The San Jose, California based Cisco Systems, Inc (NASDAQ:CSCO) has appointed Barclays PLC (ADR) (NYSE:BCS) to find a buyer for Linksys, which produces routers for home wireless access, according to a person with knowledge about the issue.
The person, who refused to be identified as the process is secret, stated that the unit may lure the interest of TV set manufacturers looking a revamping brand and technology.
A spokeswoman of Cisco, the biggest manufacturer of equipment for computer networks, Karen Tillman and London-based Barclays spokesman Marc Hazelton refused to remark.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Ericsson (ADR) (NASDAQ:ERIC) rose +1.44% to settle at $9.84, Alcatel Lucent SA (ADR) (NYSE:ALU) moved up +12.73% to end at $1.24 while Juniper Networks, Inc. (NYSE:JNPR) jumped +1.19% to finish at $19.59 on Friday.
Cisco Systems, Inc. (NASDAQ:CSCO) last session’s volume of 40.80 million shares was surprisingly higher than its average volume of 43.47 million shares. The stock after opening at $19.74 hit high price of $20.00 and then closed at $19.86 by scoring +0.61%.
The liquidity measure in recent quarter results of the company was recorded 3.28 as current ratio and on the other side the debt to equity ratio was 3.38 and long-term debt to equity ratio remained at 0.31. The Company had total cash of $45.00 billion at hand and a book value per share as $9.92 in the most recent quarter.
The stock’s price volatility was 1.75% for a week and 1.71% for a month as well as price volatility’s Average True Range for 14 days was 0.38 and its beta remained at 1.24.
CSCO generated revenue of $46.68 billion in the previous twelve months and earned $8.36 billion. The Company showed a positive 17.90% in the net profit margin as well as in its operating margin which remained at 22.47%. Company’s annual sales growth for the past five years was 5.69%.
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