Cisco is growing its four-day winning streak by closing at $47.98, gaining 0.36%.

Published: January 25 2023, 23:56 GMT+0

Cisco is growing its four-day winning streak by closing at $47.98, gaining 0.36%.

Today at a glance: Cisco Systems recovered from the previous trading session's losses and went up to $47.98 today after it traded lower at $47.23.

  • Trading volume totalled 14 million which equates to around 91% of the stock's 21-day average today.
  • Cisco discloses 38 cents per share dividend to be paid on Wednesday, January 25th

With around 14 hours until market open on the NASDAQ, today's session saw to it that after losing 0.18%, Nasdaq closed at 11,300 today. S&P 500 performed relatively strongly, finishing the day at 4,016.22. Dow Jones performed relatively strongly, finishing the day at 33,744. Cisco was largely unchanged while the broader Technology sector added 0.36%.

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 doing worse than the Nasdaq by 8.44%. The company's market cap currently stands at $197.11 billion with an average daily volume of 15.44 million shares. Cisco's last revenue report was $13.63 billion with an EPS of 77 cents.

Cisco disclosed a quarterly dividend of 38 cents per share on Wednesday, December 7th that was paid on Wednesday, January 25th to all shareholders of record up until Thursday, January 5th. Based on current prices, the company's decision thereby provides Cisco investors with an annual dividend yield of 3.17%.

This rally in Cisco's share price coincided with other technology stocks as ASML Holding added 1.72% to its value, and traded at $681.53.

Cisco went up today, yet these technology stocks did not follow — TSM slides down 2.27% today to close at $94.56. Texas Instruments slides down 1.13% today to close at $177.04.

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