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 burgeoning digital economy and the Internet of Everything (IoE) are predictable to spur the connection of nearly 50 billion devices by 2020, creating a vast new wave of opportunities for security breaches across networks. The faster customers can deploy a solution, the faster they can detect, block and remediate these emerging security threats. OpenDNS’ cloud platform offers security delivered in a Software-as-a- Service (SaaS) model, making it quick and easy for customers to deploy and integrate as part of their defense architecture or incident response strategies. By providing comprehensive threat awareness and pervasive visibility, the combination of Cisco and OpenDNS will enhance advanced threat protection across the full attack continuum — before, during and after an attack.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, counting fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and NGN routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
Shares of Liberty Ventures (NASDAQ:LVNTA), inclined 0.33% to $39.14, during its last trading session.
Liberty Ventures, declared the payment of a quarterly interest payment to the holders, as of June 15, 2015, of its 1.0% Senior Exchangeable Debentures due 2043 (the “Debentures”). The amount of the quarterly interest payment is $2.50 per $1,000 original principal amount of Debentures.
Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced in an amount equal to each extraordinary distribution made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive quarterly interest payment date to the extent necessary to cause the quarterly interest payment to represent the payment of an annualized yield of 1.0% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular extraordinary distribution that results in a reduction to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that extraordinary distribution.
Liberty Ventures tracks the economic performance of Expedia, Inc., TripAdvisor, Inc., Tree.com, Inc., Interval Leisure Group, Inc., Time Warner Inc., Time Warner Cable Inc., and AOL, Inc. The company is based in the United States. Liberty Ventures operates as a partner of Liberty Interactive Corporation.
Finally, Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT), ended its last trade with 0.33% gain, and closed at $82.27.
Starwood Hotels & Resorts Worldwide, declared that it will release the company’s second quarter financial results preceding to market open on Thursday, July 30, followed by a conference call at 1:00 p.m. Eastern Daylight Time. The conference call will comprise a brief discussion of the quarter and a question-and-answer session. It will be moderated by Stephen Pettibone, Vice President of Investor Relations.
Starwood Hotels & Resorts Worldwide, Inc., together with its auxiliaries, operates as a hotel and leisure company worldwide. The company owns, operates, and franchises luxury and upscale full-service hotels, resorts, residences, retreats, select-service hotels, and extended stay hotels under the St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton, Four Points, Aloft, and Element brand names.
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