Cisco Systems, Inc. (NASDAQ:CSCO) plans to acquire Source Fire


Dallas, Texas 07/30/2013 (Financialstrend) – Cisco Systems, Inc. (NASDAQ:CSCO) planned to acquire Source Fire at $76 per share and $2.7 billion was observed to be the total transaction value. Source fire is very famous in the intelligent cyber-security technology. In the product sales 61% was reported to be the total revenue of the company and the total sales was at 31%. Source fire has greater than 2500 customers. The company increased its business in Network Security. Both the companies put together will exhibit expertise in security technology field which would further lead to market penetration and business growth. The company told that they joined with Microsoft to get private and hybrid cloud infrastructure technologies in the worldwide markets. The company’s sales teams and channel partners are combined together for helping the customers to improve their data centers with private cloud solutions. The company’s revenues had also increased. The company had presented 6 percent as the three year returns and 51 percent of one year returns in the share prices. This software development company is further responsible for voice over Internet Protocol web collaboration, network management and global government solutions businesses.

Cisco Systems, Inc. (NASDAQ:CSCO) had moved on to close at $25.33 per share on Monday, which was measured to be a decrease of 0.65% over the previous closing price of the stock. The company had been moving between the range of $25.23 as low intraday price and $25.47 as high intraday price. The 52 week low for the stock is at $15.30 per share and 52 week high is at $26.15 per share. With 5.34 billion shares in the market, there is 74% of institutional ownership and $135.37 billion of market cap value for the stock. The company had presented a trading volume of 17.84 million shares on Monday and the average level is at 33.66 million shares per day.