The tech sector on Thursday was supported by a rally from networking tycoon Cisco Systems Inc. (NASDAQ:CSCO), but Facebook Inc.’s (NASDAQ:FB) shares plunged after the termination of its post-IPO lockup phase.
Cisco (CSCO) shares climbed up 9.6%, to settle at $19.02, as the stock gave its best single-day percentage rise since August 2011. The force behind Cisco’s rally was the firm’s announcement of a 56% hike in its fiscal 4Q earnings, and stating that it would lift its quarterly dividend payment by almost 75%, to 14 cents per share.
In recent trading activity Cisco Systems, Inc. (NASDAQ:CSCO) held volume of 152.18 million shares with 5.36 billion shares outstanding and 5.35 billion shares floated in market. P/E ratio of the company was 14.09 and in the past twelve months the company scored revenue of 45.57 billion and had $7.36 billion in earnings. The stock gave a gross margin of +61.42% whereas operating margin was +20.06%.
CSCO kicked off the trading session $18.63 and during the session edged up 9.63% and finally settled at $19.02. The latest dividend per share paid to stockholders in recent quarter, also known as div/yield was 1.68 for the firm. Beta value, the measure of stock’s risk in relation to its market or alternative benchmark was 1.25.
The technology sector firm’s top rivals include Alcatel Lucent SA (ADR) (NYSE:ALU) that surged 4.39% to $1.19 with the total traded volume of 13.97 million shares and Juniper Networks, Inc. (NYSE:JNPR) that moved up 0.81% to $18.59 with the total traded volume of 9.92 million shares.
CSCO is ahead of its 52 week low 29.72% and lagging behind from its 52 week high price -9.94%. CSCO last month stock price volatility remained 2.42%. The stock price of CSCO is moving forward from its 20 days moving average with +15.73% and remote positively from 50 days moving average with +14.57%.