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The Market > Securities > Cisco (CSCO)

Cisco (CSCO)

Posted: 2018-Aug-01 00:45 by Predator Research

Cisco (CSCO)

Posted: 2018-Aug-02 17:02 by news bot

Sources suggest Cisco is in advanced talks to acquire Duo Security, a venture capital-backed cyber security company, as it seeks to expand its offerings in cloud computing. The deal, which the sources said could reach $2 billion, would be the biggest acquisition for Cisco since its $3.7-billion purchase of business performance monitoring software company AppDynamics last year, and its largest in the cyber security sector since its $2.7-billion takeover of Sourcefire in 2013. If negotiations are completed successfully, a deal between Cisco and Duo could be announced in the coming days, the sources said, asking not to be identified because the matter is confidential.

Posted: 2018-Aug-02 17:26 by Vertex

It WAS confidential...

Posted: 2018-Aug-16 19:33 by news bot

RBC and KeyBanc raised the target price for CSCO to $52 after the company reported a beat-and-raise quarter driven by solid results.
J.P. Morgan also maintained a Buy rating on the stock with a $59 price target.
Currently, the analyst consensus on Cisco is a Moderate Buy with an average price target of $51.73.

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