Does Cisco Stock Look More Appealing Now?
The last couple of years have been relatively quiet when it comes to high-profile mergers and acquisitions in the technology space. In recent months, however, investors have seen the likes of Microsoft, Alphabet, and Amazon invest billions into artificial intelligence start-ups like OpenAI and Anthropic.
While these transactions have garnered lots of attention, they represent only a small slice of the overall appetite of big tech. Cisco Systems (NASDAQ: CSCO) recently announced its intention to acquire cybersecurity firm Splunk (NASDAQ: SPLK) for $28 billion.
Let's dig into the specifics of Cisco's proposed deal and see if now is a good opportunity to buy some shares before the deal is finalized.
Source Fool.com
Cisco Systems Inc. Stock
€44.78
-0.760%
With 11 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 56 € shows a positive potential of 25.06% compared to the current price of 44.78 € for Cisco Systems Inc..
