Big Upside in Cisco Stock?
In December, Cisco Systems, Inc. (NASDAQ:CSCO) announced a plan for an acquisition.
It wasn't a big deal in terms of monetary value. Cisco was going to pay just $660.0 million for the company, which is not a substantial amount, considering that Cisco has a market capitalization of more than $200.0 billion.
And because the stock market was plummeting at the time, nobody really paid much attention to it. In fact, in the week following that announcement, CSCO stock dropped 8.9%.
On February 6, Cisco completed the acquisition. While the deal didn't mark any milestone for the San Jose, California-based technology conglomerate,.
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In December, Cisco Systems, Inc. (NASDAQ:CSCO) announced a plan for an acquisition.
It wasn't a big deal in terms of monetary value. Cisco was going to pay just $660.0 million for the company, which is not a substantial amount, considering that Cisco has a market capitalization of more than $200.0 billion.
And because the stock market was plummeting at the time, nobody really paid much attention to it. In fact, in the week following that announcement, CSCO stock dropped 8.9%.
On February 6, Cisco completed the acquisition. While the deal didn't mark any milestone for the San Jose, California-based technology conglomerate,.
Den vollständigen Artikel lesen ...