Cisco Systems (CSCO) is long from $35.92. It is trading at $56.10 as of this writing.

Cisco earnings were better than the consensus and the whisper numbers.  Stocks move based on the difference between the whisper numbers and the reality.

Tariffs

The stock is up $3.67.  Only about $1 can be justified based on earnings.  There was fear that the company would be adversely  impacted by tariffs. The stock is spiking higher because the company states tariffs are already baked into the guidance.

Dividend

Of note is that the stock pays a dividend of 2.50%.

Buy Zones And Rating

For those following the Good Way, the Buy Now rating is a ‘YES’ to start a small scale in on a pull back below $53.57.

For those following the Best Way the new buy zone is $48 to $51.87.  The very long term target zone is $70 to $77.

The recommended quantity is 20 – 35% of full core position size.

What To Do Now

Those who are in QCOM may consider continuing to hold.

Those not in the stock may follow the parameters stated above.