NEW YORK – Shares of networking giant Cisco Systems Inc. (NASDAQ: CSCO) posted solid gains during the latest trading session, closing on an upward trajectory as the stock inches closer to its yearly peak. The tech bellwether finished the day at
0.40 (0.59%).
Investors witnessed a dynamic session for Cisco stock, which opened at $68.38. After a brief morning dip to a low of $68.07, the stock mounted a steady climb throughout the day, ultimately reaching an intraday high of $68.82 before settling slightly lower at the close. This performance outpaced its previous close of $68.29.
This recent price action puts Cisco’s stock within striking distance of its 52-week high of $69.55, a significant milestone for shareholders. The stock has demonstrated considerable strength over the past year, rallying from a 52-week low of $44.50.
Key financial metrics for the company remain a focus for the market, with a current P/E ratio of 28.15 and a dividend yield of 2.39%. Following the market’s close, early pre-market indicators suggest continued positive sentiment, with the stock trading up an additional 0.12% to $68.77.
