Stock market: the earnings of Cisco and NVIDIA

Stock market: the earnings of Cisco and NVIDIA

2020-03-13 • Updated

The earnings season in the United States is still on. This means stocks of the largest American companies will likely make big moves. You can trade these stocks with FBS (learn more) and make money! 

Wednesday, August 14


EPS forecast: $0.81

Revenue forecast: $13.39B

Cisco Systems is an American multinational technology conglomerate which develops, manufactures and sells networking hardware, telecommunications equipment, and other high-technology services and products. In simple terms, Cisco provides connectivity to end-users, workstations, IP phones, access points, and servers. All in all, its business looks good: the firm isn’t very exposed to China, occupies a strong market position and makes efforts to improve it further by conquering security market and partnering up with the world’s top technological firms.

According to analysts’ expectations, the company’s earnings have increased by 17%, while revenue has risen by 4% y/y. The only question is whether the company lives up to the good forecasts. If the actual figures top the estimates, the stock will turn up. On the contrary, if Cisco’s financial results disappoint, the price will test support.   

After meeting resistance in the area of 58.00, Cisco’s stock turned down and survived a substantial decline before finding support in the 51.00 area (May low, 200-day MA). Still, the price remains within the long-term uptrend, so the price action of the recent months was only a consolidation. Support is at 50.30 (50-week MA) and 49.00. Resistance is at 54.00. 



Thursday, August 15


EPS forecast: $1.14

Revenue forecast: $2.55B

According to the forecasts, Nvidia’s earnings have declined by more than 40% y/y, while revenue has contracted by 18.5%. Revenue from gaming, the company’s largest business, is expected to decline nearly 29% to $1.29 billion as more and more gamers switch from PCs to consoles and Nvidia’s products are not incorporated in the latter. 

Moreover, in the competitive graphics card market, Nvidia is facing tough competition from AMD. The firm has launched a new version of its flagship chip as an alternative to AMD’s new products. However, Nvidia has to sell its chips at low prices and this can’t be good for the company. To sum up, it seems that Nvidia has plenty of challenges ahead and its future looks uncertain.

Technically the stock has been consolidating after a sharp decline at the end of 2018. Resistance line connecting April and July highs provides resistance around 175.00. Support line connecting December and June lows is in the 136.00 area. The decline below 148.00 should open the way to the 200-week MA at 140.95.



Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera