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

Cisco Buys Software Security Firm Virtuata

Cisco Systems Inc. (CSCO) said it bought Virtuata, a privately held security software firm, giving the highly acquisitive networking company new tools related to cloud computing and data center infrastructure. Cisco is in the midst of a turnaround after restructuring last year to focus on core product areas such as routing and switching gear that shuttle data between computers. Cisco has said it is benefiting from telecommunications and other companies' need for more robust networks to support mobile and cloud computing. The company said its newest deal "is well-aligned to our strategic goals to develop innovative virtualization, cloud and security technologies, while also cultivating top talent." Financial details of the deal weren't disclosed. The Virtuata team, based in Milpitas, Calif., will join Cisco's Data Center Group. Historically one of Silicon Valley's most active buyers, Cisco has focused more recently on acquiring start-ups and small companies. It recently agreed to acquire Truviso Inc., a real-time network data analysis and reporting software maker, and in March, said it would buy ClearAccess, a maker of customer-premise equipment management software. The company earlier this year also agreed to acquire video-software maker NDS Group Ltd. for $4 billion, the company's biggest deal in more than two years and a reflection of Cisco's focus on video. In May, Cisco said its fiscal third-quarter earnings rose, its second-straight quarter of improved earnings, as the company's margins and revenue continued to strengthen. Shares were recently down 1.2% at $16.12. The stock is down 18% over the past three months. Write to Ben Fox Rubin at ben.rubin@dowjones.com

Stock News for Cisco Systems (CSCO)
DateTimeHeadline
09/16/201400:13:33U.S. Hot Stocks: Hot Stocks to Watch
09/09/201402:16:30Russia's Tech Startup Scene Retreats Amid Ukraine Conflict
08/14/201416:21:51MARKET SNAPSHOT: U.S. Stocks Rise Modestly; Berkshire Tops $200K
08/14/201411:50:23MARKET SNAPSHOT: U.S. Stocks Edge Higher; Retailers In Focus
08/14/201409:49:26MARKET SNAPSHOT: U.S. Stocks Open Higher; Wal-Mart Cuts Outlook
08/14/201409:23:21MARKET SNAPSHOT: U.S. Stocks: Futures Turn Flat After Jobless...
08/14/201408:11:12MARKET SNAPSHOT: U.S. Stocks: Futures Stay Up After Wal-Mart...
08/14/201406:44:38MARKET SNAPSHOT: U.S. Stocks: Futures Edge Up With Wal-Mart Results...
08/13/201421:59:06Echoes of Y2K: Engineers Buzz That Internet Is Outgrowing Its...
08/13/201420:53:56Cisco To Cut Jobs In 'Limited Restructuring'--3rd Update
08/13/201417:48:33Cisco To Cut Jobs In 'Limited Restructuring'--2nd Update
08/13/201416:21:30MARKET SNAPSHOT: U.S. Stocks Push Higher; Biotechs Rally
08/13/201412:25:46MARKET SNAPSHOT: U.S. Stocks Push Higher; Amazon.com Climbs
08/13/201411:46:34MARKET SNAPSHOT: U.S. Stocks Push Higher; Dow Up 100 Points
08/13/201410:44:34MARKET SNAPSHOT: U.S. Stocks Open Higher; Macy's Falls On Results
08/13/201410:17:00Y2K Meets 512K As Internet Limit Approaches
08/08/201412:36:06Gemalto to Buy SafeNet for $890 Million
08/06/201417:27:12TECH STOCKS: H-P Seen Gaining As IBM Exits Key Market
07/09/201416:39:46TECH STOCKS: Cisco, Facebook Edge Higher; Micron Slips
07/08/201400:30:50New Tech Group Joins Crowded Field to Set Rules for 'Internet...

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