Cisco Systems, Inc. (NASDAQ:CSCO) may be an uncrowned champion of Silicon Valley

  on Dec 17,2012 Posted in Business News ,Finance
 
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Cisco Systems, Inc. (NASDAQ:CSCO) is reported to have been involved in sponsoring a secret project designed to enhance data storage capability even further in coming years. This project is collectively funded by CSCO, Ignition Partners, RRE Ventures and Spring Mountain Capital. However, the loan came from Silicon Valley Bank SVB Financial Group (NASDAQ:SIVB).

Presumably, data storage enhancement project is by far from being a reality and therefore is proving to be centre of speculation in the market. But, the huge chunk of money going from CSCO towards WhipTail in order to finance the featured project is taken as a symbol of company’s financial strength.

Additionally, WhipTail has previously managed to procure $31m from the firms operating in Silicon Valley. Additionally, SanDisk has invested $75m in the concerned project. But, the results of these huge investments are yet to be seen in the longer run.

With market capitalization of $105.44 billion, Cisco Systems, Inc. (NASDAQ:CSCO) shares were trading within the range of $19.69-$20.00 while its opening price was $19.74. CSCO’s 5 years revenue rate remained 5.69% while its current ratio was 3.38 and debt to equity was 0.31. Its return on investment was 11.53%.

CSCO belongs to technology sector with industry of networking & communication devices and its archrivals include Alcatel Lucent SA (ALU) and Juniper Networks, Inc. (JNPR). Let’s have a look over opponents’ performance.

Alcatel Lucent SA (ADR) (NYSE:ALU) surged 12.73% to $1.24 with the total traded volume of 40.47 million shares and Juniper Networks, Inc. (NYSE:JNPR) moved up 1.19% to $19.59 with the total traded volume of 6.91 million shares.

CSCO is ahead of its 52 weeks low with 34.76% and lagging behind from its 52 weeks high price with -1.71%. CSCO’s last month’s stock price volatility remained 1.71%. The stock price of CSCO is moving forward from its 20 days moving average with +4.80% and remote positively from 50 days moving average with +8.74%.

CSCO’s current year earnings per share got a lift of 27.54% while its current quarter performance stayed at 4.09%. Company’s beta coefficient included 1.24. Beta factor calculates the amount of market risk linked with market trade.

 

 



 

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