Cisco Systems (NASDAQ:CSCO) has decided to stop production of their Flip video camera.

Cisco Systems (NASDAQ:CSCO) Ending Flip Life

According to reports, Cisco Systems (NASDAQ:CSCO) Inc. has announced that it is stopping production on the pocket-size video camera.

The end of the Flip video camera could partially be due to new competing technologies that incorporates everything into one, such as the Apple iPhone and other smart phones.

Cisco Systems (NASDAQ:CSCO) has declined to elaborate on its reasons for shutting the Flip division, but it has faced mounting pressure to shore up its profit margins.

Cisco Systems Inc. (NASDAQ:CSCO) stocks were at 16.93 at the end of the last day’s trading. There’s been a -21.7% change in the stock price over the past 3 months.

Cisco Systems Inc. (NASDAQ:CSCO) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.08
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.69
Zack’s Rank: 20 out of 22 in the industry