Cisco Systems Inc. Stock Falls Monday, Still Outperforms Market

Archrock Inc

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Energy : Energy Equipment & Services | Small Cap Value

Company profile

Archrock, Inc. is an energy infrastructure company with a pure-play focus on midstream natural gas compression. The Company is a provider of natural gas compression services to customers in the oil and natural gas industry throughout the United States, in terms of total compression fleet horsepower and a supplier of aftermarket services to customers that own compression equipment in the United States. The natural gas that it helps transport satisfies demand from electricity generation, heating and cooking and the industrial and manufacturing sectors. It has two segments. Its Contract Operations segment is comprised of its owned fleet of natural gas compression equipment that it uses to provide operations services to its customers. Its Aftermarket Services segment provides a full range of services to support the compression needs of its customers, which owns compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components.

Cisco Systems Inc. Stock Falls Monday, Still Outperforms Market

4:46 pm ET May 9, 2022 (MarketWatch) Print

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

Shares of Cisco Systems Inc. (CSCO) sank 0.75% to $48.96 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 3.20% to 3,991.24 and Dow Jones Industrial Average falling 1.99% to 32,245.70. This was the stock's third consecutive day of losses. Cisco Systems Inc. closed $15.33 below its 52-week high ($64.29), which the company reached on December 29th.

Despite its losses, the stock outperformed some of its competitors Monday, as Microsoft Corp. (MSFT) fell 3.69% to $264.58, International Business Machines Corp. (IBM) fell 1.16% to $134.44, and VMware Inc. (VMW) fell 1.43% to $99.19.true Trading volume (22.3 M) eclipsed its 50-day average volume of 20.7 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 9, 2022.

(END) Dow Jones Newswires

May 09, 2022 16:46 ET (20:46 GMT)