Cisco Systems Inc. (NASDAQ: CSCO) traded down by about 1.8%, at $52.90 in a 52-week range of $44.15 to $64.28. The company has apparently ended its effort to acquire Splunk, a move that signals different things to different investors. Some see a missed opportunity, and others see less spending and more shareholder returns. Loop Capital initiated coverage of the Dow stock Monday morning with a Buy rating and a price target of $71.

Cisco Systems, the technology conglomerate, has held discussions with the software company Splunk about buying it, although no deal is currently on the table, two people familiar with the matter told The New York Times on Friday. https://t.co/0oA2J6T1jl

— The New York Times (@nytimes) February 12, 2022

PayPal Holdings Inc. (NASDAQ: PYPL) traded down by about 0.5%, at $114.75 in a 52-week range of $113.17 to $310.16. The low was posted early in the morning. The company had no specific news.

Cognizant Technology Solutions Corp. (NASDAQ: CTSH) traded down about 0.5%, at $86.94 in a 52-week range of $66.19 to $92.44. The company had no specific news.

VeriSign Inc.(NASDAQ: VRSN) traded down about 0.3%, at $213.68 in a 52-week range of $184.60 to $257.03. The company had no specific news.

Intuit Inc. (NASDAQ: INTU) traded down about 0.3%, at $534.34 in a 52-week range of $365.15 to $716.86. The company had no specific news.

Microsoft Corp. (NASDAQ: MSFT) traded down about 0.6%, at $293.18 in a 52-week range of $224.26 to $349.67. The company had no specific news.

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