NEW YORK – In a volatile trading session on Friday, technology giant Cisco Systems Inc. (CSCO) closed lower, but a late surge in after-hours trading is giving investors a dose of optimism heading into the new week.
Cisco shares ended the regular trading day at $64.09, down 1.55% or $1.01. The session saw the stock trade between a high of $64.72 and a low of $63.93, reflecting broader market uncertainty. The decline appeared to be driven by profit-taking, as the stock is trading near its 52-week high of $66.50, a testament to its strong performance over the past year.
However, the story didn’t end at the closing bell. In after-hours activity, Cisco shares ticked up to $64.19, erasing a portion of the day’s losses. This late-day buying interest suggests that investors may view the dip as a valuable entry point for the well-established tech leader.
Analysts point to several underlying strengths for Cisco that could fuel a rebound. The company boasts a healthy dividend yield of 2.56%, making it an attractive holding for income-focused investors, which can provide a floor for the stock during sell-offs.
Outlook for Monday:
The slight after-hours recovery for a market bellwether like Cisco could be a key indicator for Monday’s open. While the daytime session was negative, the willingness of buyers to step in after hours signals underlying confidence.
Investors will be closely watching to see if this positive momentum can carry over. If Cisco and other tech stocks open with strength, it could set a positive tone for the entire market, suggesting that Friday’s dip was a temporary pullback rather than the start of a new downward trend. All eyes will be on the opening bell to see if the bulls can build on this late-session resilience.
