTEREST 1%