Cisco Systems Inc. (NASDAQ:CSCO): Current price $23.98
Cisco Systems said that it is expanding in Brazil during a time in which currency volatility and a slump in Latin America’s biggest economy is discouraging some of its rivals. On Friday, Cisco launched an innovation center in Rio de Janeiro through which to boost sales and services to government and corporate clients, including energy and mining firms, said Robert Lloyd, chief of development and sales, in an interview.
Lloyd observed that, “In challenging times, or rocky periods, that’s when you can actually make your biggest gains. We’ve been through these things many times in our 30-year history and we adapt and adjust to the fluctuations in currencies.”