Cisco Purchases NDS Group for $5 Billion

Cisco (NASDAQ:CSCO) announced early Thursday morning that they are purchasing NDS Group for $5 billion. The deal is expected to close sometime in the second half of the year.NDS Group is a supplier of video software and content security products based in London.Cisco Systems (NASDAQ:CSCO) has potential upside of 14.7% based on a current price of $20.19 and an average consensus analyst price target of $23.16.Cisco Systems is currently above its 50-day moving average (MA) of $19.74 and above its 200-day of $17.37.

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