Cisco Systems (NASDAQ:CSCO) has tumbled 0.28% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.5% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.92% and the outperformance has advanced to 2.56% for the last 4 weeks period.
Cisco Systems (NASDAQ:CSCO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.88 and $28.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.95, notching a gain of 0.28% for the day. The total traded volume was 32,333,507 . The stock had closed at $28.87 on the previous day.
The company shares have dropped -0.28% from its 1 Year high price. On Oct 26, 2015, the shares registered one year high at $29.49 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $27.98 and the 200 Day Moving Average price is recorded at $26.86.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP & Chief Marketing Officer) of Cisco Systems, Inc., Walker Karen had sold 7,802 shares worth of $222,357 in a transaction dated June 15, 2016. In this transaction, 7,802 shares were sold at $28.5 per share.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, UBS, maintains their rating on the shares of Cisco Systems (NASDAQ:CSCO). UBS has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $32 per share from a prior target of $30. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 0.13% of Cisco Systems shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.5% . Institutional Investors own 75.87% of Cisco Systems shares. During last six month period, the net percent change held by insiders has seen a change of -18.49%.
Cisco System, Inc. (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use. The Company operates its business through three segments: The Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). It groups its products and technologies into the various categories, such as Switching, Next-Generation Network (NGN) Routing, Collaboration, Service Provider Video, Data Center, Wireless, Security, and Other Products. In addition to its product offerings, it provides a range of service offerings, including technical support services and advanced services.