Cisco Systems, Inc. (NASDAQ:CSCO) shares scrambled


Dallas, Texas 08/02/2013 (Financialstrend) – Cisco Systems, Inc.(NASDAQ:CSCO) would be proclaiming fourth quarter and economic year 2013 results on August 14 through a meeting call. Cisco Systems, Inc. (NASDAQ:CSCO) scrambled higher yesterday, after scoring some optimistic brokerage care at Piper Jaffray. As a result, bullish gamblers grouped the tech concern, with roughly 119,000 calls moving hands during the sequence of the session. By difference, around 52,000 puts overlapped the tape. Mining deeper into the statistics, it looks as though a large number of traders are counting on Cisco Systems, Inc. to ascend into land last traveled in November 2007 within the next several weeks.

The stock’s 50-day moving typical is currently $24.9. The business has a market cap of $136.7 billion and a price-to-earnings relation of 14.07. Cisco Systems, Inc. (NASDAQ:CSCO) a business that projects, productions, and sells Internet protocol built networking and other products related to the transportations and information technology businesses worldwide is presently gaining in shares with higher volume of stock traded after Cisco completed Acquisition of Composite Software. Further, the recent expectations on the announcement of the full fiscal year results had also been effective to enable the stock to gain effectively to trade near the 52 week high price levels. Investors could look forward to make significant gains from these movements in the near future.

Cisco Systems, Inc. (NYSE:CSCO) made gain of 1.18% to close at $25.89 per share on Thursday with intraday movements ranging from low of $25.65 to high of $25.92 per share. The 52 week low price for the stock is at $15.65 per share and 52 week high price is at $26.15 per share. There are 5.34 Billion shares in the market with institutional ownership of 74%. The trading volume on Thursday was at 23.33 million shares with average level at 33.10 million shares per day.