The soft interest rate regime is giving rise to companies like Cisco Systems, Inc. (NASDAQ:CSCO) to reduce their interest burden. Companies are approaching the money markets to roll over their costly debts to far cheaper options available with longer maturities. Cisco Systems, Inc. (NASDAQ:CSCO) stock opened at $21.97 in last session, and closed at $21.80, while the day range of CSCO stock is $21.70-$22.11.The stock showed a negative weekly performance of -1.49%.
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) stock opened at $26.99, in last session and closed at $26.74, by loosed -1.00%.The 52 week range was $15.62-$28.75.Company’s market capitalization is $13.40 billion.
Since coming public in July of 2012, Palo Alto Networks Inc. (NYSE:PANW) has had its ups and downs. Shares came public at $42 and climbed to more than $72 within a few months before beginning a slide brought on by a tough selling environment and increased competition. The stock posted its all-time high of $74.28 last Friday. It took a long time to get those last couple of bucks. Palo Alto Networks Inc (NYSE:PANW) stock loosed -1.85% and finished the last session at $71.15.The EPS of the stock remained -0.69.Company’s market capitalization is $5.27 billion.
Extreme Networks Inc. (NASDAQ:EXTR) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.01-0.06 for the period, compared to the Thomson Reuters consensus estimate of $0.08, American Banking News.com reports. The company issued revenue guidance of $140-155 million, compared to the consensus revenue estimate of $152.62 million. Extreme Networks, Inc (NASDAQ:EXTR) stock opened the session at $5.90, and closed the session at $5.73. The 52 week range of the EXTR stock remained $2.99-$8.14 and the day range was $5.71-$6.01.