Cisco Systems, Inc. (NASDAQ:CSCO) has started a bribery related investigation into its operations in Russia and neighboring countries at the request of the U.S. Securities and Exchange Commission and the U.S. Department of Justice Cisco Systems, Inc. (NASDAQ:CSCO) shares after opening at $21.55 moved to $21.65 on last trade day and at the end of the day closed at $21.35.Company price to sales ratio in past twelve months was calculated as 2.36 and price to cash ratio as 2.40. Cisco Systems, Inc. (NASDAQ:CSCO) showed a negative weekly performance of -1.57%.
Elliott and its affiliates increased its stockholdings in Juniper Networks, Inc. (NYSE:JNPR) to 36,915,600 shares or 7.4% based on its latest 13D filing with the Securities and Exchange Commission (SEC). The activist hedge fund previously owned a 6.2% stake in the computer-networking company. Juniper Networks, Inc. (NYSE:JNPR) shares advanced 2.03% 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 24.91%.
Raymond James analyst Simon Leopold, Georgios Kyriakopoulos, and Victor Chiu turn their analytical skills to Finisar Corporation (NASDAQ:FNSR) as they maintain a Strong Buy rating on the company. We maintain our Strong Buy rating on Finisar Corporation (NASDAQ:FNSR) and expect the stock to trade higher considering negative sentiment. Sales trends in the Datacom segment remain strong, and a better outlook reflects a combination of this along with the u2t acquisition that appears to more than offset headwinds suspected from key customer Cisco Systems, Inc. (NASDAQ:CSCO). Finisar Corporation (NASDAQ:FNSR) shares moved up 2.59% in last trading session and was closed at $24.55, while trading in range of $23.79-$24.96. Finisar Corporation (NASDAQ:FNSR) year to date performance is 2.63%.
Effective April 1, 2014, Rajiv Batra, a named executive officer of Palo Alto Networks, Inc. (NYSE: PANW), will assume a new role of Founder in which he will provide strategic technology guidance and customer-facing sales support. Mr. Batra will no longer serve as the Company’s Senior Vice President, Engineering. Effective April 1, 2014, Wilson Xu will be promoted to Senior Vice President, Engineering. Mr. Xu will report to Mark McLaughlin, the Company’s President and Chief Executive Officer and will be responsible for overseeing the Company’s Engineering organization. Palo Alto Networks Inc (NYSE:PANW) weekly performance is -0.43%. On last trading day company shares ended up $76.79. Palo Alto Networks Inc (NYSE:PANW) distance from 50-day simple moving average is 15.78%. Analysts mean target price for the company is $81.74.