Tuesday, 28 March, 2017

Cisco swoops on £3 billion apps start-up

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Bessie Robbins | 26 January, 2017, 05:33

Please view Cisco's press release and Rob Salvagno's blog post for more information about the announcement. According to him, the company has been following AppDynamics. The analysts offering Earnings Estimates for the company were believing that Cisco Systems, Inc.

However, the IPO has now once again been called off due to the acquisition by Cisco.

AppDynamics was in the process of going public. In short, the first IPO of 2017 has been cancelled. These analysts and investment firms use various valuation methods to decide a price target for a stock. Most recently, in December 2016, Karen Walker, the SVP & CMO of CSCO sold 1,793 shares for a total of $54,525. Cisco Systems, Inc. The company has a market cap of $150.94 billion, a PE ratio of 14.39 and a beta of 1.38.

My guess is that they were thrilled to sell to Cisco because it more than doubled the value that their holdings would have fetched in the IPO scheduled for January 25. Networking & Communication Devices NASDAQ shows a value of -2.60% with Outstanding shares of 5027.

For all the advantages to Cisco and AppDynamics, the acquisition could cool investors' enthusiasm for IPOs, especially amid a bull market that's getting very long in the tooth and political uncertainties such as Brexit and the election of a seemingly protectionist U.S. President Donald Trump. In the event Cisco stepped forward and made the founders an offer they apparently couldn't refuse, at a reported $26 a share.

'Net Neutrality' Foe Ajit Pai Is New FCC Head
But with Republicans now in control of the FCC, Pai's prediction that the policy's "days are numbered" may very well come true. He worked as a Verizon associate from 2001 to 2003 and later worked as a staffer at the DOJ, Senate, and the FCC.

The sale will be a mixture of cash and equity, and is expected to be finalised by April.

The AppDynamics purchase is expected to close in the fiscal third quarter, said Cisco.

Qatalyst founder Frank Quattrone is a long-time adviser to Cisco, which frequently acquires companies.

Gartner defines APM "as one or more software and hardware components that facilitate monitoring to meet five main functional dimensions: end-user experience monitoring, runtime application architecture discovery modeling and display, user-defined transaction profiling, component deep-dive monitoring in application context, and analytics". That division is overseen by Senior Vice President and General Manager Rowan Trollope. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems, Inc. with MarketBeat.com's FREE daily email newsletter. With digital infrastructures of companies expanding rapidly, the IT departments are faced with huge amounts of complex, siloed data.

The San Francisco company develops software that helps companies monitor their apps and websites for bugs by providing real-time data.

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