Cisco Stock Downgraded on Valuation Concerns

The analyst in coverage noted any potential upside is already priced in Though the shares are on track for their worst day since June 13, they are still not too far removed from their June 30, 24-year high of $69.78. A familiar floor looks ready to contain any additional downside that could eat away Cisco Systems stock's 14.7% year-to-date lead. Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the security's 50-day call/put volume ratio of 4.71 s ...