Shares of Cisco Systems Inc. (NASDAQ: CSCO) rallied about 12 % by afternoon trade after the network equipment maker, late last evening, reported better-than-expected results for the fiscal third quarter while its guidance on the current quarter was also in-line with analysts’ consensus estimate.
Continue reading Major Movers on May 16; CSCO, TSRO, INFI, AMD, TSLA
Oracle Corporation (NASDAQ: ORCL) announced on Monday that it has agreed to acquire Acme Packet Inc. (NASDAQ: APKT) in deal estimated at $2.1 billion.
Shares of Cisco Systems Inc. (NASDAQ: CSCO) rose sharply in trading today after the network equipment maker announced that it would acquire privately held cloud computing company Meraki Inc. for approximately $1.2 billion in cash.
World’s largest computer networking equipment maker, Cisco Systems Inc. (NASDAQ: CSCO) announced better-than-expected fourth-quarter results despite businesses and government spending falling sharply in the wake of economic slowdown. The company also increased its dividends.
Continue reading Cisco Beats Estimates, Increases Quarterly Dividend By 75% (CSCO)