Tech Stock Narrowly Lower in Late Trade; Cisco Rising Today Amid Favorable Reviews for New Network System

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Technology stocks are slightly lower this afternoon with shares of technology companies in the S&P 500 slipping about 0.2%.

In company news, Cisco Systems ( CSCO ) shares are up 1.3% at $24.46 apiece this afternoon with multiple sources touting shares of the networking equipment company as an attractive buying opportunity, highlighting CSCO's solutions in storage, cyber security, business solutions and NCS introduction.

Some sources cite CSCO's Tuesday introduction of the Network Convergence System as a potential significant development in the health care industry, acting as a base for a smart, scalable and flexible internet.

GDP Insider notes, "This kind of capability is very relevant in the current-day scenario where mobile, machine-to-machine and cloud applications are being increasingly used in every field."

In other sector news,

(+) NTLS, Wireless communications provider announces settlement with Sprint Corp ( S ) in dispute tied to their Strategic Network Alliance. Terms of the agreement were not disclosed.

(-) DQ, Chinese solar-energy company today says it had no comment on unusual market activity after its shares spiked 61% Tuesday to a 52-week high of $34.80.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities
Referenced Symbols: CSCO , S

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