Examining Options & Block Trading Activity for Cisco Systems (CSCO)

Posted on 04/03/2013 by Jane Lacave

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NEW YORK (AVAFIN) -- A total of 54 block trades were executed during the market session, typically at least 10,000 shares or more represent a single block unit. Block trading activity shows that $21,519,748 worth of shares were bought and $9,988,878 worth of shares were sold by institutional investors. The positive net cash flow of $11,530,869 into the stock shows that investment houses have positive outlook for shares of Cisco Systems.

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On the options side, investors traded a total of 514,938 contracts. Specifically, 469,317 call and 45,621 put contracts were traded yesterday yielding a 0.10 put/call ratio.

After years of seemingly unobstructed dominance in Layer 2-3 switches, Cisco now faces increasing competition from legacy and emerging vendors. Ongoing gross margin and revenue pressures are a given; longer-term industry structure is still up for debate. Additionaly, WAN optimization appliances and application switches fall within the purview of network administrators, generate high gross margins, and should be a relatively straightforward market segment for Cisco to dominate. Cisco's inability to compete effectively in these high-growth areas suggests the firm doesn't fully understand its customers' needs or has lost focus on emerging networking technologies.

Shares of CSCO opened today at $21.29 and settled the day down $0.02 to $21.20 during the session. The day's trading range is between $21.11 and $21.37 respectively. Performance indicators show that the stock has gained 1.87% within the last month. On the volume side, 29M shares were traded which is less than the average volume of 35M shares. Cisco Systems is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $14.96 and 52 week high is $21.98. The stock has a P/E ratio of 12.20 and a dividend yield of 1.70%.

Cisco Systems, Inc. designs, manufactures and sells Internet Protocol based networking and other products related to the communications and information technology industry and provides services associated with these products and their use.

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