ADVFN - Advanced Financial Network.
HOME» NASDAQ » C » CSCO Stock Price » CSCO Stock News

Cisco Systems Share News

 Cisco Systems (mm) Stock Price
CSCO Stock Price
 Cisco Systems (mm) Stock Chart
CSCO Stock Chart
 Cisco Systems (mm) Stock News
CSCO Stock News
 Cisco Systems (mm) Company Information
CSCO Company Information
 Cisco Systems (mm) Stock Trades
CSCO Stock Trades

Proofpoint Shares Open 30% Higher Post-IPO

By Lynn Cowan Of DOW JONES NEWSWIRES Security-software company Proofpoint Inc. (PFPT) saw its shares jump sharply on their opening trade Friday, the company's first day as a public stock. The stock opened at $16.85 a share on Nasdaq, up 30% from its initial public offering price of $13. A total of 6.3 million shares were sold in the offering--more than had been expected--at a price above the estimated range of $10 to $12 a share. Proofpoint specializes in security software for large and mid-sized companies, providing protection against data theft, regulatory compliance, archiving and secure communication. The company has said a shift in the sources of cyber crime from hackers toward organized crime and governments, combined with international data trafficking, is driving a large wave of attacks on data. At the same time, more businesses are collaborating online and their employees are using mobile devices and Internet applications that can reduce the effectiveness of existing security software. Proofpoint has said its software protects information as it flows to and from its users, and can securely archive it, too. Its software, sold on a subscription basis, is used by about 2,400 customers around the world, including 26 of the Fortune 100 companies. It markets its products through its own sales team and through distributors and resellers, as well as through strategic partners such as International Business Machines Corp. (IBM), Microsoft Corp. (MSFT) and VMware Inc. (VMW). In 2011, Proofpoint's revenue rose 26% to $82 million, while it reported a net loss of $20 million compared to a loss of $21 million in 2010. The company has never been profitable. Competitors include Symantec Corp. (SYMC), Intel Corp.'s (INTC) McAfee division, Cisco Systems Inc. (CSCO), EMC Corp. (EMC), Google Inc. (GOOG), and Hewlett Packard Cos. (HPQ). -By Lynn Cowan, Dow Jones Newswires; 202-257-2740; lynn.cowan@dowjones.com --Mia Lamar contributed to this article.

Stock News for Cisco Systems (CSCO)
DateTimeHeadline
09/03/201519:12:34Statement of Changes in Beneficial Ownership (4)
09/01/201516:29:00Securities Registration: Employee Benefit Plan (s-8)
08/31/201516:45:00Apple, Cisco Unveil Business Partnership
08/31/201514:40:00Apple, Cisco Unveil Business Partnership
08/31/201514:32:00Apple, Cisco Unveil Business Partnership
08/28/201516:11:15Current Report Filing (8-k)
08/21/201516:25:54Statement of Changes in Beneficial Ownership (4)
08/19/201516:24:57Statement of Changes in Beneficial Ownership (4)
08/19/201516:24:04Statement of Changes in Beneficial Ownership (4)
08/14/201516:19:49Securities Registration: Employee Benefit Plan (s-8)
08/12/201517:00:48Cisco Revenue and Profit Grow
08/12/201516:49:43Cisco Revenue and Profit Grow
08/12/201516:12:35Current Report Filing (8-k)
08/07/201517:16:03Form 13f Holdings Report (13f-hr)
08/04/201519:15:54Initial Statement of Beneficial Ownership (3)
08/04/201519:15:18Initial Statement of Beneficial Ownership (3)
07/29/201516:38:36Amended Current Report Filing (8-k/a)
07/28/201509:30:00Networking and Communication Devices Stocks Under Review -- Cisco...
07/27/201512:50:06Cisco Recruits Two Outsiders for Senior Posts
07/27/201512:43:49Cisco Recruits Two Outsiders as Executives

Cisco Systems and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad