Cisco Systems (CSCO) : During the past 4 weeks, traders have been relatively bearish on Cisco Systems (CSCO), hence the stock is down -1% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.1% relative to the S&P 500. The 4-week change in the price of the stock is -0.62% and the stock has fallen -1.13% in the past 1 week.
Cisco Systems, Inc. is up 10.11% in the last 3-month period. Year-to-Date the stock performance stands at 15.32%. The stock has recorded a 20-day Moving Average of 0.95% and the 50-Day Moving Average is 2.91%.
Cisco Systems (NASDAQ:CSCO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.37 and $30.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.52, notching a gain of 0.13% for the day. The total traded volume was 25,131,345 . The stock had closed at $30.48 on the previous day.
Also, Major Brokerage house, Argus Research maintains its ratings on Cisco Systems (NASDAQ:CSCO). In the latest research report, Argus Research raises the target price from $34 per share to $37 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 19, 2016.
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.