Cisco Systems, Inc. (NASDAQ:CSCO) has joined Microsoft to expand its private and hybrid cloud infrastructure globally


Dallas, Texas 07/15/2013 (Financialstrend) – On Friday, Cisco Systems, Inc. (NASDAQ:CSCO) announced that its acquisition of Composite Software which operates in the field of data-virtualization software & services has been finalized for an aggregate value of $180 million. Cisco Systems, Inc which is involved in the manufacturing and marketing of Internet protocols-based networking and other products has been associated with the communications and Information Technology businesses and related items all over the globe.

Recently, Cisco Systems, Inc. (NASDAQ:CSCO) announced it has joined Microsoft which is a software giant to expand its private as well as hybrid cloud infrastructure globally. The firm’s channel associates and sales groups joined together with private cloud solutions for helping the clientele to improve its data centres. In addition, through the ETF Channel, Cisco Systems has been added to the list of  Top 25 ”Dividend Giant” as it holds $5.48B worth of stock. In each of the last four quarters, the company has beat the earnings estimates and Cisco currently trades at more than 13 times the consensus fiscal 2013 earnings estimate of $2 per share. Since 2012 Cisco’s dividend has been doubled and this was made possible by abundant cash flows.

Cisco Systems, Inc. (NASDAQ: CSCO) currently trading at $25.79, down by 0.58%. During the day, the stock was fluctuating between a low intraday price of $25.64 to a high intraday price of $25.86 per share. The stock currently has a 52-week low of $14.96 and a 52-week high of $25.95 per share. Cisco Systems currently has a market cap of $138.63 billion with around 5.34 billion outstanding shares in the market and institutional ownership in the company is 74 percent of the total equity capital. The stock witnessed active trading in around 28.41 million shares on Friday, while the average level of trading activity for the stock is 36.00 million shares per day.