
The acquisition process began back in July 2019 when Cisco agreed to purchase the networking chips maker Acacia for about $2.6 billion.
Cisco develops, manufactures, and sells networking hardware, telecommunications equipment, and other high-technology services and products.
Cisco Systems, Inc. is an American multinational technology conglomerate headquartered in San Jose, California, in the center of Silicon Valley. Cisco develops, manufactures and sells networking hardware, telecommunications equipment and other high-technology services and products. Through its numerous acquired subsidiaries, such as OpenDNS, WebEx, Jabber and Jasper, Cisco specializes into specific tech markets, such as Internet of Things (IoT), domain security and energy management.
Cisco stock was added to the Dow Jones Industrial Average on June 8, 2009, and is also included in the S&P 500 Index, the Russell 1000 Index, NASDAQ-100 Index and the Russell 1000 Growth Stock Index.
Cisco Systems was founded in December 1984 by Leonard Bosack and Sandy Lerner, two Stanford University computer scientists. They pioneered the concept of a local area network (LAN) being used to connect geographically disparate computers over a multiprotocol router system. By the time the company went public in 1990, Cisco had a market capitalization of $224 million. By the end of the dot-com bubble in the year 2000, Cisco had a more than $500 billion market capitalization.
The acquisition process began back in July 2019 when Cisco agreed to purchase the networking chips maker Acacia for about $2.6 billion.
The deal would be wrapped up in the first quarter of 2021 and worth around $730 million. This means 596 pence would be paid by Cisco for each IMImobile share.
While some companies are setting records seeing their stocks high, Cisco (CSCO) stock is far away from its record levels. Is it a great time to buy CSCO shares?