CSCO) has announced that it has completed the acquisition of ThousandEyes. The deal for the internet and cloud intelligence platform, worth a reported $1 billion, was first announced in May.” data-reactid=”12″>Cisco (CSCO) has announced that it has completed the acquisition of ThousandEyes. The deal for the internet and cloud intelligence platform, worth a reported $1 billion, was first announced in May.
According to Cisco, ThousandEyes enables organizations to visualize any network as if it was their own, quickly surface actionable insights, and collaborate and solve problems with service providers.
“Cisco’s strength in network and application performance, combined with… ThousandEyes, now allows customers to have an end-to-end view into the digital delivery of applications and services over the internet” the company commented.
It will incorporate ThousandEyes capabilities across Cisco’s core Enterprise Networking and Cloud, and AppDynamics portfolios.
price target of $50 (5% upside potential).” data-reactid=”20″>Shares in Cisco are down 1% on a year-to-date basis, and the stock scores a cautiously optimistic Moderate Buy Street consensus. That’s with an average analyst price target of $50 (5% upside potential).
Jonathan Ruykhaver is staying sidelined for now. He reiterated a hold rating on Cisco with a $48 price target on August 10 after completing a survey of Cisco partners for F4Q20.” data-reactid=”21″>However Robert W Baird analyst Jonathan Ruykhaver is staying sidelined for now. He reiterated a hold rating on Cisco with a $48 price target on August 10 after completing a survey of Cisco partners for F4Q20.
“Both F4Q20 feedback and F1Q21 expectations were unsurprisingly muted relative to historic averages” he noted, adding that “Partners have seen and expect to continue to see worsening effects from the coronavirus, and expectations for CY20 growth appear to have deteriorated vs. our prior survey.”
Plus the analyst pointed out that partner commentary around competitive pressures in security and collaboration, along with continued expectations for pressures on switching, are also sources of concern.
See Cisco stock analysis on TipRanks)” data-reactid=”24″>“Overall, we remain Neutral on Cisco given our expectations for both near and longer-term headwinds to growth” Ruykhaver concluded. (See Cisco stock analysis on TipRanks)
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