The America multinational provider of networking equipments Cisco Systems, Inc. (NASDAQ:CSCO) is all geared up to take entry in Cloud Computing sector. It has revealed to invest $1 billion in the coming two years to give tough competition to the leading retailer in the current market i.e.Amazon.com, Inc. (NASDAQ:AMZN). Among other plans of executing the strategy, the company revealed the intention of setting up data centers for facilitating cloud computing services. Cisco Systems, Inc. (NASDAQ:CSCO) shares after opening at $22.13 moved to $22.39 on last trade day and at the end of the day closed at $22.02. Company price to sales ratio in past twelve months was calculated as 2.44 and price to cash ratio as 2.48. Cisco Systems, Inc. (NASDAQ:CSCO) showed a positive weekly performance of 0.87%.
Several investment firms have updated their stock ratings and price targets on shares of Juniper Networks (NYSE: JNPR) in the last week: Juniper Networks had its “neutral” rating reaffirmed by analysts at Citigroup Inc.They now have a $28.00 price target on the stock, up previously from $27.00. Juniper Networks, Inc. (NYSE:JNPR) shares fell -1.44% in last trading session and ended the day on $25.33. 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 35.67%.
Finisar (NASDAQ:FNSR) was upgraded by investment analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a note issued to investors on Friday, AR Network reports. The firm currently has a $30.00 price target on the stock, up from their previous price target of $26.00. RBC Capital’s price objective would indicate a potential upside of 17.46% from the stock’s previous close. Finisar Corporation (NASDAQ:FNSR) shares moved down -1.26% in last trading session and was closed at $25.54, while trading in range of $25.25-$26.33. Finisar Corporation (NASDAQ:FNSR) year to date performance is 6.77%.
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) weekly performance is -9.26%. On last trading day company shares ended up $71.25. Palo Alto Networks Inc (NYSE:PANW) distance from 50-day simple moving average is 2.63%. Analysts mean target price for the company is $82.55.