On Thursday after the market closes, Cisco reports its latest quarterly earnings. Analysts are expecting revenue of $12.7 billion and earnings of 56 cents per share.
The same quarter last year saw revenue of $12.2 billion and earnings of 54 cents per share.
This is a jump of $500 million which may be a bit tougher for this quarter than previously thought. In the present market weakness, this could lead to selling into Friday.
Having A Rescue Ready for Cisco Stock
Being ready for a pullback or an upturn following earnings is important. By having a rescue strategy ready in the event the stock should tumble, I know how I want to adjust the trade. This keeps emotion out of the trade while the stock is collapsing.
Trading Cisco Stock Without Emotion
Trading without emotion is difficult to do but having a rescue strategy in place alleviates the emotions behind trading a rapidly declining stock.
Setting Up A Rescue Ahead Of Earnings – Cisco Stock (CSCO) for Nov 12 2015
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