Cisco Systems, Inc. (NASDAQ: CSCO) saw a 0.9% increase in its stock price during midday trading on Tuesday, reaching $47.72. There were 2,766,506 shares traded, which was significantly lower than the average volume. Analysts have mixed ratings for the company, with some raising price targets and others maintaining a hold rating. The company recently announced its quarterly results, reporting higher than expected earnings per share. Cisco Systems also declared a quarterly dividend, offering a yield of 3.41%.
In terms of internal activity, several executive vice presidents at Cisco Systems have sold shares in recent transactions. These sales have amounted to a significant value in the last 90 days. Institutional investors have also made changes to their positions in the company, with various hedge funds adjusting their holdings.
Cisco Systems is a leading company in the information and communications technology industry. They offer a wide range of products, including switching, routing, wireless, and computing solutions. The company caters to customers across various regions globally.
Overall, Cisco Systems has been experiencing fluctuations in its stock price and analyst ratings. The company’s recent financial performance has been positive, but there are mixed views on its future prospects. Institutional investors continue to show interest in the company, indicating confidence in its long-term potential.
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