Cisco Shares on Track for Highest Close Since 2001
November 16 2017 - 12:52PM
Dow Jones News
Shares of Cisco Systems Inc. (CSCO) are on track to close at
their highest level since 2001, as the company said it expects to
return to revenue growth during the current quarter. Shares are up
5.8% to $36.08. Closing at that level would be the highest since
early 2001, when it closed at $38.25. Cisco has been attempting to
drive more revenue through recurring sales and said it now has
1,100 customers for its latest Catalyst 9000 switches, up from 200
customers previously. (austen.hufford@wsj.com; @austenhufford)
(END) Dow Jones Newswires
November 16, 2017 12:37 ET (17:37 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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