Cisco Announces Intent to Acquire CloudLock

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Go back to Cisco Announces Intent to Acquire CloudLock

UBS Remains Buy on Cisco Systems (CSCO) Following Announced CloudLock Acquisition

June 29, 2016 8:06 AM EDT

UBS reiterated a Buy rating and $32.00 price target on Cisco Systems (NASDAQ: CSCO) following the company's announced acquisition of CASB vendor CloudLock for $293mn in cash and equity awards.

Analyst Steven Milunovich commented, "After attending the RSA conference in March, we flagged... More