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Under the terms of the deal, Cisco is paying a hefty premium of $157 per share. When you consider that the 52-week low was $65 a share and it has hovered in the high 80s and low 90s much of this ...
In financial terms, it’s interesting. While the recent Klaviyo IPO gave us a look at how the market values high-growth software companies as they go public, the Cisco-Splunk deal instead shows ...
Cisco spent more than $7.5 billion on R&D in 2023. Cisco EVP and CFO Scott Herren. Courtesy of Cisco. In order for a firm to have an effective AI strategy, you need data, networks to move the data ...
The Cisco-Splunk deal encapsulates both, suggesting there's room to run for deals in both sectors. Cisco logo exhibition zone seen during day two of the Web Summit in Lisbon on Nov. 2, 2021.
Cisco has a rich history of buying its way to global success. And it's remained quite active, acquiring more than 30 startups over the last four years for a total of 229 over the life of the company.
Networking hardware giant Cisco Systems (NASDAQ: CSCO) beat analyst expectations across the board with its quarterly report last week, but the stock was punished, nonetheless. Revenue plunged 13% ...
Cisco Systems, Inc. (using the trademark Cisco) is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware , software , telecommunications equipment and other high-technology services and products. [3]
The company's largest acquisition as of October 2023 is the purchase of Splunk —a software company that develops software for the analysis and monitoring of machine-generated data — US$ 28 billion. [3] Cisco's previous largest acquisition was tied between Cerent Corporation and Scientific Atlanta for $6.9 billion in 1999 and 2005 respectively.