Cisco Systems (NASDAQ: CSCO) had its low price target to $ 30 from $ 32 by Oppenheimer, while the company maintains an outperform rating on the stock.
The decrease in stock of 1.30% or $ 0.31 during the last trading session, reaching $ 23.48. Approximately 23.85 million shares traded hands. Cisco Systems, Inc. (NASDAQ: CSCO) fell 16.23% from June 25, 2015 and is downtrending. It underperformed the 8.52% of the S & P500 was obtained.
Cisco Systems, Inc. designs, manufactures and sells network Internet Protocol (IP) based and related information technology and communications industry in the world services. It provides switching products, including modular and fixed switches configuration, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points and servers; and next generation products connecting to the public network routing and private cable and wireless networks for mobile applications, data, voice and video. Currently, the company provides the infrastructure service provider video, including decoders, products / access for cable and cable modems; and video solutions and software. It also provides collaboration products including products unified communications, conferencing products, telepresence systems, and enterprise mobile messaging products; products for data centers, virtualization solutions such as blade, rack and modular servers, interconnects web, software, server access and; Security products, including network security and data center, advanced threat protection, web and email security, access and policy, unified threat management, and advice from integration and managed services; and other products, such as emerging technologies and other network products.
In addition, the company provides wireless products, consisting of wireless access points; Network management services; and autonomous switch-convergent solutions and managed cloud. It also provides technical support services and advanced services. The company serves companies of all sizes, public institutions, governments and providers of communications services. Cisco Systems, Inc. sells products directly ITS as well as through distribution partners such as systems integrators, service providers, other resellers and distributors. The company was founded in 1984 and is headquartered in San Jose, California.
