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The next wave of the Internet is already underway – here are seven companies poised to power this digital revolution.
Investors might be reluctant to buy tech stocks in this volatile market, which faces fierce macro headwinds like COVID-19 and the trade war. The growing digital divide between the U.S. and China also makes it increasingly difficult to invest in companies that straddle both markets. Cisco is the world's largest manufacturer of networking routers and switches.
Under Armour (UAA) reopens around 50% of its owned stores in North America in phases.
Supply-chain disruptions in China and non-China regions due to the coronavirus-induced global lockdown expected to have hurt Ambarella's (AMBA) fiscal first-quarter performance.
(Bloomberg) -- In his quest to expand U.S. mobile broadband capacity, Federal Communications Commission Chairman Ajit Pai hasn’t been afraid to anger colleagues in government.He’s taken on the Pentagon, the National Oceanic and Atmospheric Administration as well as the departments of Transportation and Energy. Those agencies have warned that his plans to reallocate spectrum could endanger national security, harm weather forecasts, loosen control of the electrical grid and degrade vehicle safety.So far, Pai has prevailed.“Pai is willing to get himself on the hot seat,” said Doug Brake, telecom policy director for the Information Technology and Innovation Foundation, a Washington-based policy group that works to accelerate innovation.The fights are worth billions of dollars as industries jockey for rights to airwaves, riding a boom in usage for such things as online shopping, streaming television and social media. Appetite for gadgets and the airwaves on which to run them is only growing: the U.S. will have 1.2 billion mobile connected devices by 2023, up from 560 million in 2018, according to a forecast by Cisco Systems Inc.Pai’s independence may be tested in coming months as President Donald Trump has ordered the FCC to draw up regulations to keep social media companies such as Twitter Inc. from censoring political speech.“This debate is an important one,” Pai said in a statement. “The Federal Communications Commission will carefully review any petition for rulemaking filed by the Department of Commerce.”Pai, whose office didn’t reply to requests for comment, has an insiders’ profile that doesn’t suggest a penchant for inter-agency skirmishing. He is a former FCC commissioner, agency staff lawyer and U.S. Senate aide, and before that an attorney for Verizon Communications Inc. President Donald Trump elevated him three years ago to chairman of the commission, which was created in 1934 to keep radio signals straight and now doing the same with wireless broadband.Pai, 47, presents a whimsical public face for an agency steeped in arcane technical policy making. He spices his remarks with pop-culture references, citing the TV sitcom “The Office” and the film “The Big Lebowski.” His Twitter feed branches from telecom policy into philosophy, architecture and sports teams from Kansas City, not far from his childhood home in Parsons, Kansas.As chairman, he has made priorities of pruning regulations and pushing for more mobile broadband to feed the nation’s insatiable appetite. With backing from the agency’s Republican majority, he’s compiled a series of victories for the wireless industry -- and at times setbacks for older uses of airwaves.NOAA, for example, said the FCC’s push to reallocate some spectrum would set back satellite-assisted weather forecasting decades. The Transportation Department warned about road safety when a patch of airwaves set aside for driverless cars was reassigned. The Energy Department opposed taking spectrum used by the power companies.Perhaps most memorably, the Defense Department raised alarms about the FCC’s April 20 approval of a mobile broadband network, saying the service will interfere with military and civilian GPS.Wins and losses are closely linked in airwaves policy because of the nature of spectrum -- the invisible electromagnetic waves that carry communications. Each slice of airwaves can carry one use; a second use on the same frequencies threatens interference, just as a shouted conversation in a room can drown out a quiet chat.To avoid conflicts, regulators including the FCC put different services on separate airwaves. Antennas listen for the chatter on their assigned channels, and don’t pick up signals at higher and lower frequencies, which in turn are left to other users.Assignments, including some set decades ago, have come under question as the mobile broadband revolution deepens, bringing fresh demand for airwaves to handle booming wireless traffic. Old services are being forced to move to different airwaves or share their frequencies with new arrivals.Pai’s FCC has worked to set up frequencies for more Wi-Fi and the high-speed gadgetry that will combine to form the 5G revolution of fast, ubiquitous wireless connections -- a priority for the White House and big tech and telephone companies. The changeover promises such wonders as remote surgery, autonomous cars, rich virtual reality video feeds, and factories humming with connected equipment.Pai takes credit for rearranging a dozen swaths of spectrum. The amount of airwaves affected is more those used by all U.S. mobile broadband providers, Pai said in a video posted on the agency website last year.Friction is inevitable as broadband and other wireless technologies vie for space in the crowded tableau of airwaves swaths, known as bands.