Ups And Downs: The Best And Worst Tech Stocks In The First Half Of 2017

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Cisco Systems

CEO: Chuck Robbins

Dec. 30, 2016: $30.22

June 30, 2017: $31.30

Change: +3.57%

In January Cisco unveiled a deal to buy AppDynamics, a provider of cloud application and business monitoring technology, for $3.7 billion. The acquisition was completed in March.

In May Cisco struck deals to acquire two companies: artificial intelligence startup MindMeld for $125 million and software-defined WAN vendor Viptela for $610 million.

For its fiscal 2017 third quarter (ended April 29), Cisco reported revenue of $11.94 billion, down 0.5 percent from $12.00 billion in the same quarter one year earlier. Net income for the quarter was $2.52 billion, up 7 percent from $2.35 billion one year before.