|Bid||32.52 x 16500|
|Ask||32.53 x 26000|
|Day's Range||32.40 - 32.65|
|52 Week Range||29.12 - 34.60|
|PE Ratio (TTM)||17.13|
|Dividend & Yield||1.16 (3.58%)|
|1y Target Est||N/A|
Over the transom yesterday slipped from Summit Redstone’s Srini Nandury about things he’s learned while chatting with various unnamed sources in Silicon Valley. Among the interesting tidbits Nandury brings up is that Cisco Systems (CSCO) needs to buy NetApp (NTAP), that Pure Storage (PSTG) has sought to sell itself, and that Amazon’s (AMZN) AWS cloud computing service is turning off some customers with its pricing. NetApp shares are up $1.28, or 3%, at $41.92, today, lifted by an upgrade by Steve Milunovich of UBS, who this morning raised his rating to a Buy from Neutral, and raised hits price target to $45 from $42, writing that the company’s revamp of its software is helping revive its sales in the flash-memory-based storage category.
Viacom (VIAB) and Cisco ink a pact for improved video distribution network to facilitate broadcast of branded content across multiple linear, digital and mobile screens for viewers in North America.
With the former longtime CEO set to step down as chairman, the path is clear for his successor to make big acquisitions and other steps to overhaul Cisco's strategy and culture.