Tech Company Stocks In Q1: Who Gained? Who Lost?
Submitted by Rick Whiting on
Cisco Systems
CEO: Chuck Robbins
Dec. 30, 2016: $30.22
March 31, 2017: $33.80
Change: +11.85%
In January Cisco announced a deal to buy AppDynamics, a provider of cloud application and business monitoring technology, for $3.7 billion. The acquisition was completed in March.
For its fiscal 2017 second quarter (ended Jan. 28) Cisco reported revenue of $11.58 billion, down 2.9 percent from $11.93 billion in the same period one year earlier. Net income for the second quarter was $2.35 billion, down 25 percent from $3.15 billion one year before.