What Made Cisco Stock Fall to Its Lowest Level since 2013?
The surge in Cisco stock came to a halt after the company posted its 3Q17 earnings. The stock fell nearly 8.0%, making it the biggest fall since November 2013.
As of May 19, 2017, Symantec (SYMC) was trading at a forward EV-to-EBITDA multiple of ~9.3x, which is lower than Oracle’s (ORCL) ~10.6x.
Salesforce’s (CRM) fiscal 1Q18 results (ended April 30, 2017), released on May 18, topped expectations on both the revenue and earnings fronts.
A Look at Medtronic’s Recent Stock Performance
Medtronic (MDT) was trading at $83.9 on May 22, 2017. It had a 50-day moving average of $82.1 and a 200-day moving average of $78.4.
Medtronic accounts for ~1.1% of the total holdings of the iShares Russell 1000 Value ETF. The company has consistently reported higher earnings than analysts’ earnings estimates.
In a Reuters survey of 25 brokerage companies on May 22, 2017, ~56% of analysts rated Medtronic as a “buy,” and 44% rated it as a “hold.”