“Finding new bands or new opportunities to reallocate for new purposes is more difficult than ever before,” said FCC Commissioner Michael O’Rielly, a Republican. “There’s no greenfields to pick from. And so finding new spectrum for a new purpose means reallocating someone who already exists there.”To others, the FCC’s airwaves fights show lax management by the Trump administration, leaving cabinet officers to push their own airwaves priorities.“This is a result of running the administration as if it were an episode of ‘The Apprentice,’” said Harold Feld, senior vice president with the policy group Public Knowledge. “The federal agencies have just stopped cooperating.”Space Force Commander General John Raymond said in a May 6 congressional hearing that Ligado Networks LLC’s plans for a mobile broadband network would interfere with GPS receivers, which rely on faint signals from satellites, and harm training.The FCC shot back that it wouldn’t be moved by “baseless fear mongering.”In a May 26 letter to Representative Adam Smith, chairman of the Armed Services Committee, Pai defended the Ligado decision, saying it “included strict conditions to ensure that GPS operations continue to be protected from harmful interference.”In a teleconference with lawmakers on May 19, Pai said “America needs to lead in 5G and that requires us to think creatively about a variety of different spectrum bands.”Changes keep coming. The FCC in April voted to allow Wi-Fi on the 6 gigahertz airwaves, despite an expression of concern from the Energy Department. Utilities said the change risks interference to electric, water, and gas transmission and distribution systems. Chipmaker Broadcom Inc. called the action “momentous” and “a definitive moment in U.S. wireless history.”Airwaves AuctionMobile providers will get more opportunities in an auction slated to begin in July. Another, potentially larger airwaves sale is to begin Dec. 8 as the FCC offers a wide swath of prime airwaves now used by satellite providers such as Intelsat SA and SES SA. The satellite providers will move aside, keeping enough frequencies to serve current customers; new users will offer mobile broadband.Bidders may include largest U.S. providers Verizon, AT&T Inc. and T-Mobile US Inc., who all snapped up airwaves in earlier FCC auctions.“It isn’t easy to get the government to move quickly on anything,” Meredith Attwell Baker, president of CTIA, a wireless industry trade group with members including AT&T and Verizon, said in an email. Pai “deserves tremendous credit for making sure wireless providers have the spectrum they need to meet our nation’s 5G ambitions.”Not easy, and not without turmoil. The debate with NOAA concerned power levels for an airwaves swath that Verizon won in an FCC auction. The disagreement persisted for much of 2019 before agencies, working with the State Department, arrived at a unified position. The result was a lower power level than the FCC wanted, and more than NOAA preferred.Bipartisan leaders of both the House Science Committee and the Commerce Committee have asked the Government Accountability Office to probe how the NTIA and other federal agencies interact to resolve spectrum disputes.“Under the Trump administration, spectrum coordination efforts have repeatedly failed,” Democratic Representative Frank Pallone, of New Jersey, the Commerce Committee chairman, said in an email.Representative Greg Walden, of Oregon, the Commerce Committee’s top Republican, in an email said that “not everyone will be satisfied all of the time” as spectrum allocations are made.Others see confusion.“In this administration, instead of having everyone pull in the same direction, we have disputes that are pulling us apart,” said Commissioner Jessica Rosenworcel, the agency’s senior Democrat.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The COVID-19 outbreak brought waves of new users to Zoom Video Communications Inc. and Slack Technologies Inc., but this week we find out how many are actually paying for the services, and how much it is costing the companies to support them.
A hint of optimism is wafting through an M&A market desperately in need of some good news. “The market is starting to open up,” one banker said. In a market devastated by coronavirus, that counts as progress.
