A federal jury decided that San Jose, California-based Cisco Systems, Inc (NASDAQ:CSCO) must pay patent-licenser XpertUniverse Inc, based in New York, $70 million in civil fraud damages in connection with a failed partnership.
The jury of 6 women and 2 men in federal court in Wilmington, Delaware after a two-week trial also decided Cisco violated two patents for contacting experts online to answer questions and owes over $33,000 on those counts.
XpertUniverse took legal action against Cisco, the world’s biggest manufacturer of networking equipment, in 2009.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Arris Group, Inc. (NASDAQ:ARRS) fell -0.81% to settle at $17.10, Polycom Inc (NASDAQ:PLCM) moved down -1.49% to end at $11.23 while Motorola Solutions Inc (NYSE:MSI) jumped +1.89% to finish at $63.61 on Friday.
Cisco Systems, Inc. (NASDAQ:CSCO) last session’s volume of 39.90 million shares was surprisingly higher than its average volume of 36.85 million shares. The stock after opening at $20.93 hit high price of $21.07 and then closed at $20.75 by scoring -0.43%.
The liquidity measure in recent quarter results of the company was recorded 2.49 as current ratio and on the other side the debt to equity ratio was 0.46 and long-term debt to equity ratio remained at 0.42. The Company had total cash of $46.38 billion at hand and a book value per share as $10.43 in the most recent quarter.
The stock’s price volatility was 3.86% for a week and 3.49% for a month as well as price volatility’s Average True Range for 14 days was 0.37 and its beta remained at 1.33.
CSCO generated revenue of $7.98 billion in the previous twelve months. The Company showed a negative -10.62% in the net profit margin as well as in its operating margin which remained at -8.69%. Company’s annual sales growth for the past five years was 7.68%.
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