Cisco Systems (NASDAQ:CSCO) to Acquire Ubiquisys in $310 Million Deal

The San Jose, California-based Cisco Systems, Inc (NASDAQ:CSCO), the world’s biggest manufacturer of networking equipment, decided to acquire United Kingdom networking corporation Ubiquisys for almost $310 million, gaining technology that assists wireless carriers offer better service to Smartphone and tablet users.

The chip maker giant announced in a statement that the acquisition is forecasted to done in fiscal Q4 of Cisco’s 2013. Ubiquisys employees will join Cisco’s service provider mobility unit, reporting to Partho Mishra. Ubiquisys offers what’s known as small-cell technology.

Cisco decided to acquire Israel based Intucell Ltd for $475 million and Meraki Inc, based in San Francisco, for $1.2 billion in recent months to gain technologies for managing wireless networks.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Alcatel Lucent SA (ADR) (NYSE:ALU) fell -2.29% to settle at $1.28, Polycom Inc (NASDAQ:PLCM) moved down -2.35% to end at $10.82 while Arris Group, Inc. (NASDAQ:ARRS) dropped -1.73% to finish at $16.51 on Wednesday.

Cisco Systems, Inc. (NASDAQ:CSCO) last session’s volume of 30.10 million shares was lower than its average volume of 34.23 million shares. The stock after opening at $21.28 hit high price of $21.37 and then closed at $21.20 by scoring -0.11%.

CSCO generated revenue of $47.25 billion in the previous twelve months and earned $9.32 billion. The Company showed a positive 19.72% in the net profit margin as well as in its operating margin which remained at 22.32%. Company’s annual sales growth for the past five years was 5.69%.

The CSCO’s past twelve months’ price to sales ratio was 2.39 and price to cash ratio remained 2.44. As far as the returns are concerned, CSCO’s return on equity was recorded as 17.79% and return on investment increased 12.42% while its return on asset stayed at 10.04%.

The stock showed weekly upbeat performance of 1.66% which was maintained for the month at 2.20%. Likewise the positive performance for the quarter was recorded as 7.87% and for the year was 3.15% while the YTD performance remained at 7.87%.

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