This information comes from the SEC’s Form 13F, which is a quarterly report filed by institutional investors with the Securities and Exchange Commission. Form 13F reports details about the holdings of institutional investors, including the number of shares they own and the value of their holdings. The Form 13F filing also revealed that Lee Danner & Bass Inc. has a significant stake in Cisco Systems, Inc.
is a multinational networking and telecommunications equipment manufacturer. The provided summary provides key financial data for Cisco Systems stock. However, it lacks context and explanation. Here’s a comprehensive analysis of Cisco Systems’ stock performance, incorporating relevant background information and exploring the potential drivers behind its recent stock movements. **Cisco Systems: A Legacy of Innovation**
Cisco Systems has a rich history in the networking and telecommunications industries, having emerged as a pioneer in the development of routers, switches, and other networking infrastructure.
Analysts are optimistic about Cisco Systems’s future prospects, predicting a 10% annualized growth rate for the next five years. This growth is expected to be driven by the expansion of the cloud computing market, the increasing adoption of 5G technology, and the growing demand for cybersecurity solutions. **Key Points:**
* **Dividend Announcement:** Cisco Systems announced a quarterly dividend of $0.40 per share, payable on October 23rd. * **Dividend Yield:** The dividend yield is 3.17%, reflecting a $1.60 annualized dividend.
* Cisco Systems Inc. insider activity has been a subject of recent attention. * Maria Victoria Wong, SVP of Cisco Systems Inc., recently sold a significant portion of her stock. * This insider activity has raised concerns about potential market manipulation.
The company’s core business is networking, with a focus on routers, switches, and other networking equipment. Cisco’s products are used by businesses of all sizes, from small startups to large multinational corporations. Cisco’s history dates back to 1984, when two engineers, Leonard Bosack and Sandy Lerner, founded the company in Silicon Valley. The company’s early success was driven by the development of the first commercially available Ethernet network interface card (NIC).