47.43 -0.39 (-0.82%)
After hours: 5:29PM EDT
Commodity Channel Index
|Bid||47.50 x 1800|
|Ask||47.65 x 2200|
|Day's Range||45.41 - 47.82|
|52 Week Range||32.40 - 58.26|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||18.96|
|Earnings Date||Aug 12, 2020|
|Forward Dividend & Yield||1.44 (3.16%)|
|Ex-Dividend Date||Apr 02, 2020|
|1y Target Est||46.19|
When Cisco bought AppDynamics in 2017 for $3.7 billion just before the IPO, the company sent a clear signal it wanted to move beyond its pure network hardware roots into the software monitoring side of the equation. Yesterday afternoon the company announced it intends to buy another monitoring company, this time snagging internet monitoring solution ThousandEyes. Cisco would not comment on the price when asked by TechCrunch, but published reports from CNBC and others pegged the deal at around $1 billion.
DOW UPDATE The Dow Jones Industrial Average is climbing Friday afternoon with shares of Intel and Cisco seeing positive momentum for the price-weighted average. Shares of Intel (INTC) and Cisco (CSCO) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 31 points higher (0.
Cisco will reportedly pay $1 billion to expand its software portfolio, and Home Depot continues to rally.
Cisco's (CSCO) acquisition of ThousandEyes is expected to aid it boost customer experience with enhanced visibility into application performance, and strengthen software and services portfolio.
Cisco Systems (NASDAQ: CSCO) has inked a deal to acquire ThousandEyes, a privately held cloud software company hailing out of San Francisco, in an effort to expand its software business. Terms of the deal were not disclosed, but Bloomberg reports that Cisco is paying close to $1 billion. In a press release, Cisco said the rapid adoption of cloud networks by businesses and their reliance on the Internet and networks outside of their organizations has created a "chaotic and unmanageable" IT environment for many companies.
The major stock indexes were mixed ahead of President Trump's news conference on China Friday. Twitter escalated its feud with President Trump.
The list of tech companies that are letting employees work from home much longer than initially planned, permanently in some cases, keeps growing and could sharply alter work landscapes.
In a push to consolidate its cloud software unit, Cisco Systems Inc. (NASDAQ: CSCO) has purchased ThousandEyes, a firm that helps companies monitor network outages.What Happened Since Chuck Robbins took over as CEO in 2015, Cisco has been focused on expanding its cloud-based software portfolio to better serve customers who are moving to distributed environments, reported CNBC.The purchase of ThousandEyes for nearly $1 billion will bring it into the fold of Cisco's newly-formed Networking Services business unit, run by Todd Nightingale. Previously, Cisco acquired AppDyamics for $3.7 billion, a company whose software spots bugs in applications and fix them.Nightingale said in a statement, "I'm excited to welcome the ThousandEyes team to Cisco." Adding, "The combination of Cisco and ThousandEyes will enable deeper and broader visibility to pinpoint deficiencies and improve the network and application performance across all networks. This will give customers end-to-end visibility when accessing cloud applications, and Internet Intelligence will improve networking reliability and the overall application experience."Why It Matters This is the first-ever acquisition Cisco has made completely online using Cisco's Webex video-calling service due to the stay-at-home orders in place since March, reported CNBC. Last year ThousandEyes raised $110 million from venture investors, and according to its CEO Mohit Lad, it has retained those funds.ThousandEyes' key customers include Microsoft Corporation (NASDAQ: MSFT), Slack Technologies Inc. (NYSE: WORK), Paypal Holdings Inc. (NASDAQ: PYPL) and Lyft Inc. (NASDAQ: LYFT).Cisco Price Action Cisco shares traded 0.12% higher at $45.65 in the after-hours session on Thursday. The shares had closed the regular session 0.79% lower at $45.60.See more from Benzinga * Saudi Arabia On A Pandemic Bargain Hunt, Buys Shares in Facebook, Disney, Boeing, Others * Zoom Corrects Blog Saying It Had 300M Daily Active Users, Admits It Was Wrong * Next 45 Days Will Be 'Most Critical Period' For US, Says Alan Lancz Who Predicted 1987 and 2008 Crises(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Cisco Systems Inc. announced Thursday afternoon that it intends to acquire ThousandEyes, a security-software company, reportedly for close to $1 billion. San Francisco-based ThousandEyes has raised more than $100 million in venture capital to develop software that monitors how a company's applications are being used on the internet. "The combination of Cisco and ThousandEyes will enable deeper and broader visibility to pinpoint deficiencies and improve the network and application performance across all networks," said Cisco executive Todd Nightengale. Bloomberg News reported earlier in the day that the deal was in the works and could be completed Thursday, with a price tag approaching $1 billion. Cisco did not disclose the purchase price. Cisco expects the deal to close before the end of its fiscal first quarter, which begins in August.
