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Cisco stock drops on a report Amazon Web Services is Contemplating selling its network devices

written by admin July 13, 2018

Media company stocks dropped off Friday following a report by The Information that Amazon Web Services is thinking about selling its own network switching apparatus.

Cisco dropped 4% from the end of trading, representing a reduction in stock value of roughly $8.5 billion. Juniper gave up more than two per cent. Arista Networks dropped more than 4%, and also F5 Networks dropped approximately per cent. Broadcom, which makes chips used in switching apparatus, was more than 3% on the day following the report, extending a demanding week for the stock.

Cisco stock drops on a report Amazon Web Services is Contemplating selling its network devices was last modified: July 13th, 2018 by admin
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