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

0
677

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.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.