5 Worst Dow Components in April
Written by: Alexandra Zendrian
Tickers in this article:
JPM WMT BAC PG CSCO
Cisco
Shares of Cisco dropped 4.7% in April to $20.16.
The technology company announced earlier this month that it intends to acquire network management company ClearAccess. Cisco is interested in the software portion of the company; financial terms were not disclosed.
Shares of Cisco hit a 52-week high on April 2 of $21.30. The stock's 52-week low of $13.30 was set on Aug. 9.
Cisco's forward P/E is 10.14; the average for telecommunications equipment companies is 30.62. For comparison, Corning(GLW) has a lower forward P/E of 9.5.
Twenty-six of the 48 analysts who cover Cisco rated it buy. Twenty analysts gave the stock a hold rating and two rated it sell.
The stock has risen 10.51% year to date.
Wal-Mart
Shares of Wal-Mart fell 3.74% in April to $58.91.