Technology companies have been fighting the menace of ‘patent trolls’ in recent years. Now, it’s Cisco Systems, Inc. (NASDAQ:CSCO)’s turn. The neutral term for patent trolls is ‘non practicing entities.’ The modus operandi of these NPEs can amount to a form of extortion where they seek fat licensing fees from operating companies for patents the NPEs have acquired in the open market. When the NPEs fail to persuade these giant companies to pay them license fees, the NPEs file multi-billion dollar patent infringement suits. Cisco Systems, Inc. (NASDAQ:CSCO) shares after opening at $22.09 moved to $22.54 on last trade day and at the end of the day closed at $22.33. Company price to sales ratio in past twelve months was calculated as 2.47 and price to cash ratio as 2.51. Cisco Systems, Inc. (NASDAQ:CSCO) showed a positive weekly performance of 3.19%.
Juniper Networks (NYSE:JNPR) was downgraded by analysts at Piper Jaffray from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $28.00 price target on the stock. Piper Jaffray’s price objective would suggest a potential upside of 3.67% from the company’s current price. Juniper Networks, Inc. (NYSE:JNPR) shares advanced 1.14% in last trading session and ended the day on $25.62. JNPR return on equity ratio is recorded as 6.10% and its return on assets is 4.40%. Juniper Networks, Inc. (NYSE:JNPR) yearly performance is 38.19%.
Palo Alto Networks Inc (NYSE:PANW) has acquired Israeli cyber security firm Cyvera for $200 million. Cyvera will bolster Palo Alto Networks’ enterprise security platform by adding real-time malware prevention software that has a goal of protecting the endpoint. The transaction is expected to close in the second half of fiscal 2014. Palo Alto Networks Inc (NYSE:PANW) shares moved down -2.09% in last trading session and was closed at $69.79, while trading in range of $67.00-$70.72. Palo Alto Networks Inc (NYSE:PANW) year to date performance is 21.39%.
Finisar Corporation (NASDAQ:FNSR) reversed back from its previous highs on Monday. The company that is a provider of optical components used for the purpose of data communication and telecom application, rallied last week after the analyst from Stifel upgraded the fellow component maker, Infinera. The research firm placed a ‘buy’ rating from that of ‘hold’ now on the stock. Finisar Corporation (NASDAQ:FNSR) weekly performance is -6.05%. On last trading day company shares ended up $26.09. Finisar Corporation (NASDAQ:FNSR) distance from 50-day simple moving average is 8.96%. Analysts mean target price for the company is $28.32.
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