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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a manufacturer of Internet Protocol based networking products and services related to the communications and information technology industry
Industry TelecommunicationsEquipment