NEW YORK (TheStreet) -- Shares of Cisco Systems (CSCO) are up 2.28% to $27.42 after declaring a quarterly dividend of 19 cents per common share to be paid on January 21, 2015 to all shareholders of record as of the close of business on January 6, 2015.
This was in line with Cisco's previous quarterly dividend of the same amount paid on October 22, 2014.
Last week, the San Jose, CA-based networking products and services company celebrated 30 years in business and announced it is mounting one of its most ambitious efforts in software, aimed at analyzing a flood of data expected to result from the industry trend called the Internet of Things, the Wall Street Journal reported.
The Silicon Valley giant, the largest supplier of networking hardware, laid out plans to sell programs that help sift through information generated by a widening array of sensors, video cameras, smartphones and other sources, the Journal said.
Separately, TheStreet Ratings team rates CISCO SYSTEMS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CISCO SYSTEMS INC (CSCO) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."