Cisco Systems, Inc. (NASDAQ:CSCO) Draws a Downgrade at JP Morgan; Now Holds Underweight Rating - RVBD, EXTR, DGII

Pompano Beach, FL -- (SBWIRE) -- 01/17/2013 -- Cisco Systems, Inc. (NASDAQ:CSCO) was downgraded by JP Morgan to Underweight from Neutral and trimmed the price estimate by $2.00 to $18.00 from $20.00.

JP Morgan commented that they think Cisco is exposed to lethargic enterprise spending. They similarly see Cisco's risk/reward profile as further challenged at the existing share price.

How Should Investors Trade CSCO Now? Don’t Miss out a Special Trend Analysis

They further stated that regardless of focusing on its fundamental businesses again, restructuring its operations and giving priority to margins and earnings over revenue expansion, they think positive investor sentiment and Cisco’s shares have gotten ahead of themselves. They think investors should be using Cisco as a source of funds from existing levels.

Cisco Systems, Inc. (NASDAQ:CSCO) shares so far in this session lost -0.55% to $20.91 with the Stock being traded within the range of $20.78 – $21.03. In the past year, it has not traded below $14.96 and was unable to surpass $21.30. The current session’s volume of 12.93 million shares is down from the average daily trading volume of 38.29 million shares.

Will CSCO Get Buyers Even After The Recent Rally? Find Out Here

Turning to some other stocks in the same industry, Riverbed Technology, Inc., Extreme Networks, Inc and Digi International Inc. are in the top gainers list. Below in this article, we will have a quick look on their Market performance.

So far in the ongoing trade, Riverbed Technology, Inc. (NASDAQ:RVBD) shares are up +2.34% to $20.53 while the stock has traded within the range of $20.20– $20.74. In the last 52-week period, shares changed hands between $13.30 and $30.73. The current session’s volume of 1.04 million shares is lower than their average daily trading volume of 3.38 million shares.

Will RVBD Continue To Move Higher? Find Out Here

Extreme Networks, Inc (NASDAQ:EXTR) shares in the current session moved up +1.20% reaching at $3.79. The stock traded in a range of $3.73 – $3.79. In the last year the stock has moved within a range of $2.87 – $4.43. The current session’s volume of 19,265 shares is lower from their average daily trading volume of 413,797 shares.

Why Should Investors Buy EXTR After The Recent Gain? Just Go Here and Find Out

Another rival company, Digi International Inc. (NASDAQ:DGII) is at a premium of +1.28% to $10.25. In today’s trading so far, the stock price was found in a range of $10.18 and $10.25. In the previous 52 weeks the stock’s price ranged between $8.12 and $12.58. The current session’s volume of 920 shares was higher from their average daily trading volume of 122,969 shares.

For How Long DGII will Fight for Profitability? Read This Trend Analysis report

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