Cisco Down Over 11%, On Pace for Largest Percent Decrease Since February 2011 -- Data Talk
August 13 2020 - 10:07AM
Dow Jones News
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
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
August 13, 2020 10:52 ET (14:52 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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