Cisco Systems and Jones Group Hit 52-Week Lows

In morning trading, Cisco Systems CSCO and Jones Group JNY fell to new 52-week lows of $15.26 and $9.97 per share, respectively. Cisco has slumped on disappointing quarterly results from Ciena CIEN. Cisco has a market cap of $84.2 billion and is a leading producer and marketer of Internet protocol-based networking equipment. The company has a dividend yield of 0.4%, a return on equity of 18.3% and a PEG ratio of 0.9. Shares are down about 24% year to date, underperforming competitors Juniper Networks JNPR and Alcatel-Lucent ALU as well as the broader markets. Jones Group recently announced that it would acquire the largest luxury shoe retailer in Europe. The company has a market cap of $902.5 million and is an apparel retailer whose brands include Jones New York, Anne Klein, and Nine West. The dividend yield is 1.9%. The company has a P/E ratio of 7.3, which is much lower than those of the industry average and the S&P 500. It also has a PEG ratio of 0.9. Shares are down about 34% year to date, underperforming competitor Liz Claiborne LIZ and the apparel stores industry average.