Goldman Sachs Recommends Cisco (CSCO) Straddles Ahead of EPS Print
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Option strategists at Goldman Sachs are recommending buying Cisco (Nasdaq: CSCO) Sept $15 straddles ahead of earnings on August 10th.
The firm notes that on average CSCO shares have moved +/-12% on earnings over the past 4Q, and +/-2% on A-Days. "With the potential for management to update longer term targets at the Analyst Day, this year’s move could be greater than average," the strategists notes.
The firm notes that on average CSCO shares have moved +/-12% on earnings over the past 4Q, and +/-2% on A-Days. "With the potential for management to update longer term targets at the Analyst Day, this year’s move could be greater than average," the strategists notes.
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