12 Aug Specialist Jon Cartu Announced – Cisco Systems Inc. (CSCO) Closes 1.13% Down on the Day for…
Shares of Cisco Systems Inc. (CSCO) ended the trading day Wednesday at $47.19,
representing a move of -1.13%, or $0.54 per share, on volume of 18.86 million shares.
Cisco Systems, Inc. is the world’s largest hardware and software supplier within the networking solutions sector. The infrastructure platforms group includes hardware and software products for switching, routing, data center, and wireless applications. Its applications portfolio contains collaboration, analytics, and Internet of Things products. The security segment contains Cisco’s firewall and software-defined security products. Services are Cisco’s technical support and advanced services offerings. The company’s wide array of hardware is complemented with solutions for software-defined networking, analytics, and intent-based networking. In collaboration with Cisco’s initiative on growing software and services, its revenue model is focused on increasing subscriptions and recurring sales.
After opening the trading day at $47.90, shares of Cisco Systems Inc. traded between a range of $47.09 and $48.45. Cisco Systems Inc. currently has a total float of 4.22 billion
shares and on average sees n/a shares exchange hands each day.
The stock now has a 50-day SMA of $n/a and 200-day SMA of $n/a, and it has a high of $53.08 and low of $32.41 over the last year.
Cisco Systems Inc. is based out of San Jose, CA, and has 75,900 employees. The company’s CEO is .
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The Dow Jones Industrial Average is the oldest and most-often cited stock market index for the American equities market. Along
with other major indices such as the S&P 500 and Nasdaq, it remains one of the most visible representations of the stock market to the outside world. The index consists of 30 blue chip companies and
is a price-weighted index as opposed to a market-cap weighted index. This approach has made it somewhat controversial among market watchers. (See: Opinion: The DJIA is a Relic and We Need to Move On)
The history of the index dates all the way back to 1896 when it was first created by Charles Dow, the legendary founding editor of the Wall Street Journal and founder of Dow Jones & Company, and
Edward Jones, a statistician. The price-weighted, scaled index has since become a standard part of most major daily news recaps and has seen dozens of different companies pass through its ranks,
with only General Electric ($GE) remaining on the index since its inception.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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