Cisco Systems (CSCO) Leaps on Q2 Results

Cisco Systems, Inc. (NASDAQ: CSCO) shares hiked 8.4% to $24.40. The company reported better-than-expected results for its second quarter fiscal 2016. Management announced it will add $15 billion to its share repurchase program, and boosted the stock's dividend yield to 4.6 percent, or $0.26 per share -- payable on April 27 to shareholders of record as of April 6. Share volume was 46.5 million, trumping an all-day average of 29.5 million