|Bid||31.54 x 1000|
|Ask||31.68 x 600|
|Day's Range||32.06 - 32.47|
|52 Week Range||29.12 - 34.60|
|PE Ratio (TTM)||16.42|
|Dividend & Yield||1.16 (3.69%)|
|1y Target Est||N/A|
Cisco Shares Slide as Sales Decline for Seventh Straight Quarter
With its traditional business of making switches and routers struggling, Cisco, like other legacy technology firms, has been focusing on high-growth areas such as security, the Internet of Things and cloud computing. The security business, which offers firewall protection and breach detection systems, has been Cisco's fastest growing, until the last two quarter. Chief Executive Chuck Robbins, the architect of Cisco's transformation plan, said he had "zero concerns" about the security business, while Chief Financial Officer Kelly Kramer forecast an uptick in revenue in the next quarter.
Cisco Systems, Inc. (CSCO) just released its fourth-quarter and full-fiscal year 2017 financial results, posting earnings of $0.55 per share and revenues of $12.13 billion.