Cisco Systems (NASDAQ:CSCO) Carries on M&A Streak with Buying Cognitive Security - RVBD, FNSR, PANW

Pompano Beach, FL -- (SBWIRE) -- 01/30/2013 -- The habitual merger and acquisitions making company Cisco Systems (NASDAQ:CSCO) has announced another move of buying Cognitive Security, a privately possessed network security seller in the Czech Republic and the newest in a continuing streak of takeovers by the networking tycoon.

Can Investors Bet on CSCO after this News update? Find out in this Research Report

Cisco executives declared the deal late on Jan. 29, mentioning that Cognitive is operating on classy technologies intended to meet the enhancing threats to IT infrastructures that were coming in the light of such trends as cloud and mobile computing.

Cisco representatives would look to incorporate their cloud-based global threat intelligence with Cognitive’s real-time behavioral analytics to create a “common policy engine that manages managed network enforcement in an intelligent network and lessens advanced cyber threats, Hilton Romanski, vice president and chief of corporate business development, reported in a Jan. 29 post on the Cisco blog.

At the current trading session, Cisco Systems, Inc. (NASDAQ:CSCO) shares are down -0.84% to $20.60 while the stocks are trading within the range of $20.40 – $20.87. In the past year, the stock has traded within a range of $14.96 – $21.30. Average daily trading volume is 36.41 million shares.

Has CSCO Found The Bottom and Ready To Move Up? Find Out Here

If we look at a few other stocks within industry, Riverbed Technology, Inc., Finisar Corporation and Palo Alto Networks Inc are in the decliners list. Let’s have a quick look on their Market performance.

Riverbed Technology, Inc. (NASDAQ:RVBD) shares are down -1.19% to $19.06 while the stock is trading within the range of $18.92 – $19.30 in the current trading session. In the last 12 months the shares have traded between $13.30 and $29.59. The average daily trading volume is 3.64 million shares.

Why Should Investors Buy RVBD After the Recent Fall? Just Go Here and Find Out

Finisar Corporation (NASDAQ:FNSR) shares in the current session moved down -0.77% reaching $14.20. The stocks are trading in a range of $14.14 – $14.43. In the last year the stock has moved within a range of $10.95 – $23.50. The Company’s average daily trading volume is 2.43 million shares.

Is it the Right to Grab FNSR after the Recent Slump? Get Free Trend Analysis Here

Another rival company, Palo Alto Networks Inc (NYSE:PANW), is trading down -1.62% to $55.90. Intraday trading recorded the stock price in a range of $55.67 to $56.75. In the previous 52 weeks the stock’s price ranged between $47.00 and $72.61. Their average daily trading volume is 822,015 shares.

Has PANW Found The Bottom And Ready To Gain Momentum? Find Out Here

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