Cisco Systems Inc. (NASDAQ:CSCO) has announced a $1 billion investment in what it calls its Intercloud, a linked chain of datacentres providing services designed to capitalize on the Internet of Things. Cisco Systems, Inc. (NASDAQ:CSCO) shares after opening at $22.84 moved to $23.00 on last trade day and at the end of the day closed at $22.89. Company price to sales ratio in past twelve months was calculated as 2.46 and price to cash ratio as 2.51. Cisco Systems, Inc. (NASDAQ:CSCO) showed a negative weekly performance of -0.22%.
Juniper Networks, Inc. (NYSE:JNPR), one of the major network infrastructure gear provider has announced its plans to trim down its workforce by 6%, which translates into 550 employees at a global level. Juniper Networks, Inc. (NYSE:JNPR) shares advanced 0.81% in last trading session and ended the day on $24.89. 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 37.21%.
As noted earlier, RBC Capital upgraded Finisar Corporation (NASDAQ:FNSR) to Outperform from Sector Perform. The firm thinks that the company could outperform its peers, as it benefits from a fixed cost model and better operating leverage. Target to $30 from $26. Finisar Corporation (NASDAQ:FNSR) shares moved up 1.30% in last trading session and was closed at $25.64, while trading in range of $24.67 – $25.87. Finisar Corporation (NASDAQ:FNSR) year to date (YTD) performance is 7.19%.
Aruba Networks, Inc. (NASDAQ:ARUN), a leading provider of next-generation network access solutions for the mobile enterprise, on 14 April announced the appointment of Graeme Kane as regional Hospitality Business Development Manager for GCC, Egypt & Turkey. Aruba Networks, Inc. (NASDAQ:ARUN) weekly performance is 5.76%. On last trading day company shares ended up $20.37. Aruba Networks, Inc. (NASDAQ:ARUN) distance from 50-day simple moving average (SMA50) is 1.86%. Analysts mean target price for the company is $23.50.
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