Skip to main content
Publish date:

Cisco Reportedly Near $1 Bln Deal for ThousandEyes

Cisco is reportedly targeting privately held company backed by Salesforce, Alphabet and others that analyzes network performance.
Author:

Cisco Systems  (CSCO) - Get Cisco Systems, Inc. Report is reported to be in talks to acquire privately-held ThousandEyes Inc. for about $1 billion, according to a published report Thursday.

ThousandEyes offers software as a service aimed at monitoring network performance.

Talks between Cisco and ThousandEyes are in an advanced state with a deal potentially being announced Thursday, Bloomberg reported, citing people familiar with the matter.

An acquisition of ThousandEyes would compliment an earlier deal Cisco made for AppDynamics in 2017, according to the report. 

ThousandEyes was founded in 2010 by two UCLA grad students. The company has received venture funding from Sequoia Capital, Salesforce.com  (CRM) - Get salesforce.com, inc. Report and GV, the investment arm of Alphabet’s  (GOOGL) - Get Alphabet Inc. Class A Report Google, among others.

Cisco shares rose slightly in after-hours trading, gaining 16 cents, or 0.34%, to $45.75. In the regular session the stock fell 0.8%.

Elsewhere, stocks of cyber security companies were mixed Thursday.

TheStreet Recommends

Among notable cyber security stocks, nine rose while eight fell.

NortonLifeLock  (NLOK) - Get NortonLifeLock Inc. Report shares rose $1.08, or 5.44%, to $20.94. Mimecast  (MIME) - Get Mimecast Limited Report shares rose $1.16, or 2.94%, to $40.55. Akamai  (AKAM) - Get Akamai Technologies, Inc. Report shares rose $2.94, or 2.94%, to $102.91.

Amond decliners, F5 Networks  (FFIV) - Get F5, Inc. Report shares fell $3.02, or 2.08%, to $142.25. SailPoint  (SAIL) - Get SailPoint Technologies Holdings, Inc. Report shares fell 27 cents, or 1.16%, to $22.97. Palo Alto Networks  (PANW) - Get Palo Alto Networks, Inc. Report shares fell $2.40, or 1.04%, to $229.39.

The ETFMG Prime Cyber Security ETF  (HACK) - Get ETFMG Prime Cyber Security ETF Report rose 9 cents, or 0.21%, to 43.46.

First Trust NASDAQ Cybersecurity ETF  (CIBR) - Get First Trust NASDAQ Cybersecurity ETF Report rose 16 cents, or 0.51%, to 31.39.

The Nasdaq Composite Index fell 43.37 points, or 0.46%, to 9,368.99.

CRM and GOOGL are holdings in Jim Cramer's Action Alerts PLUS member club