The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

• Cisco cut FY24 guidance and issued second-quarter adjusted EPS and revenue guidance below estimates. "After customers implement large amounts of recently shipped product, we expect to see product order growth rates accelerate in the second half of the year," said Scott Herren, CFO of Cisco. It has a 52-week low of $45.56.
• RSI Value: 28.56
• CSCO Price Action: Shares of Cisco rose 1.1% to close at $48.27 on Monday.

• Edgio posted better-than-expected sales for the third quarter. "Edgio delivered record bookings in the third quarter, reflecting the strength of our momentum and our commitment to pursuing our transformation strategy," said Bob Lyons, President and CEO of Edgio. The company’s stock has a 52-week low of $0.45.
• RSI Value: 29.83
• EGIO Price Action: Shares of Edgio fell 3.8% to close at $0.5390 on Monday.