34.29 -0.06 (-0.17%)
Pre-market: 5:19AM EDT
|Bid||34.29 x 100|
|Ask||34.57 x 200|
|Day's range||34.27 - 34.68|
|52-week range||29.12 - 34.68|
|PE ratio (TTM)||18.08|
|Earnings date||15 Nov 2017|
|Forward Dividend & Yield||1.16 (3.39%)|
|1y target est||35.73|
Oct.23 -- Cisco Systems Inc. agreed to buy BroadSoft Inc. for about $1.9 billion to expand further into software and cloud services. Bloomberg's Cory Johnson has more on "Bloomberg Technology."
One thing is clear, Cisco is not afraid to use its considerable cash on hand to fill in holes in its product portfolio. Today it wrote out a big fat check for $1.9 billion to acquire BroadSoft, a Maryland company that delivers unified communications via service providers. The purchase gives Cisco a new way to sell its communications tools as it shifts its focus from a pure networking hardware company to one focused on software and services delivered in the cloud.
Cisco Systems plans to pay $1.73 billion to acquire BroadSoft, a maker of cloud-based communications software, as the networking giant steers further away from its legacy hardware and into sales of software ...
Cisco Systems bought another company on Monday. There have been between 15 and 20 acquisitions in the last two years since Chuck Robbins became chief executive, he told Bloomberg recently. Something like ...
Shares in RingCentral slipped after Cisco Systems acquired rival BroadSoft, a maker of telecom communications software.
Cisco will pay $1.9 billion for BroadSoft, adding to its software takeovers. Tesla may have an agreement for its own manufacturing facility in China.
The stock market was lower in afternoon dealings as indexes traded near session lows and small-caps lagged noticeably.
Shares of Cisco Systems (CSCO) are up 38 cents, or 1%, at $34.63, following its announcement this morning it will spend $1.9 billion to buy collaboration and communications software maker BroadSoft (BSFT). The deal is having varying effects on stocks affiliated with the market Cisco’s targeting. RingCentral (RNG) is down 67 cents, or 1.6%, at $41.88, Mitel (MITL) is up 14 cents, or 1.6%, at $8.91, Five9 (FIVN) is down 10 cents, or 0.4%, at $24.68, and 8x8 (EGHT) is up 5 cents, or 0.4%, at $12.45.
F5 Networks Inc. (FFIV) to report lower revenues in the quarter due to a volatile spending atmosphere and competitive threats.