Ups And Downs: The Best And Worst Tech Stocks In The First Half Of 2017
Submitted by Rick Whiting on
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.