Cisco Stock Gaps to 24-Year High After Earnings

Group 1 - Cisco Systems Inc reported a top- and bottom-line win for the fiscal second quarter, with an optimistic earnings and revenue outlook for 2025, leading to a 2.7% increase in shares to $64.23, after reaching a 24-year high of $66.50 [1] - The stock has shown a 35% lead over the past nine months and is breaking above resistance at the $63 region, bouncing off support from its 20-day moving average [2] - Cisco's 50-day call/put volume ratio of 5.19 ranks higher than 96% of annual readings, indicating a bullish sentiment among traders, with 92,000 calls and 28,000 puts traded, significantly above typical volume [3] Group 2 - Melius Research has raised its price target for Cisco to $80 from $73, reflecting positive market sentiment following the earnings report [1] - The stock is on track for its best day since November, indicating strong investor interest and confidence [2] - The most active options contract is the March 65 call, suggesting a focus on short-term bullish strategies [3]