Economy

Cisco set to acquire Broadsoft

The SI to Tenax Therapeutics Incorporated's float is 9.94%. The stock increased 0.97% or $0.23 during the last trading session, reaching $23.83. General Electric Company (NYSE:GE) has declined 4.46% since October 23, 2016 and is downtrending. It has underperformed by 3.50% the S&P500. Finally, Lenox Wealth Management Inc. increased its position in shares of Cisco Systems by 35.0% in the second quarter. Santa Barbara Asset Management Llc acquired 994,672 shares as Cisco Sys Inc (CSCO)'s stock declined 7.50%. The firm's revenue for the quarter was down 4.0% compared to the same quarter a year ago. More interesting news about Cisco Systems, Inc. The stock traded within a range of $34.01 and $34.39. About 5,622 shares traded.

Cisco has announced its intention to acquire BroadSoft in a deal worth $1.9 billion. It has underperformed by 3.50% the S&P500.

Tenax Therapeutics, Inc.is a specialty pharmaceutical company. The stock has a market cap of $151.70 billion, a P/E ratio of 14.46 and a beta of 1.38. The Firm is focused on identifying, developing and commercializing products for the critical care market.

Investors sentiment decreased to 0.79 in Q2 2017. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. It increased, as 90 investors sold CSCO shares while 594 reduced holdings. 111 funds opened positions while 598 raised stakes. It also increased its holding in Ishares Lehman Intermediate Cr (CIU) by 17,267 shares in the quarter, for a total of 93,534 shares, and has risen its stake in Ishares Trust Currency (HEFA).

Cisco Systems, Inc. (CSCO) has a Return on Assets of 7.6 percent, Return on Investment of 9.3 percent and a Return on Equity of 14.9 percent. (NASDAQ:CSCO) for 24,004 shares. Cisco Systems Inc. had 114 analyst reports since August 4, 2015 according to SRatingsIntel.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 77.6 Percent. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) for 64,800 shares. 414.66 million shares or 0.17% more from 413.94 million shares in 2017Q1 were reported. Catalyst Advisors Ltd Llc reported 60,900 shares. (NASDAQ:CSCO) has an average volume of 19.21 Million. Windsor Gp Ltd Liability Corporation owns 134,634 shares for 1.97% of their portfolio. Cisco Systems has a 1-year low of $29.12 and a 1-year high of $34.60. (NASDAQ:CSCO) for 106,641 shares. Park Natl Oh owns 172,596 shares for 0.52% of their portfolio. On average, analysts expect that Cisco Systems will post $2.43 earnings per share for the current year. Therefore 62% are positive.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. J.P. Morgan maintained Cisco Systems, Inc. The company was upgraded on Wednesday, September 16 by Credit Suisse. The stock has "Overweight" rating by Pacific Crest on Wednesday, January 13. The rating was maintained by RBC Capital Markets on Thursday, March 23 with "Positive". Drexel Hamilton maintained it with "Buy" rating and $3900 target in Tuesday, August 15 report. The rating was maintained by BMO Capital Markets with "Buy" on Tuesday, September 5. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have given a buy rating to the company's stock.



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