Cisco Systems Inc. Stock Rises Tuesday, Still Underperforms Market

Prospect Capital Corp

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Financials : Capital Markets | Small Cap Blend

Company profile

Prospect Capital Corporation is a financial services company that primarily lends to and invests in middle-market privately held companies. The Company's investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated secured debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. It makes directly originated agented loans to companies, including companies which are controlled by private equity sponsors and companies that are not controlled by private equity sponsors. It also invests in senior and secured loans, syndicated loans and high yield bonds that have been sold to a club or syndicate of buyers, both in the primary and secondary markets. The Company is managed by its investment adviser, Prospect Capital Management L.P.

Cisco Systems Inc. Stock Rises Tuesday, Still Underperforms Market

4:47 pm ET December 21, 2021 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Cisco Systems Inc. (CSCO) rallied 1.11% to $61.03 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.78% to 4,649.23 and the Dow Jones Industrial Average rising 1.60% to 35,492.70. Cisco Systems Inc. hit a new 52-week high, surpassing its previous peak of $60.80, which the company achieved on December 17th.

The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) rose 2.31% to $327.29, International Business Machines Corp. (IBM) rose 1.50% to $128.97, and VMware Inc. (VMW) rose 0.77% to $115.88. Trading volume (20.1 M) remained 946,154 below its 50-day average volume of 21.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 21, 2021.

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(END) Dow Jones Newswires

December 21, 2021 16:47 ET (21:47 GMT)