Cisco Systems Inc. on Monday postponed its Cisco Live 2020 online conference scheduled for this week due to the ongoing nationwide protests. The conference had already been canceled as a live event due to the coronavirus pandemic. "At Cisco, we have always aspired to foster an environment of dignity, respect, fairness and equality for all," the company said in a statement. "In light of what is going on in the world at this time, we have made the decision to postpone Cisco Live this week." In a video statement on YouTube, Chief Executive Chuck Robbins said Cisco would make a $5 million donation to charities fighting racism and discrimination. A new date was not announced. Last year's Cisco Live had about 30,000 attendees.
(ZM) shares never cease to amaze. The stock has nearly tripled for the year to date, driving the company’s market capitalization to $56 billion, about 60 times projected revenues for the year. For the April quarter, Zoom has projected revenue of $199 million to $201 million, with profits of 10 cents a share.
DOW UPDATE In spite of negative returns for shares of Pfizer and Cisco, the Dow Jones Industrial Average is nearly flat Monday morning. Shares of Pfizer (PFE) and Cisco (CSCO) account for -13% of the index's intraday losses, as the Dow (DJIA) was most recently trading 2 points lower (0.
Stocks jumped last week, as investors celebrated the resumption of more normal activity across big parts of the economy. Both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) gained over 3%, which put the S&P at just a 6% decline so far in 2020, while the Dow is lower by 11%. A few big-name stocks will announce earnings results over the next few trading days, including Ambarella (NASDAQ: AMBA), Slack Technologies (NYSE: WORK), and Zoom Video Communications (NASDAQ: ZM).
A forced timeout stopped neither bulls nor bears from participating in sports apparel stocks. But for today's investors, is now a better time to buy or sell? Let's look at the current champs on Wall Street, and where each stands off and on the price chart before breaking out the pompoms.The novel coronavirus has devastated individuals, businesses and economies around the world. It's also hit our love of sports from every imaginable angle.For some, that's meant a closed gym. For others, Covid-19 has prevented going for a trail run or hike on public lands shuttered by the pandemic. And of course, individual and team sports from recreational endeavors and all the way to the big leagues have been disrupted for participants and spectators alikeInvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure Yet, despite the near universal stoppage time and reduced load of sweaty clothes to wash and wear, many sports apparel stocks have been on an inexplicable tear. Others, more logically so, haven't: * Nike (NYSE:NKE) * Lululemon (NASDAQ:LULU) * Under Armour (NYSE:UAA)In the end champion stocks cheered on by today's investors, and those booed like the NY Jets, aren't future guarantees for bulls and bears that find themselves on the right side of action. The trend is your friend until it's not. And sometimes you'll find a hidden gem buried in the bargain bin. Sports Apparel Stocks to Trade: Nike (NKE) Source: Charts by TradingViewThe first of our sports apparel stocks to trade are shares of Nike. Right now the world's largest retail sports brand looks ready to grow even bigger based on the price chart, setting the stock as a clear "buy,"Technically, the sporting goods giant's shares have formed a 'V-like' bottom on the monthly chart. It's a type of base often seen as less durable than a bottom developed over the longer-term. But Nike's panic low was also a very well-supported (and successful) test of both its long-term uptrend and a pair of key Fibonacci levels. And there's more too.With a bullish stochastics crossover now signaling inside neutral territory and an earnings catalyst next Thursday, the consensus is that this apparel stock is well-positioned to breakout.For investors looking to play this apparel stock for upside, one favored options strategy to limit and reduce risk, as well as offer realistic but big-time profit potential is the July $105 / $110 bull call spread. Lululemon (LULU) Source: Charts by TradingViewThe next of our sports apparel stocks to trade is athleisure and yoga-centric powerhouse Lululemon. Similar to Nike shares, Lululemon is another name that's been championed by investors since the darkest hours of the coronavirus on Wall Street. Here though, bulls could be getting ahead of themselves.Earnings are due in roughly two weeks, but investors aren't waiting around for the quarterly release. Shares have already broken out to fresh all-time-highs. This apparel stock's 'V' bottom was also a technically well-supported one to cheer on initially. But Lululemon now looks too pricey to justify a purchase. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure Bottom-line, with the stock roughly 10% past the prior and pattern high and trading through the upper Bollinger Band, Wall Street's pom-poms could easily be replaced with profit-taking in front of or certainly following earnings. As much, Lululemon is a champion apparel stock that's best watched from the sidelines. Under Armour (UAA) Source: Charts by TradingViewUnder Armour is the last of today's sports apparel stocks on our radar. This underdog most recently crashed on the back of a massive quarterly loss, slumping revenues and forecast that has lacked any indication the company can rebound to the black anytime soon. In a nutshell, what had been a turnaround play prior to the coronavirus now finds that path looking even more difficult to navigate.That all sounds bad, but things also look really bad for Under Armour, on the price-chart. Technically, the stock began showing signs of failure within its comeback story ahead of Covid-19.The monthly chart showed an early warning as shares fell beneath channel support late last year. That price action was then compounded by the pandemic as the stock tumbled cleanly below its lifetime 76% retracement level. But I'm not bearish.With the Under Armour story looking so unfixable off and on the price chart, I can't help but be a fan of this apparel stock. Some of that optimism is helped by the lower-low divergence in shares relative to stochastics. A third month of price action outside the lower Bollinger Band also has our attention. Lastly and as we finish up May with a promising hammer bottom in hand and an imminent oversold and bullish crossover in tow, it could be time to suit up shortly as a bull.Disclosure: Investment accounts under Christopher Tyler's management does not own any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post 3 Sports Apparel Stocks to Trade for Players and Spectators Alike appeared first on InvestorPlace.
DOW UPDATE The Dow Jones Industrial Average is climbing Friday afternoon with shares of Intel and Cisco seeing positive momentum for the price-weighted average. Shares of Intel (INTC) and Cisco (CSCO) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 31 points higher (0.
Cisco will reportedly pay $1 billion to expand its software portfolio, and Home Depot continues to rally.
Just a few months ago, 5G was the market catalyst on every investor's mind. But when the novel coronavirus started to grab the headlines, the promise of a revamped mobile network took a backseat. To be sure, coronavirus news appears to be leading the charge when it comes to movement on the stock market. That being said, however, choosing a few 5G stocks to buy during this downturn is a good way to hedge for the future. The beneficiaries in the 5G space come from many different areas. From network providers to chipmakers, there are a lot of sectors that look poised to profit from the introduction of 5G. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure With all of that in mind, here's a look at five companies that should ride the 5G wave this year:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Skyworks Solutions (NASDAQ:SWKS) * AT&T (NYSE:T) * Nokia (NYSE:NOK) * Crown Castle (NYSE:CCI) * Apple (NASDAQ: AAPL)So, let's dive in. 5G Stocks to Buy: Skyworks Solutions (SWKS)Source: madamF / Shutterstock.com One of my favorite picks for 5G is Skyworks Solutions, a semiconductor firm headquartered in Irvine, California.The firm suffered some coronavirus-related pain when it released its fiscal second-quarter results. Like the rest of its peers, management had to downshift its expectations for the current quarter and was unable to offer long-term predictions.However, Skyworks Solutions does in fact have a bright long-term future. While tension between the U.S. and China does offer a potential roadblock, Skyworks' business with Huawei has been hurt by the trade war which could continue to weigh on the firm's future revenue. That said, if Skyworks is able to secure a deal with Samsung to supply the phone maker with 5G chips, it could help offset some of the Huawei pain. Additionally, Skyworks also has a solid relationship with Apple, which should continue to pay off as the firm rolls out new iPhone versions. Plus, Skyworks is carrying no long-term debt and has cultivated a sound cash pile. That's going to be essential for the firm to get through the coronavirus crisis during the current quarter, and makes SWKS stock a much safer investment than some of its heavily-leveraged peers. AT&T (T)Source: Lester Balajadia / Shutterstock.com Another beneficiary of the 5G revolutions is T stock. AT&T has an impressive future plan that could put the telecom giant at the top of the pack if management is able to execute. The firm's wireless business has been booming, even offering a revenue increase in the first quarter despite the pandemic. As far as future growth, the firm is banking on a huge 5G rollout this summer, at which time current customers are likely to buy new devices in order to access the faster speeds. Plus, AT&T is finally putting its strategic acquisitions to good use with a new streaming service -HBO Max -- that launched this past