Cisco (CSCO, $52.69) to buy Voicea, to expand WebEx's offerings
Cisco announced that it wants to buy business communication company Voicea, to further strengthen its own collaboration/video-conferencing platform, Webex.
Voicea offers meeting transcription, voice search, and meeting highlights., By acquiring Voicea, Cisco hopes to add those functionalities to its Webex platform, especially in a way that bolsters Artificial Intelligence-driven, Cognitive Collaboration across an entire portfolio of products/services. Voicea’s technology could potentially help Cisco make meetings more engaging for people/businesses by allowing them to add calls to messaging streams, personalize and access transcribed notes among other features.
The company did not provide financial details for the potential acquisition.
WebEx is used by more than 130 million people a month.
CSCO's RSI Indicator recovers from overbought zone
The 10-day RSI Oscillator for CSCO moved out of overbought territory on August 28, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 instances where the indicator moved out of the overbought zone. In of the 39 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
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Notable companies
The most notable companies in this group are Cisco Systems (NASDAQ:CSCO), Hewlett Packard Enterprise Company (NYSE:HPE), Nokia Corp (NYSE:NOK), Ericsson (NASDAQ:ERIC), Juniper Networks (NYSE:JNPR), Ciena Corp (NYSE:CIEN), Lumentum Holdings (NASDAQ:LITE), CommScope Holding Company (NASDAQ:COMM).
Industry description
The Telecommunications Equipment industry produces voice and data communications equipment, which includes fiber optic delivery products, digital signal processors, high-speed voice, data and video delivery. Additionally, satellite systems, global positioning systems, wireless data systems, personal communications equipment, telephone handsets and payload equipment for satellites also fall into this category. Apple Inc., QUALCOMM Incorporated and Nokia are major global players in this segment.
Market Cap
The average market capitalization across the Telecommunications Equipment Industry is 4.82B. The market cap for tickers in the group ranges from 1.59K to 202.5B. CSCO holds the highest valuation in this group at 202.5B. The lowest valued company is ABILF at 1.59K.
High and low price notable news
The average weekly price growth across all stocks in the Telecommunications Equipment Industry was -2%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 27%. BDRL experienced the highest price growth at 41%, while ASNS experienced the biggest fall at -21%.
Volume
The average weekly volume growth across all stocks in the Telecommunications Equipment Industry was 7%. For the same stocks of the Industry, the average monthly volume growth was 24% and the average quarterly volume growth was 34%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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