Market News: Best Buy (NYSE:BBY), Cisco Systems (NASDAQ:CSCO), Intel (NASDAQ:INTC)

Categories: News, Stocks





Here are more news stories which could affect stock prices tomorrow when trading restarts on Wall Street. The following companies should see some movement: Best Buy (NYSE:BBY), Cisco Systems (NASDAQ:CSCO) and Intel (NASDAQ:INTC).

Here is a more detailed look at the news that will affect each company when trading continues.

Best Buy (NYSE:BBY)

Best Buy (NYSE:BBY) has announced its plans to conquer the newly forming tablet market. Best Buy (NYSE:BBY) has the largest collection of gadgets of any store – with huge numbers of smart phones, computers and similar devices. There is just one difference – the ‘Apple Ruled’ tablet market, where the one and only iPad lives.

As competitors have declared the launch of similar, competitive tablet computers, many of them to be launched during the next holiday season, Best Buy (NYSE:BBY) is getting ready to make waves in this market.

Cisco Systems (NASDAQ:CSCO)

In an unanticipated movement, the Chairman and Chief Executive Officer of Cisco Systems (NASDAQ:CSCO), John T Chambers sold 243,178 shares at an average price of $22.5 per share.

Having a market cap of $126.9 billion, Cisco Systems (NASDAQ:CSCO)’s shares were traded at an average of $22.22.

The shares have a P/E ratio of 16 and P/S ratio of 3.2. Over the last 10 years, the average annual growth of Cisco Systems (NASDAQ:CSCO) was 20%.

Intel (NASDAQ:INTC)

Analysts have said that Intel (NASDAQ:INTC)’s buyout of McAfee will revolutionize the security software industry. In a research note to investors, the FBR Capital analysts gave an “outperform” rating to McAfee indicating the acquisition will give new means to the system.

Intel (NASDAQ:INTC), the world’s largest chip maker, is expected to make some changes in the systems of developing, distributing and marketing of the acquired security technology company.

There will probably be more movement as the day’s trading progresses for Best Buy (NYSE:BBY), Cisco Systems (NASDAQ:CSCO) and Intel (NASDAQ:INTC).


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