Shares of Cisco Systems Inc. (NASDAQ:CSCO) traded at a new 12-month high today of $61.33. Approximately 3 million shares have changed hands today, as compared to an average 30-day volume of 26.2 million shares.
Cisco Systems Inc. is the world’s largest hardware and software supplier within the networking solutions sector. The infrastructure platforms group includes hardware and software products for switching, routing, data center, and wireless applications. Its applications portfolio contains collaboration, analytics, and Internet of Things products. The security segment contains Cisco’s firewall and software-defined security products. Services are Cisco’s technical support and advanced services offerings. The company’s wide array of hardware is complemented with solutions for software-defined networking, analytics, and intent-based networking. In collaboration with Cisco’s initiative on growing software and services, its revenue model is focused on increasing subscriptions and recurring sales.
Over the past year, Cisco Systems Inc. has traded in a range of $43.35 to $61.33 and is now at $60.78, 40% above that low.
Cisco Systems Inc. defies analysts with a current price ($60.78) 7.9% above its average consensus price target of $56.00.
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