Wednesday.Moreover, the firm has said 5G is "transforming the future" -- likely a nod to the firm's extensive plans to create an ecosystem in which customers can bundle their streaming service together with their wireless network. The advertising potential from that kind of ecosystem is incredible. * 7 Low-Rated Stocks to Sell Before They Drag You Down So while AT&T offers a compelling buy-case, it's important to note that the firm is highly leveraged after the past few years of transforming itself. In turn, this is not the best-case scenario when you're marching into a stark economic downturn. However, if you're willing to take on that risk, T stock looks like one of the best 5G stocks to buy. Nokia (NOK)Source: RistoH / Shutterstock.com Nokia has had a rough year, as the firm muddled its way through the U.S.-China trade war and was then hit once again by the coronavirus pandemic. It's been a long time since investors were confident in the direction of NOK stock. But with the introduction of 5G on the horizon, Nokia looks like it could be a winning supplier.Nokia's first-quarter results were impressive, as the firm brokered 70 commercial 5G deals and installed 21 live networks. What's more, the firm didn't see demand wane at all in Q1 despite the challenges presented by coronavirus. Q2 is a different story, though, as CEO Rajeev Suri cautioned that the large-scale shutdowns would have an impact on the company's results. However, it's expected to make a solid recovery and finish the year strong.Moreover, Raymond James analyst Simon Leopold says Nokia offers the potential of better returns because of its depressed share price. Although, he admitted it's not quite as safe as competitors like LM Ericsson (NASDAQ:ERIC):"I do think that Ericsson has executed better and is ahead in technology and therefore is a better company for 5G. Nokia has made mistakes, and they've upset customers and they're behind. That said, I think an investor can make a bigger return investing in Nokia than in Ericsson…But we like both of these companies because of the 5G theme."That said, Leopold gives NOK stock a $5.50 price target -- suggesting a nearly 40% upside from where shares are trading today. Crown Castle (CCI)Source: Casimiro PT / Shutterstock.com Tower REITs that rent out the infrastructure and space that wireless firms need to roll out a new network are another way to capitalize on 5G stocks. And while there are a few players in the industry, Crown Castle has a compelling value proposition because of its position in the U.S. market.Oppenheimer's Timothy Horan named CCI stock as a good 5G pick, fining the firm an "outperform" rating with a $175 price target. Horan noted that CCI is uniquely positioned because of the firm's focus on small cells, which are able to support more data. * 3 Social Media Stocks to Trade Out of the Covid-19 Crisis He sees the market for small cells growing from 100,000 to 1 million in the US, a compelling reason to consider CCI stock:"We expect small cells will eventually cover half the U.S. population, or 160 million people. This would be more than 1 million small cells in the U.S., up from about 100,000 today and about 250,000 macro cell sites." Apple (AAPL)Source: View Apart / Shutterstock.com Buying Apple stock isn't exactly a pure-play on the 5G revolution, but it offers investors a way to play the trend without jumping in headfirst. Apple stands to make a lot of money in the coming years as people upgrade their devices in order to make them 5G compatible. That said, Apple's upcoming iPhone model is expected to see a surge in demand as early adopters switch out their phones.Additionally, Apple has created a recurring revenue model that allows people to pay a subscription fee in order to continuously upgrade their phones. This method is a good way to ensure there's always money coming through the door. And with that, the leap from 4G to 5G is going to be a compelling reason for more people to sign up for the program.However, if 5G isn't the boom investors are expecting it to be, Apple is a safe pick because of its solid business and iron-clad financials. The company has enough cash to get through almost anything, which should give investors some comfort during uncertain times. Therefore, it makes the cut among 5G stocks because the new network will offer a powerful incentive for users to upgrade their phones over the next few quarters.Laura Hoy has a Finance degree from Duquesne University and has been writing about financial markets for the past 8 years. Her work can be seen in a variety of publications including InvestorPlace, Benzinga, Yahoo Finance and CCN. As of this writing she did not hold a position in any of the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post The 5 Best 5G Stocks on the Market Today for Investors appeared first on InvestorPlace.
Cisco's (CSCO) acquisition of ThousandEyes is expected to aid it boost customer experience with enhanced visibility into application performance, and strengthen software and services portfolio.
