Cisco: shares edge up after Exablaze acquisition
(CercleFinance.com) - Cisco shares are up 0.
1% at 46 dollars on Tuesday morning, the day after the US network equipment maker announced its intent to acquire Exablaze, an Australia-based designer of next-generation platforms for low-latency applications.
The privately held company makes advanced network devices for environments where high performance is critical, Cisco said.
These products include advanced ultra-low latency switches and network interface cards, as well as picosecond resolution timing technology.
This acquisition comes after Cisco's recent "Internet for the Future" announcement, in which the company unveiled its new investments in its silicon and routing businesses, Credit Suisse analysts pointed out.
"Exablaze is a relatively small acquisition for Cisco but still a clear indication of their advancement into (...) low latency network switching," they added.
The terms of the deal were not disclosed.
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