(Bloomberg) -- Cisco Systems Inc. said it will buy startup ThousandEyes Inc. to help extend its push into software and services.The world’s biggest maker of networking gear is paying about $1 billion, according to people familiar with the matter.San Francisco-based ThousandEyes sells software that checks whether the end-user of an internet service is getting what’s intended, and traces how that service is delivered to find potential problems. Cisco expects the deal to close before the end of its fiscal first quarter, it said in a release.Under Chief Executive Officer Charles Robbins, Cisco has made acquisitions to boost its software and services capabilities. He’s trying to lessen dependence on one-time sales of expensive hardware and shift to recurring revenue and the more dependable profits of long-term contracts.“By bringing together Cisco’s strength in network and application performance with ThousandEyes’ visibility into the internet, customers will now have an end-to-end view into the digital delivery of applications and services over the internet,” Cisco said in the statement.ThousandEyes will complement the business Cisco has developed around AppDynamics, which the networking giant acquired in 2017. Cisco regularly touts the successful integration and growth of AppDynamics, which provides monitoring and analysis of application performance.ThousandEyes is backed by several venture capital firms, including Sequoia Capital, Sutter Hill Ventures and Salesforce Ventures. The startup has raised about $110 million in financing and its last known valuation was $670 million last year, according to PitchBook.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
For the first time in its 30 years, Cisco Live 2020 is an all-digital event. The conference will bring attendees everything from the annual customer and partner conference—online and for free. On June 2nd and 3rd on the Cisco Live website, Cisco will celebrate "Possibilities" with digital sessions, keynotes, innovation talks, technical education training, demos, and more. The all-digital experience is an innovative way to explore and imagine everything that's possible with technology. This year, over 80,000 attendees have registered to date, and the global Cisco Live community is ready to engage with how tech can best solve the world's most pressing issues.
Zoom Video's (ZM) first-quarter fiscal 2021 results are expected to reflect solid user growth, driven by coronavirus-led remote working and Internet education wave.
Cisco today announced that it will participate in the following conferences with the financial community during the month of June. Sessions which offer a webcast can be accessed via Cisco's Investor Relations website at investor.cisco.com.
Moody's Investors Service, ("Moody's") affirmed ConvergeOne Holdings, Inc.'s ("ConvergeOne") B3 corporate family rating (CFR), B3-PD probability of default rating ("PDR"), the B2 rating on the borrower's senior secured first lien credit facility, and the Caa2 rating on its senior secured second lien term loan. The outlook revision reflects Moody's expectation of a meaningful near term contraction in ConvergeOne's operating performance following the coronavirus outbreak as resulting macroeconomic weakness fuels a considerable projected decrease in technology spending throughout the company's customer base in 2020. The issuer's credit quality is also negatively impacted by ConvergeOne's considerable revenue reliance on key vendor relationships with Cisco Systems, Inc. ("Cisco") and Avaya, Inc. ("Avaya") which together comprise over 50% of total product sales (25% of total revenue).
Next week at the CiscoLive! digital event, Cisco will unveil the latest updates to its Cisco Designed portfolio including support for five of small businesses biggest technology challenges. As companies look towards different forms of limited reopening they are adapting to the next normal and technology will play a key role in supporting new ways of doing business. According to a National Small Business Association survey of over 980 small businesses, between March and April the number of business owners and their employees working remotely has doubled, a trend that is widely expected to continue. Small businesses are increasingly becoming a target of hackers so it's no surprise security has become the top small business IT concern. In addition to securely enabling a remote workforce, Cisco and its partners are committed to supporting small businesses in the following areas.
Stock pickers are generally looking for stocks that will outperform the broader market. Buying under-rated businesses...
AppDynamics, a Cisco company and the world’s largest and fastest growing APM vendor, today released a special edition of its global research study, The Agents of Transformation Report with new findings related to the COVID-19 pandemic. The report reveals the pressures technologists are experiencing as they lead their organizations’ responses to the pandemic and how their priorities are changing as the rate of digital transformation accelerates.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
Narrower market breadth means a lot of businesses are facing headwinds, and that investors are piling into just a few names. It is worth considering in picking stocks for the second half of 2020.
DOW UPDATE The Dow Jones Industrial Average is trading down Thursday afternoon with shares of Exxon Mobil and IBM seeing the biggest losses for the blue-chip average. Shares of Exxon Mobil (XOM) and IBM (IBM) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 75 points lower (-0.
Like many investors, you're likely aiming to build a comfortable nest egg to ensure a comfortable retirement. Make sure you know all about what financial planners dub the accumulation and distribution phases of retirement planning.