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.
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.