Cisco Systems, Inc. (NASDAQ:CSCO) Shares Steady Moves Days After Meraki Acquisition - JNPR, RVBD, ARUN

Pompano Beach, FL -- (SBWIRE) -- 01/02/2013 -- Cisco Systems, Inc. (NASDAQ:CSCO), the networking and IT giant recently declared the acquisition of cloud networking expert and leader Meraki Inc.

Is CSCO a Solid Investment at These Levels? Read This Report For Details

Cisco is confident over this development move and stated that with this partnership company will be able to offer further software centric solutions to shorten network management. Cisco stated it will make fresh revenue opportunities for partners in addition to helping clients in empowering mobile personnel.

Meraki is in cloud corporate delivering easy to deploy on premise networking solutions for midmarket clients, providing a central management system from cloud. The workers from Meraki will unite Cloud Networking Group team of Cisco Inc.

At the current trading session, Cisco Systems, Inc. (NASDAQ:CSCO) shares are increased +2.55% to $20.14 while the stocks are trading within the range of $20.01 – $20.22. In the past year, the stock has traded within a range of $14.96 – $21.30. Average daily trading volume is 38.88 million shares.

Will CSCO Continue To Move Higher? Find Out Here

If we look at a few other hot stocks within industry, Juniper Networks, Inc, Riverbed Technology, Inc and Aruba Networks, Inc were in the gainers. Let’s have a quick look on their Market performance.

Juniper Networks, Inc. (NYSE:JNPR) shares are up +2.90% to $20.23 while the stock is trading within the range of $20.01 – $20.68 in the current trading session. In the last 12 months the shares have traded between $14.01 and $25.04. The average daily trading volume is 7.19 million shares.

For How Long JNPR’s Gloss will Attract Investors? Find out via this report

Riverbed Technology, Inc. (NASDAQ:RVBD) shares in the current session moved up +6.19% reaching $20.94. The stocks are trading in a range of $20.26 – $21.00. In the last year the stock has moved within a range of $13.30 – $30.73. The Company’s average daily trading volume is 3.68 million shares.

What was the Moving Force behind RVBD On Bullish Run? Read This Research Report

Another rival company, Aruba Networks, Inc. (NASDAQ:ARUN), is trading up +5.16% to $21.187. Intraday trading recorded the stock price in a range of $21.21 to $21.94. In the previous 52 weeks the stock’s price ranged between $12.36 and $25.00. Their average daily trading volume is 2.58 million shares.

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

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