Will The Sourcefire Acquisition Add Fuel To Cisco Systems, Inc (NASDAQ:CSCO)?
Cisco Systems, Inc (NASDAQ:CSCO) has acquired Sourcefire, the security vendor in a deal worth $2.7B. The latter is behind the Snort intrusion-detection and prevention-software which is an open-source platform. Sourcefire also has a variety of network security appliances and software. Cisco Systems, Inc (NASDAQ:CSCO) has said that it will continue supporting the FirePower and ASA platforms for Snort as well as Sourcefire’s other open-source projects.
Martin Roesch, the founder of SourceFire has now assumed the Vice-President and Chief-Architect posts in Cisco Systems, Inc (NASDAQ:CSCO)’s security group. He reports in to Christopher Young, the company’s SVP. Young said that in order to protect the systems from any possible vendor attacks, the company is focused on examining how the current day devices and networked environments are structured.
Understanding attacker mindset
Deep analysis of the mindset of the attackers will help the company defend its own systems. The Sourcefire deal included a cash-payment of $76/ Sourcefire share and Cisco Systems, Inc (NASDAQ:CSCO) has assumed all its outstanding-equity awards as well as its retention-based incentives.
Monday’s trading session
In Monday’s trading, Cisco Systems, Inc (NASDAQ:CSCO) dropped by 0.56%. The opening price of the shares was $22.76, which climbed to an intraday high of $23.04 and dipped to a close of $22.89. Approximately 29.58 million shares were traded on Monday while an average volume of 33.30 million shares were traded over a 30 day period. The 52-week low of Cisco Systems, Inc (NASDAQ:CSCO) shares is $16.68 and its 52-week high is $26.49. The company has a market capitalization of $123.25 billion.
About the company
Cisco Systems, Inc (NASDAQ:CSCO) is engaged in designing, manufacturing and selling Internet protocol-based networking as well as other products that are related to the IT and communications industry. It provides services that are associated with these products and their utilization.