Uptrend Stocks: Cisco Systems, Inc. (NASDAQ:CSCO), Jacobs Engineering Group Inc. (NYSE:JEC), Seagate Technology Public Limited Company (NASDAQ:STX)

April 26, 2023 3:51 am16 commentsViews: 60

Cisco Systems, Inc. (NASDAQ:CSCO) expected to host a Tech Talk with Goldman Sachs to discuss Cisco’s Internet of Things strategy, customer use cases and monetization model. Maciej Kranz, Vice President, Corporate Technology Group, will give a brief presentation and address questions during the webcast/conference call. Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $27.49 with 5085.89 million outstanding shares and hit to its highest price of $27.80 during the day and finally closed at $27.79 by scoring 1.87%. In the whole session, it traded on volume of 20.5 Million shares, which turned higher than its average volume.

Jacobs Engineering Group Inc. (NYSE:JEC) released that selection of Steven Demetriou as its President and CEO. Demetriou will also be appointed to the Board. Demetriou will began in his new role with Jacobs on August 17. Commenting on Demetriou, the firm reported he brings over 30 years of global business leadership experience to Jacobs, including 14 years in the role of Chief Executive Officer. Most recently he served as Chairman and CEO of Aleris Corporation, a global downstream aluminum producer based in Cleveland. Demetriou’s appointment completes a rigorous selection process that began in December 2014, following the retirement of former President and CEO Craig Martin, the company stated. Jacobs Engineering Group Inc. (NYSE:JEC) stock hit highest price at $41.01, beginning with a price of $40.38 to close at 40.83 by a gain of 1.69% with a day range of $40.35-$41.01.

Seagate Technology Public Limited Company (NASDAQ:STX) released that it reduced its revenue views for Q4 of 2015, quoting lower than anticipated intra-quarter demand. The firm now predicts to report revenue of around $2.9B for the fiscal Q4 2015, as compared to its previously anticipated range for fiscal fourth quarter of revenue of $3.2 billion to $3.3 billion. Analysts polled by Thomson Reuters expect the company to revenues of $3.19 billion for the fourth-quarter. Analysts’ estimates typically exclude special items. It expects to report unit shipments for the fiscal fourth quarter of approximately 45 million, maintaining approximately 40% market share and reflecting approximately 52 exabytes. On the other consideration, Seagate Technology Public Limited Company (NASDAQ:STX) begun last trade with a price of $45.24 and throughout the trading session climbed at $46.88. The day-trade ended with a gain of 0.72% to close at $46.28.

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