Cisco Plans to Acquire Astrix Security
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy CSCO?
Peter Bailey, the SVP and GM of Cisco's Security business, announced Cisco's intent to acquire Astrix Security, a company engaged in Non-Human Identity Security. "The addition of Astrix Security brings deep capability to discover and secure every AI agent and non-human identity, including excessive privileges and real-time threats, enabling organizations to adopt AI securely and at scale," Bailey said in a statement, adding that "We plan to integrate Astrix Security's capabilities into Cisco Identity Intelligence, strengthening visibility and context across identities within the Cisco Security platform."
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Analyst Views on CSCO
Wall Street analysts forecast CSCO stock price to fall
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 92.160
Low
76.00
Averages
91.30
High
100.00
Current: 92.160
Low
76.00
Averages
91.30
High
100.00
About CSCO
Cisco Systems, Inc. designs and sells a range of technologies that power the Internet. The Company is integrating its product portfolios across networking, security, collaboration, applications and cloud. The Company's segments include the Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). Its Networking product category represents its core networking technologies of switching, routing, wireless, fifth generation (5G), silicon, optics solutions and compute products. Its Security product category consists of its cloud and application security, industrial security, network security, and user and device security offerings. Its Collaboration product category consists of its meetings, collaboration devices, calling, contact center and platform as a service (CPaaS) offering. Its Observability product category consists of its full stack observability offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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