Are due to report their earnings on Weds, fundamentally a very strong company but is not performing well on growth, that being said, it continues to hold on the 0.618 Fib at $46.
$CSCO has not missed on earnings since 2008, which is an incredible record.
My Wave C chart remains valid here as long as the price stays within the channel at $42, losing this level and the red first target is below at $28.