A slow down? After three days of going up, Cisco is flat today, hovering around $47.76.

Published: January 25 2023, 19:36 GMT+0

A slow down? After three days of going up, Cisco is flat today, hovering around $47.76.

The networking and data center provider drops 0.1% in early trade and remains within touching distance of the $47.76 level.

  • Cisco discloses 38 cents per share dividend to be paid on Wednesday, January 25th

With the trading session well underway, Nasdaq is down 0.1% at 11,276. S&P 500 is down 0.1% at 4,002. Dow Jones is down 0.1% at 33,643. While Cisco is sideways today, the Technology sector as a whole is down 0.448%.

Cisco hit a significant low of $39.27 around 3 months ago, but has since recovered 21.75%. So far this year, it has been under-performing the Nasdaq by 8.63%. Cisco's market cap is currently $196.20 billion with an average daily trading volume of 15.44 million shares. $13.63 billion was Cisco's last reported revenue with 77 cents being the current EPS.

Also, the firm paid out a quarterly dividend of 38 cents per share on Wednesday, January 25th to all active shareholders as of Thursday, January 5th. Eligible investors secured a quarterly dividend yield of 3.18% for this year.

Meanwhile, mixed performances are seen in other technology stocks as after closing the previous session (yesterday) at $94.56, TSM lost $1.92 and is trading around $92.64. After closing the previous session (yesterday) at $177.04, Texas Instruments lost $2.89 and is trading around $174.15. After closing the previous session (yesterday) at $274.87, Accenture plc Class A (Ireland) lost $2.81 and is trading around $272.06.

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