Cisco Systems, Inc. (NASDAQ:CSCO) stock trading up


Dallas, Texas 08/09/2013 (Financialstrend) – Cisco Systems, Inc. (NASDAQ:CSCO) recently announced that it has coupled with Microsoft to enlarge its private plus hybrid cloud communications internationally. The company channel contacts and sales groups connected jointly with private cloud result for a serving the clientele to get better their data centres as well as by ETF Channel Cisco Systems has been included in the record of  Top 25 ”Dividend Giant”, it has been scheduled as it holds  $5.48 billion value of stock. In all the past four quarters the business has attained income approximation Cisco trades over than 13 times and the current fiscal 2013 earnings approximation of $2 per share. It has been declared that earnings increase superior than expected. Since 2012 cisco dividend has been increased twice this is made achievable by plentiful cash flow of the business. The corporation is one of some technology companies that make large quantity of cash.

The company also announced that for $180 million it purchased of Composite Software which is in ground of data-virtualization software & services. Cisco Systems, Inc which is concerned in the producing and marketing Internet protocols-based networking and other stuff related to the communications and Information Technology industry and connected stuff all over the world.

Cisco Systems, Inc. (NASDAQ:CSCO) had closed at $26.26 on Thursday, an increase of 0.54% in the share prices for the day. The stock had witnessed intraday prices moving from low value of $26.18 to high value of $26.32 per share. The company presently has 52 week low at $16.68 and 52 week high at $26.49 per share. Cisco Systems, Inc. (NASDAQ:CSCO) presently has 5.34 million outstanding shares in the market with an institutional ownership of 74 percent of the total capital. The stock had witnessed the exchange of 20.51 million shares on Thursday, while on an average trading volume is at 30.48million shares per day and the market capitalisation is at 140.34 billion.