Cisco Systems and Jones Group Hit 52-Week Lows

In morning trading, Cisco Systems (NASDAQ: CSCO) and Jones Group (NYSE: 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 (NASDAQ: 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 (NYSE: JNPR) and Alcatel-Lucent (NYSE: 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 (NYSE: LIZ) and the apparel stores industry average.