Cisco Systems, Inc. (NASDAQ:CSCO) Starts New Week On An Upbeat Note – (CSCO, JNPR, ALU, HPQ)
Cisco Systems, Inc.(NASDAQ:CSCO) traded higher in the first trading session of this week after two different rating firms Oppenheimer and Deutsche Bank predicted that analysts with them are expecting strong results and outlook when it releases its quarterly profit report on Aug. 15. An analyst at Oppenheimer, Ittai Kidron said in a research note to clients that there is a sign that in the U.S, Cisco is expecting higher demands for its products while it still faces difficulties in the European market.
Kidron said that switching was considered a strong area while collaboration, wireless and security were mixed. He further said that moving forward the company has a solid pipeline for October but Europe is still a “headwind”. In other news, all through the 2012 Olympic Games, NBC Olympics, a division of the NBC Sports Group, is going to offer select guests in London a glance into the TV experience of the future with Cisco Videoscape™.
At the close of the trading day, Cisco Systems, Inc (NASDAQ:CSCO) shares rose +2.08% to settle at $16.69. Intraday trading was between $16.46 – $16.83. In the past year, the stock has traded within a range of $13.30 – $21.30. The last session’s volume of 32.13 million shares was down from the average daily trading volume of 40.56 million shares.
Another rival company Juniper Networks, Inc (NYSE:JNPR), traded up +3.04% moving to $18.63. Intraday trading recorded the stock price in a range between $18.14 – $18.71. In the previous 52 weeks the price has traded between $14.01 – $25.60. The last session’s volume of 10.74 million shares was up from their average daily trading volume of 9.70 million shares.
Alcatel Lucent SA (ADR) (NYSE:ALU) shares were up +2.59% to close at $1.19. The stock traded between $1.17 – $1.19 during the last trading session. In the last 12 months the shares have traded between $0.99 and $3.92. The last session’s volume of 4.37 million shares was lower than their average daily trading volume of 18.19 million shares.
Hewlett-Packard Company (NYSE:HPQ) shares in the last session were up +2.35% closing at $18.69. The stock traded in a range of $18.23 – $18.82. In the last year the stock has moved within a range of $17.41 – $34.00. The last session’s volume of 15.32 million shares was down from their average daily trading volume of 18.52 million shares.