On Tuesday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), gained 1.68% to $27.77.
Cisco Systems declared it has accomplished the acquisition of Lancope, Inc., a privately held company based in Alpharetta, GA, that provides network behavior analytics, network visibility, and security intelligence to protect enterprises against today’s advanced threats.
The acquisition of Lancope enhances Cisco’s Security Everywhere strategy, enabling the network to become a security sensor, delivering continuous visibility, and accelerating incident response across the extended enterprise.
The Lancope team joins the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager. Under the terms of the agreement Cisco paid $452.5 million in cash and assumed equity awards, plus additional retention based incentives for Lancope employees who join Cisco.
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 next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
Shares of Chevron Corporation (NYSE:CVX), inclined 0.98% to $91.25, during its last trading session, as oil prices recovered after falling more than 3% on Monday.
Crude oil is gaining in anticipation of a decline in U.S. commercial crude oil inventories, which are predictable to have dropped by 2.5 million barrels last week, making it the second week of drawbacks, Bloomberg reports.
“We should get another draw in oil inventories tomorrow,” Confluence Investment Administration chief market strategist Bill O’Grady told Bloomberg. “There’s a slight chance that crude supplies rose last week, and if that’s the case it will be due to imports.”
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, in addition to holds interest in a gas-to-liquids plant.
Finally, Phillips 66 (NYSE:PSX), ended its last trade with 0.38% gain, and closed at $82.77.
Vetr upgraded shares of Phillips 66 (NYSE:PSX) from a hold rating to a buy rating in a research report released on Tuesday, AnalystRatings.NET reports. They presently have $87.18 price target on the stock.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, October 30th. The company stated $3.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.78. During the same period last year, the company earned $2.02 earnings per share. Equities analysts anticipate that Phillips 66 will post $7.72 EPS for the current fiscal year.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks to its refineries and other locations; and delivers refined and specialty products, in addition to provides storage services for crude oil and petroleum products.