The company continues to solidify its portfolio of cloud-based networking offerings by offering to pay $1.2 billion in cash to acquire San Francisco-based Meraki.
Cisco Systems (CSCO) gazed upon the cloud again this week and opened its wallet, offering $1.2 billion for privately held cloud networking specialist Meraki.
The acquisition comes on the heels of Cisco's $125 million purchase of cloud automation and management specialist Cloupia.
With the market for Cisco's switches and routers near saturation, the networking giant is keen to nurture its growing cloud-services business. In its most-recent quarter, Cisco reported a 12% year-over-year gain in revenue from services, as revenue from sales of networking gear fell by 2%.
Shares of the personal technology pioneer have lagged behind the Nasdaq, but the stock should get a pop on consumer demand for its newest products.
Apple (AAPL) has wildly underperformed other technology stocks, making the shares a bargain as the company enters the holiday shopping season with a new iPhone, iPad Mini and Mac laptops.
That's what many Wall Street analysts are saying.
Over the past three months, Apple shares have lost 18.6%, compared with a loss of 7.3% for the technology benchmark Nasdaq ($COMPX). Topeka Capital Markets analyst Brian White believes this drastic under-performance might be over. He called the sell-off in Apple shares "insanely insane," given the valuation at which Apple shares are trading. According to White's calculations, Apple is trading at 7.6 times 2013 earnings, excluding cash.
Each of these potential buys is a stalwart of one corner of the technology world; each offers investors a good bargain now and upside potential over the longer haul.
A decade ago, Microsoft (MSFT), Dell (DELL), Cisco (CSCO) and Intel (INTC) were known as the “four horsemen” of the technology world. But as the PC industry has given way to mobile and cloud computing, that quartet no longer dominates the landscape, much less the world of technology stocks. Today’s list of giant, 800-pound technology gorillas --those that have and will continue to shake up the world and dominate the markets -- are more likely to be companies like Google (GOOG) and Amazon (AMZN).
Then there are four technology companies out there that aren’t necessarily the biggest ones in which you could invest, or even ones that you would automatically add to your portfolio.But each of them is a stalwart of one particular corner of the technology universe; each offers investors some upside potential over the longer haul and has a solid argument for representing value at their current price levels.
One boasts the world's biggest virtual marketplace, while the dominant brick-and-mortar retailer is coming on strong in e-commerce. Where should you shop?
Every year since 1997, I've tried to do at least some of my Christmas shopping online.
What I have found is that, in general, Amazon.com (AMZN) wins my business. I find the search process at Amazon straightforward and the deliveries efficient, and the merchandise arrives as advertised.
That said, Amazon is likely to get less of my holiday spending in the future; the online giant is being forced by more states to collect state sales taxes, and Wal-Mart Stores (WMT) is emerging as a credible alternative in online commerce.
The cellphone maker was responsible for $527 million in losses in the tech titan's most-recent quarter, more than triple its amount from the same quarter last year.
It's been more than a year since search giant Google (GOOG) shelled out $12.5 billion to acquire Motorola Mobility. The acquisition was touted as a way for Google to secure a valuable portfolio of hardware patents and improve the company's competitive position in the market for smartphones and tablets, which has been dominated by Apple (AAPL).
So far, at least, the deal hasn't worked for Google. And on the heels of the company's disappointing third-quarter earnings report -- which was issued Oct. 18 and included the first full-quarter contribution from Motorola Mobility -- investors are beginning to wonder if it ever will.
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