Cisco Systems Inc. Stock Outperforms Competitors Despite Losses On The Day

Wesco International Inc

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Industrials : Trading Companies & Distributors | Mid Cap Blend

Company profile

WESCO International, Inc. is a provider of business-to-business distribution, logistics services and supply chain solutions. The Company conducts its business through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). The EES segment supplies a range of products and solutions primarily to the construction, industrial and original equipment manufacturer (OEM) markets. Its EES segment supplies various products, including electrical equipment and supplies, automation and connected devices (the Internet of Things), security, lighting, wire and cable, safety, and maintenance, repair and operating (MRO) products. Its CSS segment operates in the network infrastructure and security markets. The UBS segment provides products and services to investor-owned utilities, public power companies, including municipalities, as well as global service providers, wireless providers and broadband operators.

Cisco Systems Inc. Stock Outperforms Competitors Despite Losses On The Day

4:48 pm ET January 4, 2023 (MarketWatch) Print

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

Shares of Cisco Systems Inc. (CSCO) dropped 0.02% to $47.55 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.75% to 3,852.97 and the Dow Jones Industrial Average rising 0.40% to 33,269.77. The stock's fall snapped a three-day winning streak. Cisco Systems Inc. closed $15.27 short of its 52-week high ($62.82), which the company achieved on January 12th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) fell 4.37% to $229.10, Amazon.com Inc. (AMZN) fell 0.79% to $85.14, and Broadcom Inc. (AVGO) rose 1.22% to $560.24. Trading volume (17.0 M) remained 2.1 million below its 50-day average volume of 19.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 4, 2023.

(END) Dow Jones Newswires

January 04, 2023 16:48 ET (21:48 GMT)