Cisco Down Over 11%, On Pace for Largest Percent Decrease Since February 2011 | CSCO Message Board Posts

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Msg  527 of 529  at  8/13/2020 1:23:44 PM  by

jerrykrause


Cisco Down Over 11%, On Pace for Largest Percent Decrease Since February 2011

 Cisco Down Over 11%, On Pace for Largest Percent Decrease Since February 2011 -- Data Talk
 
Dow Jones
 
Cisco Systems, Inc. (CSCO) is currently at $42.70, down $5.40 or 11.22%

-- Would be lowest close since May 13, 2020, when it closed at $41.95

-- On pace for largest percent decrease since Feb. 10, 2011, when it fell 14.16%

-- On Wednesday, Cisco Systems Inc. said finance chief Kelly Kramer plans to leave the network-equipment company after more than five years in the position

-- Cisco Systems Inc. said it would adjust investment plans and pursue deep cost cuts as customer priorities have shifted during the coronavirus pandemic, which contributed to the company posting the first annual revenue decline in three years

-- The company estimated the restructuring hit to the current quarter's results at 13 cents to 15 cents a share. It said it expects to generate 41 cents to 47 cents a share profit in the quarter with revenue declining 9% to 11%. Analysts surveyed by FactSet have forecast an adjusted profit of 75 cents a share with revenue falling about 7% to $12.23 billion

-- Currently down three of the past five days

-- Down 9.33% month-to-date

-- Down 10.96% year-to-date

-- Down 46.66% from its all-time closing high of $80.06 on March 27, 2000

-- Down 7.66% from 52 weeks ago (Aug. 15, 2019), when it closed at $46.25

-- Down 14.64% from its 52-week closing high of $50.03 on Sept. 13, 2019

-- Up 28.63% from its 52-week closing low of $33.20 on March 12, 2020

-- Traded as low as $42.49; lowest intraday level since May 13, 2020, when it hit $41.31

-- Down 11.66% at today's intraday low; largest intraday percent decrease since March 16, 2020, when it fell as much as 13.92%

-- Worst performer in the DJIA today

-- Worst performer in the S&P 500 today

-- Most active stock in the S&P 500 today

-- Worst performer in the Nasdaq 100 today

-- Most active stock in the Nasdaq 100 today

-- Subtracted 37.04 points from the DJIA so far today

All data as of 10:26:30 AM 


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