Cisco Systems, Inc. (NASDAQ:CSCO) captured attention in a big way this year, both specific to the channel, with all the programs it rolled out and top management changes it made, and in the broader industry, where it performed brightly versus struggling rivals such as Hewlett-Packard Company (NYSE:HPQ), Huawei and Juniper Networks, Inc. (NYSE:JNPR). Let’s have a quick look at the key Cisco news stories seen in 2012.[article_detail_ad_1]
Cisco made the leading services announcement in 15 years with the introduction of the Cisco Services Partner Program (CSPP).
Earlier this year, the company announced to end development of its Application Control Engine (ACE) load-balancer products and is now considering Citrix NetScaler as a replacement to ACE.
It has acquired Meraki, a competitor for midmarket cloud-managed and wireless LAN customers, in a deal worth $1.2B.
Cisco Cius was an addition to its other recent misfires such as the Flip video camera, Umi telepresence and Cisco Mail in the vendor’s product hall o’ shame.
Where the Cisco (CSCO) stock stands now?
The stock closed at $19.65, down -0.27 points or -1.36% from previous close and at a distance of +0.10% from 20-day simple moving average. In the last trading session, the stock’s price moved 8.87% above its 200 day moving average, changing hands as low as $19.45 per share. The stock is currently trading 6.21% down its SMA 50.
The share price performance over the last 12 months
The percentage change in the price over the past fifty two weeks remained at +8.68%. The price range in the same period had a highest hit of $21.30 on Apr 02, 2012 while lowest level during that period was $14.96 on Jul 25, 2012. The 1-year target price estimate, which is the median price target, as set by analysts covering the stock is $22.00. The stock in last 12 months gained 9.23% and has advanced 11.58% since the beginning of this year.
How the market shifts persuade this stock?
This stock is more risky when compared to the shifts in the equity markets as its beta value is standing at 1.24. To measure price-variation, we found this stock’s volatility over a week period was 1.67% and for the month was 1.69%.
Need expert advice?
The analyst mean recommendation for this week has been 2.2, same as was in the last week. The price target of $14.00 was the lowest while the highest price target was set as $25.00, according to 37 analysts surveyed by Thomson Reuters.