|Bid||31.65 x 500|
|Ask||31.77 x 200|
|Day's Range||32.06 - 32.47|
|52 Week Range||29.12 - 34.60|
|PE Ratio (TTM)||16.42|
|Dividend & Yield||1.16 (3.74%)|
|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.
CEO Chuck Robbins said the federal government resumed spending, which helped drive an uptick in public sector product orders.