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Accedian was a Canadian company that developed network communication and application monitoring software and hardware. [1] Headquartered in Montreal , Canada , the company was majority owned by Bridge Growth Partners , until its acquisition by Cisco in September 2023.
At least 10 analysts raised their price targets on the stock, according to data compiled by LSEG. Cisco has a 12-month forward price-to-earnings ratio of 16.23, compared with Arista Networks 43.21.
Following the first Cisco takeover purchase, acquisitions have constituted 50 percent of the company's business activity. [ 2 ] The company's largest acquisition as of October 2023 [update] is the purchase of Splunk —a software company that develops software for the analysis and monitoring of machine-generated data — US$ 28 billion. [ 3 ]
Shares of the computer networking equipment maker were down 1.4% in extended trading after the company forecast annual revenue broadly in line with estimates. Companies have been ramping up ...
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Ahead of the earnings report, Cisco's shares had fallen about 2% year to date, far short of the S&P 500's 11% gain over that time. Cisco forecasts fourth-quarter revenue above estimates on ...
Zacks.com users have recently been watching Cisco (CSCO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
U.S. stocks ended higher Thursday as an upbeat sales forecast from Cisco Systems helped to lift the technology sector, while data showed the economy remained relatively strong. Investors were ...