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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 ]
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.
This volatility helps explain Cisco's poor stock price performance thus far in 2024. Still, the bigger story and more favorable development is an ongoing shift in the business mix toward related ...
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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Cisco: While remaining a dominant presence in IT hardware and services, Cisco's stock price dropped over 89% during the dot-com bubble and as of 2022 had not recovered to its peak price from early 2000. [3] Cobalt Networks: Its stock price rose over 400% on its first day of trading; acquired by Sun Microsystems for $2 billion in December 2000.
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 ...