Boston, MA 10/02/2013 (wallstreetpr) – Cisco Systems, Inc (NASDAQ:CSCO) started trading ex-dividend yesterday. The cash dividend-payment of $0.17/share is slated to be paid out on 23 October 2013. Shareholders who have bought the company’s stock before the ex-dividend date will be eligible for the cash dividend payment.
In separate news, the ISI Group upgraded Cisco Systems, Inc (NASDAQ:CSCO) from “cautious” to “neutral” on 15 August and the FBR capital had upgraded the stock from an “underperform” to a “market perform” rating. Standpoint Research downgraded the company stock from “buy” to “hold”. The average PT for the stock is $26.34.
Tuesday’s trading
In Tuesday’s trading, Cisco Systems, Inc (NASDAQ:CSCO) dropped by 0.09%. The shares opened at a price of $23.33, climbed to an intraday high of $23.48 and dipped to a close of $23.24. Approximately 30.14 million shares were traded on Tuesday while an average volume of 33.26 million shares were traded over a 30 day period. The 52-week low of the company’s shares is $16.68 and its 52-week high is $26.49. The company has a market capitalization of $125.24
About the company
Cisco Systems, Inc (NASDAQ:CSCO) is engaged in designing, manufacturing and selling Internet protocol -based networking and various other products that are related to the IT and communications industry. It provides services that are associated with these products as well as their use. The company provides a range of products that are used for transporting voice, data and video in public areas, in buildings and across the world. Its products are specifically designed to transform the manner in which people communicate, connect, and collaborate.
The company has 5 business segments- 1) United States and Canada,2)European Markets, 3)Emerging Markets, 4) Asia Pacific, and 5) Japan. In 2013 May it acquired Ubiquisys. In 2013 July Cisco Systems, Inc (NASDAQ:CSCO) announced that it had completed the acquisition of JouleX. This is a privately-held enterprise IT energy-management for network attached and data-center assets.
