Cisco Systems Up Nearly 6% After 3Q Earnings Beat -- Data Talk

Cisco Systems Inc. (CSCO) is currently at $55.52, up $3.08 or 5.86%

-- Would be highest close since May 1, 2019, when it closed at $55.58

-- On pace for largest percent increase since Feb. 11, 2016, when it rose 9.64%

-- Earlier Thursday, Credit Suisse and Morgan Stanley raised their price target for Cisco Systems, Benzinga reported

-- On Wednesday, Cisco Systems reported third-quarter results that beat Wall Street targets and the company said it sees a "very minimal impact" from higher tariffs from a U.S.-China trade clash

-- Currently up four of the past five days

-- Currently up three consecutive days; up 8.22% over this period

-- Best three day stretch since the three days ending Feb. 15, 2018, when it rose 8.57%

-- Up 28.12% year-to-date

-- Traded as high as $55.62; highest intraday level since May 2, 2019, when it hit $55.89

-- Up 6.06% at today's intraday high; largest intraday percent increase since Nov. 15, 2018, when it rose as much as 6.25%

-- Best performer in the DJIA today

-- Best performer in the S&P 500 today

-- Best performer in the Nasdaq 100 today

-- Contributed 20.88 points to the DJIA so far today

All data as of 11:01:50 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 16, 2019 11:25 ET (15:25 GMT)

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