Cisco Systems Inc. (NASDAQ: CSCO) traded at a new 52-week high today of $58.98. Approximately 2.7 million shares have changed hands today, as compared to an average 30-day volume of 15 million shares.
Cisco Systems, Inc. is the world’s largest hardware and software supplier within the networking solutions sector. The infrastructure platforms group includes hardware and software products for switching, routing, data center, and wireless applications. Its applications portfolio contains collaboration, analytics, and Internet of Things products. The security segment contains Cisco’s firewall and software-defined security products. Services are Cisco’s technical support and advanced services offerings.
The company’s wide array of hardware is complemented with solutions for software-defined networking, analytics, and intent-based networking. In collaboration with Cisco’s initiative on growing software and services, its revenue model is focused on increasing subscriptions and recurring sales.
Cisco Systems Inc. share prices have moved between a 52-week high of $58.98 and a 52-week low of $35.28 and are now trading 67% above that low price at $58.91 per share.
Based on a current price of $58.91, Cisco Systems Inc. is currently 13.1% above its average consensus analyst price target of $51.22.
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