CSCO Rises on Meraki Deal; Potential ARUN Threat, Says UBS
Shares of Cisco Systems (CSCO) are up 32 cents, or 1.8% at $18.31, after the company this morning announced it would spend $1.2 billion to buy San Francisco-based Meraki, a vendor of wireless equipment that allows clients to outsource the management of that infrastructure. Shares of Cisco competitor Aruba Networks (ARUN) slid as low as [...]
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