Price/Volume Alert: Cisco Systems (CSCO)

Posted in pre-market 
July 20th, 2009

Cisco Systems, Inc. (NASDAQ: CSCO) is trading up 2% at $20.92 in early trading.  As of 8:20 AM EST we have seen about 200,000 shares trade hands.  While this is not exactly huge volume and while this one trades 50 million shares, this may be a more active trading tone today based upon the early indications.  Cisco was raised to “Outperform” from Neutral at Credit Suisse.  This follows positive “Buy” recommendations from two other larger firms over the last two weeks and sets the tone for a more positive earnings reception now that shares are back over $20.00. -JON OGG

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