For the first time in its 30 years, Cisco Live 2020 is an all-digital event. The conference will bring attendees everything from the annual customer and partner conference—online and for free. On June 2nd and 3rd on the Cisco Live website, Cisco will celebrate "Possibilities" with digital sessions, keynotes, innovation talks, technical education training, demos, and more. The all-digital experience is an innovative way to explore and imagine everything that's possible with technology. This year, over 80,000 attendees have registered to date, and the global Cisco Live community is ready to engage with how tech can best solve the world's most pressing issues.
Cisco Systems (NASDAQ: CSCO) has inked a deal to acquire ThousandEyes, a privately held cloud software company hailing out of San Francisco, in an effort to expand its software business. Terms of the deal were not disclosed, but Bloomberg reports that Cisco is paying close to $1 billion. In a press release, Cisco said the rapid adoption of cloud networks by businesses and their reliance on the Internet and networks outside of their organizations has created a "chaotic and unmanageable" IT environment for many companies.
The major stock indexes were mixed ahead of President Trump's news conference on China Friday. Twitter escalated its feud with President Trump.
The list of tech companies that are letting employees work from home much longer than initially planned, permanently in some cases, keeps growing and could sharply alter work landscapes.
In an update on its retail operations, Under Armour (NYSE: UA)(NYSE: UAA) said that as of Friday, it will have opened nearly 50% of its branded, company-owned stores in the U.S. It said it will continue to open its doors on a case-by-case basis, in line with rules and conditions set by public officials.
When Cisco bought AppDynamics in 2017 for $3.7 billion just before the IPO, the company sent a clear signal it wanted to move beyond its pure network hardware roots into the software monitoring side of the equation. Yesterday afternoon the company announced it intends to buy another monitoring company, this time snagging internet monitoring solution ThousandEyes. Cisco would not comment on the price when asked by TechCrunch, but published reports from CNBC and others pegged the deal at around $1 billion.
CalAmp (Nasdaq: CAMP), a global technology solutions pioneer transforming the mobile connected economy, and its subsidiary Synovia Solutions, today announced the evolution of its award-winning mobile app, Here Comes The Bus®. The new features are designed to help schools better manage unconventional bus routes like field trips, sports and COVID-19-related trips to comply with social distancing and stay at home mandates.
In a push to consolidate its cloud software unit, Cisco Systems Inc. (NASDAQ: CSCO) has purchased ThousandEyes, a firm that helps companies monitor network outages.What Happened Since Chuck Robbins took over as CEO in 2015, Cisco has been focused on expanding its cloud-based software portfolio to better serve customers who are moving to distributed environments, reported CNBC.The purchase of ThousandEyes for nearly $1 billion will bring it into the fold of Cisco's newly-formed Networking Services business unit, run by Todd Nightingale. Previously, Cisco acquired AppDyamics for $3.7 billion, a company whose software spots bugs in applications and fix them.Nightingale said in a statement, "I'm excited to welcome the ThousandEyes team to Cisco." Adding, "The combination of Cisco and ThousandEyes will enable deeper and broader visibility to pinpoint deficiencies and improve the network and application performance across all networks. This will give customers end-to-end visibility when accessing cloud applications, and Internet Intelligence will improve networking reliability and the overall application experience."Why It Matters This is the first-ever acquisition Cisco has made completely online using Cisco's Webex video-calling service due to the stay-at-home orders in place since March, reported CNBC. Last year ThousandEyes raised $110 million from venture investors, and according to its CEO Mohit Lad, it has retained those funds.ThousandEyes' key customers include Microsoft Corporation (NASDAQ: MSFT), Slack Technologies Inc. (NYSE: WORK), Paypal Holdings Inc. (NASDAQ: PYPL) and Lyft Inc. (NASDAQ: LYFT).Cisco Price Action Cisco shares traded 0.12% higher at $45.65 in the after-hours session on Thursday. The shares had closed the regular session 0.79% lower at $45.60.See more from Benzinga * Saudi Arabia On A Pandemic Bargain Hunt, Buys Shares in Facebook, Disney, Boeing, Others * Zoom Corrects Blog Saying It Had 300M Daily Active Users, Admits It Was Wrong * Next 45 Days Will Be 'Most Critical Period' For US, Says Alan Lancz Who Predicted 1987 and 2008 Crises(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.