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Cisco Systems, Inc. (NASDAQ:CSCO) Intent To Attain Lancope- Cummins Inc. (NYSE:CMI), Amgen Inc. (NASDAQ:AMGN)

Cisco Systems, Inc. (NASDAQ:CSCO) moves up 1.17% to close at $29.35 as compare to its fifty-two week range of 23.03 – 30.31. Cisco (CSCO) reported that its intent to attain Lancope, a privately held network security firm based in Alpharetta, GA. Cisco will pay $452.5 million in cash and assumed equity awards, plus additional retention based incentives for Lancope employees who join Cisco. The Lancope team will join the Cisco Security Business Group organization. The acquisition is predictable to close in the q2 of fiscal year 2016. Vice president, Cisco Corporate Development, Rob Salvagno stated that as enterprises digitize, security challenges rapidly evolve. Real time visibility and understanding of the behavior of every machine or device on the network becomes critical in adapting the ability of enterprises to identify and respond to the next wave of cyber threats. He added that Cisco is committed to helping organizations defend their networks and devices. Together with Lancope, their combined solutions can help turn a consumer’s entire network into a security sensor. The firm has total market capitalization of 147.03 Billion. The firm is ahead...


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