On Thursday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), lost -0.07% to $27.33.
Cisco Systems, declared its intent to acquire OpenDNS, a privately held security company based in San Francisco. OpenDNS provides advanced threat protection for any device, anywhere, anytime. The acquisition will boost Cisco’s Security Everywhere approach by adding broad visibility and threat intelligence from the OpenDNS cloud delivered platform.
The OpenDNS team will join the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager. Under the terms of the agreement, Cisco will pay $635 million in cash and assumed equity awards, plus retention based incentives for OpenDNS. The acquisition is predictable to close in the first quarter of fiscal year 2016, subject to customary closing conditions.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide.
Shares of Cyan, Inc. (NYSE:CYNI), declined -1.30% to $5.31, during its last trading session.
Cyan, declared it has been selected to provide the Z-Series Packet-Optical Transport Platforms (P-OTPs) for Australia and New Zealand-based telecommunications provider Kordia. The new software-defined packet-optical network will provide Kordia with an efficient and scalable foundation to assist drive new revenue-creating services and deliver raised domestic capacity for Internet Service Providers (ISPs), integrators, and large enterprises.
“Cyan’s technology allows us to not just lower costs in the network by connecting customers directly to the core – thus reducing the number of router ports required – but also provides a single platform from which we can drive new services across multiple layers,” said Aaron Olphert, CTO, Kordia. “Even more importantly, this deployment meets our primary objective in any transformation project, which is to deliver an improved experience and more compelling services to our customers.”
Cyan’s Z-Series P-OTP, now deployed with more than 150 customers worldwide, is a transformative networking platform that fully integrates multiple networking layers into one system – from the optical layer, to Ethernet, to MPLS-TP – that is purpose-built for metro and regional networks. The Z-Series scales services up to 100GbE packet, in addition to 100G optical transport, to support varied applications counting Carrier Ethernet 2.0 (CE 2.0) service delivery, ROADM, router bypass, private metro builds, wireless backhaul, and more.
Cyan, Inc. provides various carrier-grade networking solutions that transform legacy networks into open high-performance networks in North America, Asia, and Europe. Its solutions enable network operators to virtualize their networks, accelerate service delivery, and enhance scalability and performance.
Finally, Penn West Petroleum Ltd. (NYSE:PWE), ended its last trade with -1.16% loss, and closed at $1.71, despite oil prices rose about 1 per cent on Thursday after tame U.S. jobs and economic data signaled the Federal Reserve would be less hasty to raise interest rates while a surge in gasoline futures drove expectations for more crude demand.
But with the Greek debt crisis unresolved and Iran nuclear talks pending, and Friday’s U.S. Independence Day holiday making for a longer-than-usual weekend, some caution prevailed, limiting the rally.
Penn West Petroleum Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. The company’s properties are located in Alberta, British Columbia, Saskatchewan, Manitoba, and the Northwest Territories, Canada; and Wyoming, the United States.
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