M&A News Cisco (CSCO) in Talks to Acquire Israeli Cybersecurity Startup Astrix for up to $350M

Image for article M&A News Cisco (CSCO) in Talks to Acquire Israeli Cybersecurity Startup Astrix for up to $350M
News Source : Yahoo Entertainment

News Summary

  • Cisco (CSCO) is in talks to acquire Israel-based cybersecurity startup Astrix Security.
  • The deal is reportedly valued in the range of $250 million to $350 million.
  • Astrix offers software to monitor and secure AI agents.
  • Wall Street has a Moderate Buy consensus rating on Cisco stock based on 10 Buys and four Holds.
  • The average CSCO stock price target of $92 indicates 12% upside potential, according to the average broker-dealer's estimate.
Networking and cloud computing company Cisco (CSCO) is in talks to acquire Israelbased cybersecurity startup Astrix Security, The Information reported. The deal is reportedly valued in the range of [+1909 chars]

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