Cisco, Cypress Semi Lead a Flat Tech Sector

The Technology SPDR ETF (NYSEARCA:XLKis up 0.27% and stands at 25.67.  Here are four stocks on the rise.

Cisco Systems, Inc. (NASDAQ:CSCO) is on the move up following a strong FQ1 report. The lift could be related to comments in Cisco’s (NASDAQ:CSCO) conference call about strong switch and router orders along with improving switch margins. A report form Citi (NYSE:C) says they have upgraded their rating from Neutral to Buy, stating FQ2 expectations are still low and Cisco (NASDAQ:CSCO) is improving growth and margins. The shares of Cisco recently traded at $18.77, up $1.16, or 6.59%. They have traded in a 52-week range of $13.30 to $24.51. Volume today was 97,349,810 shares versus a 3-month average volume of 66,688,700 shares. The company’s trailing P/E is 16.04, while trailing earnings are $1.17 per share.

Investing Insights: JP Morgan, Morgan Stanley and 2 Financial Stocks Bucking the Sell Off.

Intel (NASDAQ:INTC) retains an Outperform rating from Rodman & Renshaw. Their investigations indicate that the company has not decreased their CPU production to match the hard drive shortages since the Thai floods. Others in the PC industry have cut their output and if Intel doesn’t get on board, it is possible they will have a weak start in 2012. The shares recently traded at $23.98, up $0.14, or 0.59%. They have traded in a 52-week range of $19.16 to $25.20. Volume today was 20,144,035 shares versus a 3-month average volume of 65,237,900 shares. The company’s trailing P/E is 10.39, while trailing earnings are $2.31 per share.

Juniper Networks (NYSE:JNPR) is getting a nice lift on the halo from Cisco earnings. The shares recently traded at $23.59, up $0.28, or 1.2%. They have traded in a 52-week range of $16.67 to $45.01. Volume today was 6,748,194 shares versus a 3-month average volume of 11,249,500 shares. The company’s trailing P/E is 24.86, while trailing earnings are $0.95 per share.

Cypress Semiconductor (NASDAQ:CY) is catching a bid as semiconductor stocks are having a strong morning. The shares recently traded at $18.38, up $0.08, or 0.44%. They have traded in a 52-week range of $13.67 to $23.95. Volume today was 1,347,081 shares versus a 3-month average volume of 4,354,720 shares. The company’s trailing P/E is 24.25, while trailing earnings are $0.76 per share.

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