SAN JOSE, Calif. – May 30 – Shares of networking hardware giant Cisco Systems Inc (CSCO) are experiencing a slight pullback in early trading on May 30th. As of 10:07 AM GMT-4, the technology bellwether was trading at 62.87 USD, down 0.18 USD or 0.29% for the current session.
The stock opened the day at 62.92 USD and saw some initial fluctuation, reaching an intraday high of 62.97 USD and dipping to a low of 62.54 USD. This current price point sits below the previous day’s closing figure of 63.05 USD, suggesting some profit-taking or cautious sentiment among investors in the early hours.
From a valuation perspective, Cisco Systems currently sports a Price-to-Earnings (P/E) ratio of 25.77. For investors focused on income, the company offers a dividend yield of 2.61%. Cisco’s market capitalization is reported at 24.83KCr.
Looking at its performance over the past year, Cisco’s stock has traded within a range, hitting a 52-week high of 66.50 USD and a 52-week low of 44.50 USD. Today’s price action places the stock well within this annual band, as market participants continue to assess its value in the dynamic tech sector.
